141 Tahitian Dr, Bastrop, TX 78602

Rare Development Opportunity of 22+/- Acres within Bastrop City Limits, Multiple Buildings/Improvements, Income Producing / Development Potential located in the ever popular Tahitian Village. This Community is bordered by the Colorado River, home of Bastrop River Club Golf Course, and planned Movie Studio, Butler Ranch, Line 204 Texas. Bastrop State Park is just across the Highway, and several Elon Musk ventures are just minutes away, including The Boring Company, Space X, and X (formerly Twitter).

At 21.831 acres within Bastrop city limits, 141 Tahitian Drive represents one of the largest contiguous development parcels in the Bastrop subdivision, a community framed by the Colorado River to the south and Bastrop State Park directly across Highway 21. This mixed-use property combines multiple income-producing buildings with substantial raw development potential, making it equally attractive to operators seeking immediate cash flow or investors plotting long-term appreciation.

The site's location creates a natural convergence of established recreation and emerging innovation. Bastrop River Club Golf Course anchors the immediate neighborhood with championship play, while the planned Austin Film Studios project signals significant commercial development momentum within the community. The property sits minutes from multiple Elon Musk-affiliated operations including The Boring Company, SpaceX, and the X headquarters, all located in the greater Austin-Bastrop corridor. This proximity to both tech infrastructure and established leisure amenities differentiates Bastrop from typical rural subdivision offerings.

Bastrop's evolution as a destination combines historic character with forward momentum. The city has emerged as a secondary market for Austin overflow, particularly for buyers and businesses seeking lower entry costs without sacrificing regional connectivity. Highway 71 provides direct access to downtown Austin in under 45 minutes, while local Texas 21 offers immediate connectivity to state park amenities and the Colorado River corridor. Bastrop Independent School District serves the area, though this commercial parcel's primary value derives from its development and income-generation capability rather than residential adjacency.

The 1978-built structures on site provide immediate revenue while the bulk of the acreage remains developable. This dual nature allows ownership to phase strategy, maintaining operational income during entitlement processes or market timing. The Bastrop master plan, Colorado River frontage access, and proximity to both recreation infrastructure and tech employment centers create a rare convergence of factors that typically only emerge every decade in secondary Texas markets.

Current 138 days on market reflects the property's specialized appeal and the extended analysis periods required for development deals. The $8.3M price point prices in the income stream while valuing future development rights at a reasonable multiple relative to comparable raw land in the region. For serious developers or investment groups capable of executing mixed-use or commercial buildout, this represents a genuinely uncommon opportunity within an undervalued secondary market that's rapidly gaining institutional attention.