18401 E US Highway 290, Elgin, TX 78621

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.**

At 18401 E US Highway 290, the headline fact is scale: 10.89 acres of fully entitled land in Elgin, TX 78621 with zoning that supports up to 300 multifamily units. 18401 E US Highway 290 is listed at $4.80 million in Travis County as Land - See Remarks, and the combination of entitlement, frontage along US Highway 290, and seller-delivered infrastructure makes this one of the more straightforward development opportunities on the eastern side of the Austin market.

For buyers asking what it is like to own and develop this site, the answer starts with execution risk. A Development Agreement is already approved. Utilities and road infrastructure are being delivered by the seller. A conceptual site plan for 276 units is available, giving a developer a defined path instead of a raw land guessing game. Days on market sit at 49, which suggests the tract is getting exposure while still offering room for a serious buyer to evaluate timing, density, and product mix.

The location story matters here. Elgin continues to draw attention as growth moves east along US Highway 290, and this tract sits where daily visibility and future residential demand can work together. The seller is also building a new City of Elgin park and nature-trail hiking center directly next to the property. That is a real resident amenity, not a vague future promise. On the west side, DR Horton is developing townhomes, which adds housing momentum nearby. Huntington Properties is bringing retail to the Highway 290 commercial pads, which supports the long-term case for convenience, traffic, and neighborhood services around the site.

Because this is a land listing, square footage, bed count, bath count, and price per square foot are not reported, and year built is not applicable. The source data also does not identify a neighborhood name, school district, specific school campuses, or school ratings, so those items need to be confirmed independently. That said, the core numbers are clear: $4.80 million for 10.89 acres equates to roughly $440,800 per acre, a useful benchmark for land buyers comparing entitled multifamily sites in Travis County.

This property is best understood as a development play with infrastructure support, entitlement clarity, and adjacency to future park space in a growing Elgin corridor. For the right buyer, 18401 E US Highway 290 offers a chance to create housing where access, amenities, and eastward growth are already starting to align, which is exactly where long-term value can take shape.