3 bed, 1 bath, 792 sqft on 0.33 acres in Elgin. Elgin, TX 78621. $115,000. Elgin ISD.
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 Type
- Residential
- Year Built
- 1945
- Lot Size
- 0.33 acres
- Price / Sq Ft
- $145
Listing information last updated October 20, 2026.
Listed by Rapid Realty LLC
MLS# 6246525 • Pending
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Primary Bedroom on Main
Exterior & Lot
- Cul-De-Sac
- Front Yard
- Open Lot
- Trees-Medium (20 Ft - 40 Ft)
- Fenced
- Pillar
- Post
- Pier
- Front Porch
- Roof
- Composition
- Lot Size
- 0.33 Acres
- Attached Carport
Financial
- Original List Price
- $140,000
- Price per Sq Ft
- $145
Utilities
- Water Source
- MUD
- Sewer
- MUD
Transaction History
2 records on file
Every recorded listing, sale, and lease at 102 Masonic DR, whoever represented it.
- PendingListed 2025Current price: $115,000Original list: $140,000MLS 6246525
- Price changed · March 10, 2026$135,000
- Price changed · July 12, 2026$115,000
- ActiveListed 2025Current price: $115,000Original list: $140,000MLS 4835630
- Price changed · March 10, 2026$135,000
- Price changed · July 12, 2026$115,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Pending with current price, original ask, and market time.
- Current list
- $115,000
- Original list
- $140,000
- Price movement
- $25K reduction
- Listed / DOM
- Oct 24, 2025 · 361 days
Zoned Schools
Elgin ISD
Elgin
Elgin
Booker T Washington
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($23K)
Adjustable assumption - not a lending recommendation.
$115,000
Luxury property intelligence
Keenan Market Position
A sourced read on Elgin pricing, timing, and property scale. No automated valuation claim.
List price
$115,000
Price per sqft
$145/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
361 days
Original to current
$25K reduction
$140K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 20, 2026.
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