ActiveMLS #1490181

1389 Highway 290 E, Elgin TX 78621

Name: 1389 Highway 290 E, Elgin, TX 78621
SKU: 1490181
Price: 1500000 USD
Availability: InStock

Elgin, TX 78621 · Black, Joseph

Single Family Residence for sale in Black, Joseph

$1,900,000

$1,500,000

2,703

10.75

1958

Price Reduced

1 / 40

$1,500,000$1,900,000

Overview

Property Description

Are you looking for a commercial location on one of the busiest highways in Texas between Austin and Houston? Welcome to 1389 Highway 290 E. in Elgin, Texas. This unrestricted +/- 10.75-acre property offers incredible flexibility and endless potential for commercial, residential, investment, or mixed-use opportunities in one of Central Texas’ fastest-growing corridors.The property features a residential component offering over 2,500 square feet per owner, which could serve as office space, living quarters, or a combination of both. Also included is a 2,400-square-foot red iron steel building with two roll-up doors (12x12 and 8x16 with electric opener), ideal for warehousing, equipment storage, workshop space, or business operations.Additional improvements include a well that is in working order with a transferable 5-year warranty. The well pump, controller, and motor have all been recently replaced. The irrigation system is also currently operational. Conveniently located approximately 7 miles from downtown Elgin, 17 miles from Bastrop, 35 miles from Austin-Bergstrom International Airport, 32 miles from downtown Austin, 25 miles from the Samsung facility in Taylor, and 30 miles from the Tesla plant, this property is positioned perfectly to benefit from the tremendous growth happening throughout Central Texas. Buyer and/or buyer’s agent to verify all information including measurements, intended use, restrictions, utilities, and development requirements.

Financial Info

Price: $1,500,000
$ / Sqft: $555
HOA: None
Tax Rate: 1.58%
Est. Taxes: $10,309
Tax Year: 2025
Exemptions: Homestead

Legal Info

Address: 1389 Highway 290 E
County: Bastrop
City: Elgin
State: TX
Zip: 78621
Subdivision: Black, Joseph
Legal Description: A86 BLACK, JOSEPH, ACRES +/- 10.7540
Parcel: 10714

Interior Features

Floor: Concrete, Laminate, Tile, Wood
Num Living: 3
Dining: 1
Appliances: See Remarks
Laundry: Laundry Room
Master Main: Yes
Interior Features: See Remarks, None

General Info

Beds: 4 Total / 4 Main Level
Full / Half Baths: 2 / 0
Prop Type: Residential
Property Type: Single Family Residence
Stories: 1
Year Built: 1958 / Resale
Square Feet: 2,703 / Public Records
Garages: 4
Garage Desc: See Remarks, Detached, Garage, Outside, Workshop in Garage
Foundation: Pillar/Post/Pier, Slab
Roof: See Remarks
Construction: See Remarks, HardiPlank Type, Metal Siding
Acres: 10.75
Lot Description: Gentle Sloping, Level, Trees-Large (Over 40 Ft), Many Trees, Trees-Medium (20 Ft - 40 Ft)
Restrictions: None
Flood Plain: No
View: See Remarks, Trees/Woods
Water Access: No
Waterfront: No
Area: EL

Utility Info

Water: Public, Well
Sewer: Septic Tank
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
Heat: Central
A C: Central Air

Exterior Features

Fence: Partial
Exterior Features: None, See Remarks
Pool On Property: No
Area Amenities: None

Price history

Members only

Days on market

−$400,000 (−21.1%)

$1,900,000 → $1,500,000

Price reduction

Active

Since Jul 3, 2026

Price trend

List priceJul 2026 → Jul 2026

Property history2 events

Date	Event	Price	Change
Jul 28, 2026	Price Decrease	$1,500,000−$400,000 (−21.1%)	−$400,000 (−21.1%)
Jul 3, 2026	New Listing		—

Taxes

General Information

Owner: GRIMM, ARVID A & ROSEMARIE
Legal: A86 BLACK, JOSEPH, ACRES 10.7540
Geo ID: 10714
Acreage: 10.75

Exemptions

Exemption Type: Homestead

Taxing Units

T1: BASTROP COUNTY
T2: MCDADE ISD
T4: BASTROP-TRAVIS COUNTIES EMERGENCY SERVICES DISTRICT NO. 1
T6: BASTROP COUNTY EMERGENCY SVC DIST #3
T7: COUNTY ROAD FM

Tax Summary

MLS estimated annual taxes: $10,309
MLS tax year: 2025
CAD estimated taxes: $8,797.91
CAD source year: 2026

Appraisal Values

Year	Land	Improvements	Market	Appraised	Assessed
2026	$295,436	$344,506	$639,942	$639,942	$639,942

Assessments

Capped	Taxable	Assessed	Land HS	Imp HS	CAD Est. Tax	Taxing Unit
$639,942	$639,942	—	—	—	$2,242.93	BASTROP COUNTY
$639,942	$499,942	—	—	—	$4,776.95	MCDADE ISD
$639,942	$639,942	—	—	—	$639.94	BASTROP-TRAVIS COUNTIES EMERGENCY SERVICES DISTRICT NO. 1
$639,942	$639,942	—	—	—	$639.94	BASTROP COUNTY EMERGENCY SVC DIST #3
$639,942	$636,942	—	—	—	$498.15	COUNTY ROAD FM

Disclaimer: Tax data provided by Bastrop Central Appraisal District (2026 Bastrop CAD external export (supplied snapshot; source year not labeled)).

Schools

School Info

District: McDade ISD
Elementary: McDade
Middle: McDade
High: McDade

Maps

Financing

Your preferences

20% down
Conv/Jumbo
30 years
6.50% rate

Saved on this device

Home priceList price $1,500,000

Down payment

Stays 20% if you change the price

Interest rateNote rate, not APR

Loan termLoan type

Property taxesFrom this listing’s tax record

Homeowners insurance*Estimated only (1% of price / yr)

Estimated monthly payment

$9,694 / mo

20% down · 6.50% interest · 30-year fixed

Principal & interest: $7,585
Property taxes: $859
Homeowners insurance: $1,250

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
Year	Starting balance	Principal paid	Interest paid	Ending balance
1	$1,200,000	$13,413	$77,605	$1,186,587
2	$1,186,587	$14,311	$76,707	$1,172,276
3	$1,172,276	$15,269	$75,748	$1,157,007
4	$1,157,007	$16,292	$74,726	$1,140,715
5	$1,140,715	$17,383	$73,635	$1,123,332
6	$1,123,332	$18,547	$72,470	$1,104,784
7	$1,104,784	$19,789	$71,228	$1,084,995
8	$1,084,995	$21,115	$69,903	$1,063,880
9	$1,063,880	$22,529	$68,489	$1,041,351
10	$1,041,351	$24,038	$66,980	$1,017,314

Year 1$1,186,587
Principal paid
$13,413
Interest paid
$77,605
Starting balance
$1,200,000
Year 2$1,172,276
Principal paid
$14,311
Interest paid
$76,707
Starting balance
$1,186,587
Year 3$1,157,007
Principal paid
$15,269
Interest paid
$75,748
Starting balance
$1,172,276
Year 4$1,140,715
Principal paid
$16,292
Interest paid
$74,726
Starting balance
$1,157,007
Year 5$1,123,332
Principal paid
$17,383
Interest paid
$73,635
Starting balance
$1,140,715
Year 6$1,104,784
Principal paid
$18,547
Interest paid
$72,470
Starting balance
$1,123,332
Year 7$1,084,995
Principal paid
$19,789
Interest paid
$71,228
Starting balance
$1,104,784
Year 8$1,063,880
Principal paid
$21,115
Interest paid
$69,903
Starting balance
$1,084,995
Year 9$1,041,351
Principal paid
$22,529
Interest paid
$68,489
Starting balance
$1,063,880
Year 10$1,017,314
Principal paid
$24,038
Interest paid
$66,980
Starting balance
$1,041,351

First 10 of 30 years

Nearby

Courtesy of Sterling & Associates R.E. · (512) 281-3336

Listings courtesy of ACTRIS as distributed by MLS GRID.