$449,900
●
Land -
For Sale
1515 Upper Elgin River RD #2
Elgin, TX 78621
Studio
0 Bath
$2,572
Est. Monthly
About This Property
10.2 Acres of unrestricted land in one of Bastrop County's fastest
growing corridors between Elgin and Bastrop. This beautiful parcel
presents an excellent opportunity as an investment, custom home,
family compound, agriculture or other business. The land is mostly
cleared with water and electricity available and no restrictions.
Conveniently located just 25 miles from downtown Austin and less
than 20 miles from Samsung and Tesla factories, and the SH-130
corridor, it is in an ideal location for a home or investment. Aqua
Feasibility study completed and approved for water.
Unit Size
-
Days on Market
-
Land Size
10.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$363
HOA Dues
-
Year Built
1940
Listed By
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 days ago (Unlock MLS #ACT3427090)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Listed by eXp Realty, LLC | $449,900 | |
| Listed by eXp Realty, LLC | |||
| Oct 10, 2026 | No longer available | - | |
| No longer available | |||
| Jul 9, 2026 | Listed by eXp Realty, LLC | $449,999 | |
| Listed by eXp Realty, LLC | |||
   | |||
|
10.2 Acres of unrestricted land in one of Bastrop County’s fastest growing corridors between Elgin and Bastrop. This beautiful parcel presents an excellent opportunity as an investment, custom home, family compound, agriculture or other business. The land is mostly cleared with water and electricity available and no restrictions. Conveniently located just 25 miles from downtown Austin and less than 20 miles from Samsung and Tesla factories, and the SH-130 corridor, it is in an ideal location for a home or investment. Aqua Feasibility study completed and approved for water.
| |||
Property Highlights
Exterior Details
Property Condition: See Remarks
Waterfront Features: None
Other Structures: None
Lot Features: Gentle Sloping, Irregular Lot, Native Plants, Rolling Slope, Many Trees, Views, Public Maintained Road
Lot Size Area: 444312
Lot Size Units: Square Feet
Lot Size Acres: 10.2
Lot Size Square Feet: 444312
Lot Size Dimensions: 205x1249
Water Source: Public
Financial Details
Tax Assessed Value: $240,045
Tax Annual Amount: $4,354
Utilities Details
Sewer : None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/09/2026
|
Loft
|
-
|
-
|
$449,999
Loft
-
|
-
-
|
Nicole Huisman
eXp Realty
| |
|
05/19/2025
| |
Loft
|
-
|
-
|
$549,999
Loft
-
|
-
-
|
Nicole Huisman
eXp Realty
|
|
05/16/2025
|
2 Bed
|
2 Bath
|
1100 ft²
|
$339,999
2 Bed
2 Bath
1100 ft²
|
$299,000
-12.06%
05/16/2025
|
Nicole Huisman
eXp Realty
| |
|
04/19/2024
| |
Loft
|
-
|
-
|
$330,000
Loft
-
|
$330,000
04/19/2024
|
Nicole Huisman
eXp Realty
|
Building Info
1515 Upper Elgin River Road
1515 Upper Elgin River Road, Elgin, TX 78621
- 1 Unit for Sale
About Bastrop
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Listed by: Nicole Huisman
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-10-17 04:03:34
Data Source: Unlock MLS, MLS# ACT3427090
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: eXp Realty, LLC - Listing courtesy of Unlock MLS
Phone: (888) 519-7431
Last Updated: 2026-10-17 04:03:34
Data Source: Unlock MLS, MLS# ACT3427090
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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