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$4,800,000
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Property Description
Gold Tier Real Estate is proud to present a ±10.89-acre, fully entitled multi-family development site along Highway 290 in Elgin, Texas. With utilities and road infrastructure being delivered by the seller-and an approved Development Agreement already in place-this tract offers a true turn-key opportunity for a garden-style multi-family developer. The property is zoned for up to 300 units, and a conceptual site plan reflecting 276 units is available for review. As part of the master development, the seller is constructing a new City of Elgin park and nature-trail hiking center that will sit directly adjacent to the site, providing a high-value amenity for future residents. Neighboring development continues to enhance the area's long-term appeal: DR Horton is developing townhomes on the western parcel. Huntington Properties is delivering new, high-traffic retail along the Highway 290 commercial pads. **Broker does not warrant the accuracy of any information provided. Buyer is to conduct their independent due diligence.**
Full Property Details
Full Property Details for 18401 E US Hwy 290
General
- Price: $4,800,000
- Taxes: (2024)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 4844944
- Updated: 11/19/2025
- Added to Site: 136 day(s) ago
Additional Information
- Shared Amenities: Park
Location
- Area: EL
- County: Travis
- Subdivision: n/a
- Driving Directions: From central Austin, take US-290 East and continue for about 20–25 miles toward Elgin, passing through Manor as you stay on the highway. Follow the signs for Elgin/Bastrop, keeping to the right lanes as the road curves. Stay on US-290 the entire way, and as you approach Elgin, watch for your destination on the right. The address 18401 E US Highway 290, Elgin, TX 78621 will be clearly visible from the highway.
School Information
- Elem School District: Elgin ISD
- Midd School District: Elgin ISD
- High School District: Elgin ISD
- Elementary School: Neidig
- Middle School: Elgin
- High School: Elgin
Utilities
- Sewer: Municipal Utility District
- Water: Municipal Utility District
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: None
Lot Features
- Property View: Park/Greenbelt, Creek/Stream
- Lot Size (Acres): 10.89
- Lot Size (Sq. Ft.): 474,368.4
- Lot Features: Backs to Greenbelt/Park, See Remarks
Water Features
- Water Front Desc.: See Remarks
Financial Considerations
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Legal Description: 10.89 acres out of ABS 345 SUR 53 HINES W ACR 75.2565
- Disclosures/Reports: See Remarks
- Property ID: 237082
Listed by Gold Tier Real Estate, LLC
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Schools
Schools serving 18401 E US Hwy 290
School District:Elgin Independent School District
| Name | Grades | Distance |
|---|---|---|
Elgin El 1005 West 2nd Street, Elgin, TX 78621 | PK-4 | 2.7 mi |
Elgin Middle School 1351 North Avenue C, Elgin, TX 78621 | 7-8 | 2.5 mi |
Elgin High School 14000 County Line Road, Elgin, TX 78621 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18401 E US Hwy 290
Date
Details
Price
Change
Source
11/19/2025
Listed
$4,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 18401 E US Hwy 290
18401 E US Highway 290, Elgin, TX 78621 (MLS# 4844944) is a Lots/Land property with a lot size of 10.89 acres. 18401 E US Highway 290 is currently listed for $4,800,000 and was received on November 19, 2025. Want to learn more about 18401 E US Highway 290? Do you have questions about finding other Lots/Land real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.

