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$ 1,200,000
Est. payment | /mo
19 Acres Lot
$ 1,200,000
Est. payment | /mo
19 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
Subdivision Standifer, James
MLS Listing ID 565512
Construction Status Resale
HOA Y/N No
Lot Size 18.998 Acres
Acres 18.998
Property Sub-Type Acreage
Property Description
This 18.998-acre tract, strategically located between Elgin and Bastrop, TX, offers an exceptional investment opportunity in a high-growth area just a short drive from Austin. With Bastrop's booming development scene and Elgin's expanding infrastructure, this property is ideally positioned to capitalize on the region's increasing housing demand. Planned for a 27-lot residential subdivision featuring half-acre lots, the property is situated within the ETJ of Elgin, providing the flexibility of being outside city limits while remaining subject to certain city regulations. All the groundwork for a seamless development process has been laid: Water Feasibility Study Completed: A recent report with Aqua Water saves approximately 10 months of feasibility time. The report indicates a need for replacement of approximately 2,230 LF of 2.5-inch pipe with 6-inch pipe along Upper Elgin River Rd. Utilities in Place: An existing Aqua water line, three-phase electric power line, and septic system supplies the property currently. Construction Drawings Done: Ready for civil engineering and the platting process with the county. The property is NOT within FEMA Flood Plain or Houston Toad Conservation Area The land boasts level topography, road frontage for easy access, and proximity to essential amenities, making it a developer's dream. Whether you're looking to cater to the growing demand for rural residential housing or explore alternative uses like storage facilities, this tract is primed for success. Additionally, the property includes a 2,100 sq. ft. home, providing the option to live on-site during development or maintain it as an income-generating rental.
Location
State TX
County Bastrop
Interior
Fireplace No
Exterior
Fence Full
Community Features None
Utilities Available Electricity Available
View Y/N No
Water Access Desc Community/Coop
View None
Building
Sewer Septic Tank
Water Community/Coop
Additional Building Residence
Construction Status Resale
Schools
School District Elgin Isd
Others
Tax ID 54481
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Listed by Kaylee Sutton • Land Unlimited
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