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615 W Sh 71
Bastrop, TX 78602
Bastrop Development Land - Prime Location · Land For Sale
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22.34 AC
Executive Summary
The site benefits from all utilities in place, a 2.100% tax rate, and impact fees of approximately $950/unit each for water and wastewater. It sits within the Bastrop ISD school district, serving Mina Elementary, Bastrop Middle School, and Bastrop High School. The parcel (R37176) carries a legal description of A98 Blakey, Nancy, Acres 21.86.
Surrounded by significant retail, residential, and employment drivers — including an opening Sprouts Farmers Market, HEB, Walmart, and Ascension Seton hospital — the site is flanked by over 320 existing and planned multifamily units at Hunter's Crossing and sits adjacent to the forthcoming Blakey Lane extension. Within a 5-mile radius, the 2026 population is estimated at 27,270, with a projected 22% five-year growth rate and an average household income of $112,017. Traffic counts on the immediate corridor reach nearly 49,000 vehicles per day.
The site is strategically located 30–40 minutes from Downtown Austin and ABIA, and proximate to major employment anchors including SpaceX/Starlink, The Boring Company, and X Corp. operations in Bastrop County.
Call for Pricing — Contact Tripp Rich at 512.575.5125
Property Facts
1 Lot Available
Lot
| Lot Size | 22.34 AC |
| Lot Size | 22.34 AC |
±22.34 AC, zoned MF-1A, all utilities in place. Prime multifamily development opportunity at the heart of Bastrop's booming growth corridor. 2.100% tax rate. 30–40 min from Downtown Austin.
Description
Reed Ranch is a ±22.34-acre multifamily development site zoned MF-1A, ideally positioned at the intersection of State Highway 71 and Highway 21 in Bastrop, Texas — one of the fastest-growing cities in Central Texas. Located 30–40 minutes from Downtown Austin and Austin-Bergstrom International Airport, the site offers developers a shovel-ready opportunity in a market experiencing explosive residential, commercial, and employment growth. All utilities are in place, traffic counts on the immediate corridor approach 49,000 vehicles per day, and the forthcoming Blakey Lane extension will provide direct connectivity to the site's northern boundary. The property sits adjacent to two existing multifamily communities totaling 321 units and within walking distance of a newly opened Sprouts Farmers Market, Ascension Seton hospital, HEB, Walmart, Home Depot, and a full complement of national retailers and restaurants. The surrounding trade area tells a compelling demand story. Within 5 miles, the 2026 population is estimated at 27,270 with a projected 22% growth rate over the following five years and an average household income of $112,017. Bastrop's population has surged 32% since the 2020 census, fueled by major employment anchors including SpaceX/Starlink manufacturing, The Boring Company headquarters, and X Corp. operations — all located within the county. Thousands of new rooftops are planned in the immediate vicinity, including The Colony (4,000 homes on 2,300 acres) and Adelton (1,500+ units on 348 acres), ensuring sustained long-term demand for quality multifamily housing. Reed Ranch represents a rare opportunity to develop at the epicenter of Bastrop's transformation, a market with Austin's growth story, at a fraction of the cost. Call for Pricing | Contact Tripp Rich, DMRE — 512.575.5125
Property Taxes
| Parcel Number | 37176 | Improvements Assessment | $279,589 CAD |
| Land Assessment | $280,814 CAD | Total Assessment | $560,403 CAD |
Property Taxes
