Elderville, TexasElderville is an unincorporated community in Gregg and Rusk counties in Texas, United States. It is located along Texas State Highway 322 and Farm to Market Road 2011, about south-southwest of Lakeport.HistoryAs a young man, Captain Bill McDonald of the Texas Rangers operated a small store at Brown's Bluff on the Sabine in Gregg County, Texas.