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MLS 569005
MLS 569005
Beds
Baths
Sq Ft
This exceptional 95.867-acre unrestricted property is strategically located just 28 minutes from Austin-Bergstrom International Airport and a mere 10 minutes from downtown Elgin, Texas. The land offers versatile opportunities for immediate development or as a long-term investment. Public water and electricity are available nearby, facilitating various development plans. Additionally, the property benefits from an agricultural exemption, keeping annual property taxes below $900/year. The area is experiencing significant growth, highlighted by a 600-acre development by LanZola Communities directly across the street. Elgin's population has surged by 34.14% since 2020, reaching 13,140 residents in 2024, with an annual growth rate of 6.79%.This rapid expansion underscores the region's increasing appeal and economic vitality. Given its prime location and the area's robust development trajectory, this property presents an opportunity for investors and developers aiming to capitalize on Elgin's dynamic growth.
On the market for 16 days
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No Pool
Summary of the property details
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County:
Bastrop
Last updated Feb 11, 2025
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FloodPlainDisclosure, AgriculturalExemption
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Homes similar to 579 Lower Elgin Road are listed between $326,500 and $1,900,000 at and average of $380 per square foot.