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$284,000

NAL Estimated Property Value

1803 Upper Elgin River Road, TX, 78621

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size185.74 acres

Land Information

APNR12481
SubdivisionWells, Martin
Land UseFarm/Ranch Mobile Homes
Legal DescriptionA68 WELLS, MARTIN, ACRES 185.74
Census Tract950101
Assessed Land Value$12,891
Assessed Improvement Value$25,498
Assessment Year2025

About this property

Unrestricted 185-acre ranch located in the heart of Central Texas' fastest-growing corridor, right on the border of Travis and Bastrop Counties. Just minutes from Tesla, SpaceX, The Boring Company, and X headquarters, this property is surrounded by major momentum and development. With over 2,000 feet of road frontage, water and electricity on-site, it's ready for your vision. The site offers excellent accessibility and is positioned for long-term growth. Wastewater infrastructure upgrades are planned in the area to support future development. Major nearby projects—including Lennar’s Snailbrook community and several large residential and commercial developments—continue to transform the region. The land features a gated entrance, varied terrain, Mature Oak trees, and a wet weather creek. It is currently ag-exempt and partially income-producing through seasonal hunting. A portion of the property lies within the 100-year floodplain, adding character and conservation appeal while still offering substantial buildable area.Highest and best use includes a master-planned residential development, championship-level golf course, private ranch estate, or mixed-use community. This is a rare opportunity to secure a large, versatile tract in one of the most dynamic areas of Central Texas—benefiting from the economic energy of both Bastrop and Travis Counties.

Investor Tools

Property Icon
$284,000
Estimated Property Value
$256,228Estimated Mortgage Balance
$27,772Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$65,738 /month
Positive
Cash Flow Estimate:
$21,913 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$158/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$481
$38,389
2025
$12,891
$25,498
$2,562,535
No

Tax History

Year
Tax Paid
Assessed Value
2024
$481
$38,389

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Spirit Of Texas Bank Ssb
Unknown
$460,000
No
First
Sep 10, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,228
$27,772
9%
90%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Elgin

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1803 Upper Elgin River Road | Property Details | No Agent List