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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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102 Masonic Dr , Elgin, TX 78621
$115,000
Est. Payment: $577.52/mo
3 Bed
1 Bath
792 Sqft
Status: active | Days on site: 260
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jeannette Spinelli
Broker Associate & Founder
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House Description

This oversized R-3-zoned lot spans more than 14,000 sq ft—nearly twice the size of nearby parcels—and is approved for single-family, duplex, or manufactured home development within Elgin city limits. Situated on a quiet cul-de-sac just minutes from downtown Elgin, 102 Masonic Drive offers an exceptional opportunity for investors, builders, or homeowners seeking flexibility and location. City water and sewer are already in place, and the property sits high and dry in Flood Zone X, safely outside the 100- and 500-year floodplains. The existing 1945 structure can be removed or incorporated into a new build, offering multiple paths for redevelopment. With no HOA and duplex construction allowed by right, the property provides immediate potential for rental income, resale, or infill development. Elgin has quickly become a key player in Bastrop County’s transformation—one of Central Texas’s most dynamic growth corridors. Supported by major investments from Starlink, The Boring Company, and X, plus expanding manufacturing anchors such as Carr Lane Manufacturing and Yerico Industries, the region is attracting billions in new development. Nearby projects like Silo Ranch and Epitome at Elgin are bringing new housing, retail, and industrial space, while the county’s $43 million broadband initiative and designation as a Texas Media Production Zone are fueling long-term innovation and job creation. Combining small-town charm with direct access to US-290 and SH-130, Elgin delivers strong connectivity and steady population growth—making this property an ideal platform for investors to build now and benefit from the city’s accelerating momentum.
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Highlights

Listed by Connor James , (512) 559-3294 LoKation Real Estate, LLC , (512) 792-4703. Austin MLS mls logo

Property Type

Residential
Lot/Acreage
0.33

Year Built

1945

County

Bastrop

Area

EL

 Neighborhood

Masonic

 School District

Elgin ISD

Listing ID

6246525

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Appliances:See Remarks
Floor:See Remarks
Other:Main Level Primary
Other:Municipal Utility District

Exterior Features

Lot:Cul-De-Sac,Front Yard,Open Lot,Trees Medium Size
Roof:Composition
Others:See Remarks,Resale
Sewer:Municipal Utility District
Parking Features:Attached Carport
Principal Interest
$578
Taxes
$346

Home Price

$115,000

Loan Details

30 yrs
6.434%

Down Payment

20%
$23,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$577.52

Principal

Taxes

Principal Taxes HOA Total
Monthly $577.52 $345.95 $0.00 $923.46
Yearly $6,930.18 $4,151.35 $0.00 $11,081.53
Total $207,905.43 $124,540.50 $0.00 $332,445.93

Today's Rates

30 Year

6.43%

20 Year

6.23%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Elgin, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listings courtesy of Austin MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-07-17T15:20:32.000Z

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