$4,000,000
Pending

88 Smith Road

Bastrop, TX 78602
Browse 40 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Transitional land opportunity consisting of +/- 88.852-acres lying within the Bastrop Statutory ETJ. This land is adjacent to Section 1 of the Woodrun Subdivision which was the Phase 1 of a deed restricted, residential development consisting of 44, 1-acre lots - all sold out quickly in 2019. This +/- 88.85 acres was originally the 2nd and 3rd phases of the same residential development, but is now offered as an opportunity for a developer to take over with a new set of plans for a much needed, residential community to fulfill the exponential growth occurring in Bastrop. This property lies off Smith Road with four (4) separate access points off this paved, county maintained road. Infrastructure includes a 6 inch water main line along Smith Road with fire hydrants serviced by AQUA Water. Current owner had previously reserved capacity for 62 water meters with AQUA Water for the development of this +/- 88.85 acres. Bluebonnet Electricity is also located along Smith Road with capacity for future development. Utility availability and current capacity to be independently verified by buyer. There is opportunity here for new manufactured homes or a site built home community. Located minutes from the City of Bastrop, Approximately 20 miles to ABIA and Downtown Austin and an even easier commute to The Boring Company, Space X, The Hyatt Lost Pines Resort & Spa and Tesla. Bastrop County features 2 State Parks and 3 golf courses.

  • Property Details
      • Utility FeaturesElectricity Available, Water Available, Sewer Not Available
      • Lot DescriptionMany Trees, Trees Large Size, Trees Medium Size
      • ViewNeighborhood, Rural, Trees Woods
      • SubdivisionAustin, Stephen F
      • Property SubtypeUnimprovedLand
      • School DistrictBastrop ISD
      • Original List Price$4,000,000
      • Property TypePurchase
      • Middle SchoolBastrop
      • High SchoolBastrop
      • CountyBastrop
      • Taxes Annual$27,543
      • MLS #1820084
      • Cost4000000
      • MLS #1820084
      • Acres88.852
      • Utility SourcePublic
      • Elementary SchoolMina
      • Days on Market (Cumulative)423

Location

Panda Investment FirmReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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