1. Overview
  2. Location
  3. Interior
  4. Exterior
  5. Property
  6. Schools
  7. Tax
  8. Calculator
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Status: Active

102 Masonic Dr 
Elgin, TX 78621

$140,000

------/mo*
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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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Bedrooms
3
Baths
1
House Size
792 sqft
Year Built
1945
Lot Size
0.33 ac
School District
Elgin ISD

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Location

Market Insights

In the last 30 days, homes for sale in 78621, Elgin, TX were on the market for a median of 119 days and 6.25% of homes sold above list price.

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Interior Information

features
Master Downstairs
flooring
See Remarks
heating
See Remarks
laundry features
Inside
view
None

Exterior Information

fence
Fenced
patio and porch
Front Porch
pool
None
roof
Composition

Property Information

community
None
construction
Other
foundation
Pillar/post/pier
lot
Cul-de-sac
Front Yard
Open Lot
other structures
None
parking
Attached Carport
subdivision name
Masonic
utilities
See Remarks
  • Listed By Connor James
  • (512) 792-4703
  • LoKation Real Estate, LLC
  • (512) 792-4703
  • matt@lokationre.com
  • MLS 6246525

Tax History

Date

Property Tax

Land

Additions

Tax Assessment

2025$4,257 (+3.5%)$136,665$36,492$173,157 (-2.5%)
2024$4,113 (+21.5%)$136,665$40,901$177,566 (+34.1%)
2022$3,385 (0%)$95,622$36,811$132,433 (+81.5%)
2021$3,385$38,883$34,100$72,983

Tax data provied by Attom


Monthly Payments Calculator

Estimated Monthly Cost

$1,292

30 year fixed·6.9% interest rate
Principal & Interest
$738
Property Taxes
$355
Home Insurance
$200
HOA Fees
$0
%

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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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