18401 E US Highway 290, Elgin, TX 78621
n/a · Travis County
Key Facts
Description
Gold Tier Real Estate is proud to present a ±10.89-acre, fully entitled multi-family development site along Highway 290 in Elgin, Texas. With utilities and road infrastructure being delivered by the seller—and an approved Development Agreement already in place—this tract offers a true turn-key opportunity for a garden-style multi-family developer. The property is zoned for up to 300 units, and a conceptual site plan reflecting 276 units is available for review. As part of the master development, the seller is constructing a new City of Elgin park and nature-trail hiking center that will sit directly adjacent to the site, providing a high-value amenity for future residents. Neighboring development continues to enhance the area’s long-term appeal: DR Horton is developing townhomes on the western parcel. Huntington Properties is delivering new, high-traffic retail along the Highway 290 commercial pads. **Broker does not warrant the accuracy of any information provided. Buyer is to conduct their independent due diligence.**
Property Information
Property Type
Commercial Sale
Lot Size
10.89 acres
Zoning
See Remarks
Days on Market
117
MLS® Listing#
9240557
Property Features
Parking
Construction
Other Structures
Utilities
Financial Details
Annual Taxes
$5,504
Tax year 2024
Parcel Number
237082
Directions
From central Austin, take US-290 East and continue for about 20–25 miles toward Elgin, passing through Manor as you stay on the highway. Follow the signs for Elgin/Bastrop, keeping to the right lanes as the road curves. Stay on US-290 the entire way, and as you approach Elgin, watch for your destination on the right. The address 18401 E US Highway 290, Elgin, TX 78621 will be clearly visible from the highway.
Affordability Calculator
$960,000
Estimated monthly payment
$25,548/mo
Principal $3,840,000 · Est. interest $5,357,142 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elgin, TX
- $326,587
- Median Listing Price
- 65
- Median Days on Market
- 1,833
- Median Sq Ft
- $174
- Median Price / Sq Ft
- 337
- Active Listings
- This home’s price is 1370% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Elgin, TX.
Location
Points of Interest in Elgin, TX
Showing the Elgin area map.
Nearby Schools
Neidig Elementary School
Elementary · 1.0 mi away
Elgin High School
Secondary · 1.4 mi away
Elgin Middle School
Secondary · 2.1 mi away
Harvest Ridge Elementary School
Secondary · 2.3 mi away
Elgin Elementary School
Elementary · 2.5 mi away
Phoenix High School
Secondary · 2.5 mi away
Elgin Independent School
School · 2.6 mi away
Elgin Independent School District
Secondary · 2.6 mi away
Elgin Isd Human Capital
School · 2.6 mi away
Booker T. Washington Elementary School
Elementary · 3.4 mi away
Presidential Meadows Elementary
Elementary · 6.3 mi away
Compass Rose Destiny
School · 6.6 mi away
Manor Senior High School
Secondary · 6.7 mi away
Shadowglen Elementary School
Elementary · 7.2 mi away
Coupland Isd
Elementary · 7.3 mi away
Blake Manor Elementary School
Elementary · 7.3 mi away
Manor New Technology High School
Secondary · 7.6 mi away
Manor Excel Academy
School · 7.7 mi away
Bright Beginning's Learning Center
School · 8.1 mi away
Lagos Elementary School
Elementary · 8.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 400 619 SPUR, Elgin, TX | $3,699,500 | 3 | 2 | 1,609 |
| 12500 County Line RD, Elgin, TX | $4,000,000 | — | — | — |
| 2041 Old McDade RD, Elgin, TX | $4,304,250 | — | — | — |
| 18401 E US Highway 290, Elgin, TX | $4,800,000 | — | — | — |
| 3191 County Road 463, Elgin, TX | $5,763,750 | — | — | — |
| 3191 County Road 463, Elgin, TX | $5,763,750 | — | — | — |
Moving Cost Estimate
EXIT Agents in Elgin
Listing Courtesy: Gold Tier Real Estate, LLC - (512) 674-5727
Last Updated: 2025-11-19