For Sale Commercial MLS# ACT9240557

18401 E US Highway 290

Elgin, TX 78621

$4,800,000

About 18401 E US Highway 290

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 details

Property

MLS type
Commercial Sale
Status
Active
Lot
10.89 AC / 474,368 SF
Original price
$4,800,000
MLS #
9240557

Exterior & lot

View
Creek/Stream, Park/Greenbelt

Utilities

Utilities
Electricity Available, Sewer Available, Water Available
Water
MUD
Sewer
MUD

Financial

Annual tax
$5,504
Tax year
2024
Parcel
237082
Legal
10.89 acres out of ABS 345 SUR 53 HINES W ACR 75.2565

Location

County
Travis
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.

Location

Neighborhood
n/a

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Listed by Taylor Golden, Gold Tier Real Estate, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.