Active

1803 Upper Elgin River RD

Elgin TX, 78621

$16,237,450


$2.01 per sqft

Active

185.74 Acres

Land

Prime opportunity with this expansive 185.74-acre plot in Bastrop County along Upper Elgin River Road. Witness the transformation of this area into a future 'Silicon Valley' and 'Hollywood destination.' The land spans 2050 linear feet of frontage along Upper Elgin River Road, 15 minutes from Tesla HQ and Giga factory, and 5 minutes from the under-construction X (formerly Twitter) headquarters, SpaceX Starlink factory, and the Boring Company. Nearby, Spiderwood Studios, Greenpoint private airport, and Ad Astra School, backed by Elon Musk, are key highlights. Lennar Corp. is developing "Snailbrook," a 110-home subdivision next to the Boring Company HQ.
Bastrop's rapid development continues: SpaceX and the city are investing $8.5 million in wastewater infrastructure to support new facilities, expected by 2026. The 522-acre movie studio project will feature large studios, sound stages, and office space, with phase 1 set to open in 2025, bringing a $1.3 billion economic boost. Austin developer C&A's projects include a 5,426-acre aviation tech park and a 1,000-acre resort, complete with casinos, hotels, and entertainment aimed at creating a self-sustaining environment with green energy, food production, and water management. This will redefine Bastrop's landscape, attracting major companies and generating investment. Additionally, HEB plans of a $28 million expansion, and the recent purchase a 40,000-square-foot factory by Samsung's supplier LS Electronic are solidifying Bastrop's position as a hub for innovation and growth. With its strategic location, Bastrop is set to become one of Texas' most dynamic areas for business and lifestyle.
The agriculture/wildlife exempt land features mature oak, pecan, and elm trees, along with three ponds and a natural creek frequented by ducks and deer. Aqua-water and electricity infrastructure are in place, with a preliminary development plan and water feasibility study completed, offering a solid foundation for future development.

3906780

MLS ID

September 24, 2024

Listed

November 21, 2024

Updated

Map

1803 Upper Elgin River RD
Elgin TX, 78621

Exterior/Building Features

Lot Size

185.74 Acres


Lot Features

Agricultural


Sewer

Public Sewer

School Information

School District

Elgin ISD


High School

Elgin


Elementary School

Elgin

Other Property Details

Area Name

EL


Taxes

$477


Tax Frequency

Annually


Garage

No


View

No


View Description

None


County

Bastrop


Water Source

Public


Pool

No

Listing History

Date

Event

Price

11/9/2024

Price change

$16,237,450

13%

Courtesy of Forever Realty, LLC

Listing Contact: (281) 566-2562

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cherie Laake shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Database last updated 7:15 PM UTC, 11/21/2024

 

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