650 Co Rd Elgin, TX 78621
Exceptional investment opportunity: Eight Point Ranch, a sprawling 143-acre property in Elgin, Texas, is offered at $7,950,000. This land boasts Preliminary Plat approval for a 100-lot residential community, each lot one acre or larger. Three existing homes and a repurposed conference center (formerly a restaurant in Oak Hill, TX) are included. Planned amenities feature a lake with a fishing dock, a park area, and a community center. The property is nestled in rolling hills, offering both tranquility and convenient access to major thoroughfares. Its location provides proximity to Austin (45 minutes), the Tesla Giga Plant (25 minutes), Austin-Bergstrom International Airport (30 minutes), and Hwy 290 & Toll Road 130. The acclaimed Coupland ISD and Austin Community College's Elgin campus are also nearby. Mature oak and hardwood trees enhance the natural beauty of this prime development site, minutes from downtown Elgin. This unique combination of established infrastructure, planned amenities, and a desirable location makes Eight Point Ranch an exceptional opportunity for residential development. The property is zoned residential and situated in Williamson County, Texas, with the address listed as 650 Co Rd 468, Elgin, TX 78621.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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