About this property

EXCEPTIONAL 8-ACRE UNRESTRICTED DEVELOPMENT OPPORTUNITY along Elgin’s fast-growing FM 1704 growth corridor! Located directly adjacent to the new $108M Legacy Oak Middle School and future Elgin ISD High School campus, this high-yield land assembly features two contiguous 4-acre tracts with strong in-place carrying income. Includes two ~2,000 SF homes generating $4,500/mo ($54,000/yr gross) to offset carrying costs during site planning and entitlement. Home 1 (newer 4BR/2BA) projects $2,300/mo; Home 2 (3BR/2BA + covered storage shed) projects $2,200/mo. Completely UNRESTRICTED in Bastrop County—ideal for residential subdivision (0.25ac / 0.50ac lots trading $50k-$100k+), Build-To-Rent (BTR) duplex community, neighborhood retail center, self-storage, or flex-warehouse. On-site utilities include active water meters, power, and 2 independent septic systems. Sellers offer entire package for $895,000 or land-only baseline for ~$750,000. Rare turn-key holding asset in prime growth path!