See Home Value
$1,499,900
● House - Off Market

123 LAZY RIVER LN

Elgin, TX 78621
bedrooms
3 Beds
bathrooms
1 Bath
square feet
100 Ft²
$7,365
Est. Monthly
1.26%
Cap Rate

About This Property

SUPER RARE COMMERCIAL OPPORTUNITY!  SELLER FINANCING AVAILABLE -- This property is directly connected to what will be the CENTRAL TEXAS AIRPORT / GREENPORT Technology Center and is the ONLY PROPERTY in the planned area with 3 SIDES PAVED BY THE COUNTY = 1,200 linear feet of paved road frontage!  (The 4th side of the property connects directly to the Commercial Campus of the planned airport).

12 ACRES of beautiful Pecan farm that will be directly adjacent to the the planned future development.  6,000sf Warehouse on site. Perfect for a Commercial Flip.  Get the land now and resell it as the development goes forward (CURRENTLY IN PHASE ONE OF CONSTRUCTION).  Build as tall as you want - developer has no height limits and will be planning hotel towers and much much more.  GREENPORT will be an international Green-Airport and Technology Center specializing in Autonomous Aircraft and is part of Texas's INDUSTRY 4.0 plans.  This development is planned to be a city within itself - here is the chance to get what could be the "Gateway" to Greenport.  DO NOT DISTURB TENANTS: Mobile Homes to be removed upon sale unless negotiated otherwise. DEEP DISCOUNT FOR QUICK CASH CLOSING!
Unit Size
100 Ft²
Days on Market
-
Land Size
12.00 acres
Price per sqft
$14,999
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1995

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (Unlock MLS #ACT6342779)

Price History

Date / Event Date Event Price
Jun 29, 2025 In contract -
In contract
May 24, 2025 Price Decreased $1,150,000
↓ $150K (11.5%)
Price Decreased
Mar 26, 2025 Price Decreased $1,300,000
↓ $25K (1.9%)
Price Decreased
Mar 20, 2025 Price Decreased $1,325,000
↓ $25K (1.9%)
Price Decreased
Mar 11, 2025 Price Decreased $1,350,000
↓ $25K (1.8%)
Price Decreased
Show More

Property Highlights


Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 1,216
  • Gross Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1006
  • County Land Use Code: M3
  • State Land Use Code: M3
  • Mobile Home Indicator: T
  • Legal Description 1: ABS A29 DUTY, SOLOMON,12.055 ACRES (MH ONLY 16X76, S/N 12523804, L/N TEX0554680) LOCATED ON R11420

Neighborhood

  • School District Name: Elgin Independent School District
  • School Tax School District: S01
  • Census Tract: 950101

Geography

  • Parcel: M8705019
  • Latitude: 30.2166
  • Longitude: -97.4814

    Address

  • Full Address: 123 Lazy River Ln
  • Address - House Number: 123
  • Address - Street Name: Lazy River
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Elgin
  • Carrier Code: R007
  • 4-Digit Zip Code: 5621
  • Zip Code: 78621

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $43,581
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: S01

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 68
  • Final Value: 79,430
  • High Value: 97,751
  • Low Value: 61,109

    Market Valuation

  • Market Total Value: $21,851
  • Market Improvement Value: $21,851

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,851
  • Assessed Improvements Value: $21,851
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lazy River Acres


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 123 Lazy River Lane built and last sold?
The property at 123 Lazy River Lane was built in 1995 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 123 Lazy River Lane is $0.
What are some comparable homes to 123 Lazy River Lane?
There are currently no comparable homes to 123 Lazy River Lane.