102 Masonic DR, Elgin TX 78621
MLS #234789505 · LoKation Real Estate LLC · Connor James
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.
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
Interior features
- Primary Bedroom on Main
Exterior features
- See Remarks
Additional details
- Parking
- Attached Carport
- Garage spaces
- 0
- Roof
- Composition
- Foundation
- Pillar/Post/Pier
- Annual tax
- $4,151
Location
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Schools
Assigned schools per the MLS.
- School district
- Elgin ISD
- Elementary
- Booker T Washington
- Middle
- Elgin
- High
- Elgin
Comparable homes near 102 Masonic DR
Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 23.2 mi
- Austin-Bergstrom Airport
- 20.6 mi
Straight-line distance, not drive time.
Market insights
Compared with 530 active homes in ZIP 78621 · HomeLocating listings
At $115,000, this home is priced 61% below the $295,000 median across 530 active homes in ZIP 78621.
Estimated monthly payment
Home price
$115,000
Down payment
20% ($23,000)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of LoKation Real Estate LLC · Connor James
Listing data last updated Oct 2, 2026, 11:46 PM
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