615 W Sh 71
Bastrop, TX 78602

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