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Are you looking for a commercial location on one of the busiest highways in Texas between Austin and Houston? Welcome to 1389 Highway 290 E. in Elgin, Texas. This unrestricted +/- 10.75-acre property offers incredible flexibility and endless potential for commercial, residential, investment, or mixed-use opportunities in one of Central Texas’ fastest-growing corridors.The property features a residential component offering over 2,500 square feet per owner, which could serve as office space, living quarters, or a combination of both. Also included is a 2,400-square-foot red iron steel building with two roll-up doors (12x12 and 8x16 with electric opener), ideal for warehousing, equipment storage, workshop space, or business operations.Additional improvements include a well that is in working order with a transferable 5-year warranty. The well pump, controller, and motor have all been recently replaced. The irrigation system is also currently operational. Conveniently located approximately 7 miles from downtown Elgin, 17 miles from Bastrop, 35 miles from Austin-Bergstrom International Airport, 32 miles from downtown Austin, 25 miles from the Samsung facility in Taylor, and 30 miles from the Tesla plant, this property is positioned perfectly to benefit from the tremendous growth happening throughout Central Texas. Buyer and/or buyer’s agent to verify all information including measurements, intended use, restrictions, utilities, and development requirements.
Property Type
Commercial Sale
Year Built
1958
Lot Size
10.75 acres
Garage
10 spaces
Listed by Sterling & Associates R.E.
Verified property facts
1389 Highway 290 E is a Commercial Sale built in 1958 featuring 0 bedrooms, 10.75-acre lot.
1389 Highway 290 E is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 1389 Highway 290 E is $10,309. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
With 20% down ($380,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1389 Highway 290 E is around $10,718 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Flooring
Construction
Foundation
Parking
Listing timeline with current price, original ask, and market time.

20% ($380K)
$1,900,000
Luxury property intelligence
A sourced read on Black, Joseph pricing, timing, and property scale. No automated valuation claim.
List price
$1,900,000
Price per sqft
Not available
Vs. Black, Joseph median
Not available
Days on market
19 days
Original to current
No verified reduction
$1.9M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $1,900,000, 1389 Highway 290 E is in the Black, Joseph market where there are currently 279 active listings in 78621.
1389 Highway 290 E was built in 1958 (68 years ago). Buyers should budget for potential updates to major systems.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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