169 FM 20

Strategically positioned within the master-planned community of Adelton, this ±14.252-acre multifamily development site offers a rare opportunity to capitalize on one of the fastest-growing employment and residential corridors in Central Texas. The property is approved for a minimum of 310 multifamily units and is priced at $22,500 per unit.

Adelton is designed around more than 50 acres of parks, an extensive trail network, and approximately 150,000 square feet of planned commercial development, creating the walkable lifestyle and amenity package today's renters demand. The site benefits from frontage along three roads, excellent visibility, and convenient access to Downtown Bastrop, Downtown Austin, SH 71, and major regional employers.

Perhaps most importantly, the property is positioned to serve the rapidly expanding workforce associated with Elon Musk's growing Bastrop County operations, including the headquarters of The Boring Company and major SpaceX/Starlink facilities that continue to attract high-paying technology, engineering, and manufacturing jobs to the area. Bastrop has emerged as a key hub within Musk's Texas business ecosystem, driving significant residential demand and long-term population growth throughout the region.

All utilities are available to the site, including water and wastewater service through West Bastrop Village MUD, electric service through Bluebonnet Electric, natural gas through CenterPoint Energy, and AT&T high-speed fiber internet. No portion of the property lies within the FEMA 100-year floodplain, maximizing development efficiency and site yield.

As Bastrop continues to attract employers, residents, and investment capital from across Texas and beyond, this shovel-ready multifamily site presents an exceptional opportunity to deliver new housing within one of the region's premier master-planned communities. Developers seeking exposure to Bastrop's strong population growth, expanding employment base, and increasing apartment demand are encouraged to submit offers.