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$301,000

NAL Estimated Property Value

123 Lazy River Ln, Elgin, TX, 78621

Off MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths720 Sq Ft
Year BuiltBuilt in 1990

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringSee Remarks

Exterior

Exterior FeaturesRV Hookup

Building Information

Roof Type112

Land Information

APNM8725562
Land UseResidential
Legal DescriptionABS A29 DUTY, SOLOMON,12.055 ACRES, (MH ONLY 12X60, S/N UNK, L/N UNK) LOCATED ON R11420
Census Tract950101
Assessed Improvement Value$27,736
Assessment Year2025

About this property

OWNER FINANCING AVAILABLE. 500,000 DOWN. 7% FOR 20 YEARS Situated in the heart of the most exciting development in Austin and Bastrop County, this UNRESTRICTED 12-acre pecan orchard is a rare and versatile investment opportunity. Strategically located directly adjacent to the Greenport Technology Center and future international airport, it’s also just 10 minutes from SpaceX and The Boring Company in Bastrop and 20 minutes from Tesla, making it perfectly positioned for commercial or residential development. The property boasts 1,200 feet of paved road frontage, including 400 feet along the high-traffic FM 969 thoroughfare, ensuring exceptional accessibility and visibility. With Aqua Water service, a private well, and four Bluebonnet Electric meters already in place, it’s fully equipped for immediate use. A spacious 6,000-square-foot warehouse enhances its functionality, making it suitable for industrial or retail ventures, multi-family housing, or even a private estate. Don’t miss this opportunity to secure prime land at the center of Central Texas’s dynamic growth corridor.

Investor Tools

Property Icon
$301,000
Estimated Property Value
$0Estimated Mortgage Balance
$301,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,800 /month
Positive
Cash Flow Estimate:
$2,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$159/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$27,736
2025
N/A
$27,736
$27,736
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$27,736

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$218,000
100%
0%
$0/mo

City: Elgin

123 Lazy River Ln | Property Details | No Agent List