Market insights

Compared with 354 active homes in ZIP 78621 · HomeLocating listings

Property details

Property type

Residential · SingleFamilyResidence

Status

Active

Year built

1945

Full baths

1

Lot size

0.3306

Subdivision

Masonic

MLS area

EL

MLS #

234789505

Features

Additional details

Parking

Attached Carport

Garage spaces

0

Roof

Composition

Foundation

Pillar/Post/Pier

Annual tax

$4,151

Schools

Assigned schools per the MLS.

School district

Elgin ISD

Elementary

Booker T Washington

Middle

Elgin

High

Elgin

About this home

This oversized R-3-zoned lot spans more than 14,000 sq ft—nearly twice the size of nearby parcels—and is approved for single-family, duplex, or manufactured home development within Elgin city limits. Situated on a quiet cul-de-sac just minutes from downtown Elgin, 102 Masonic Drive offers an exceptional opportunity for investors, builders, or homeowners seeking flexibility and location. City water and sewer are already in place, and the property sits high and dry in Flood Zone X, safely outside the 100- and 500-year floodplains. The existing 1945 structure can be removed or incorporated into a new build, offering multiple paths for redevelopment. With no HOA and duplex construction allowed by right, the property provides immediate potential for rental income, resale, or infill development. Elgin has quickly become a key player in Bastrop County’s transformation—one of Central Texas’s most dynamic growth corridors. Supported by major investments from Starlink, The Boring Company, and X, plus expanding manufacturing anchors such as Carr Lane Manufacturing and Yerico Industries, the region is attracting billions in new development. Nearby projects like Silo Ranch and Epitome at Elgin are bringing new housing, retail, and industrial space, while the county’s $43 million broadband initiative and designation as a Texas Media Production Zone are fueling long-term innovation and job creation. Combining small-town charm with direct access to US-290 and SH-130, Elgin delivers strong connectivity and steady population growth—making this property an ideal platform for investors to build now and benefit from the city’s accelerating momentum.

Location

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