Active Listing  ·  188 days on market

116 Blue Ridge Trl

Elgin, TX 78621
$219,000
3 Bed 2 Bath 1,296 sqft $169/sqft Built 2001 0.15 acres 2-Car Garage Pool Shenandoah Ph 01
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About This Home

Welcome Home! Lots of Windows and Natural Light! Spacious Living Area. Great Layout! Finished Garage. Bring your special touches and make it your own! Huge Back Yard! Seller is offering $4000 in closing cost with a full price offer. It recently appraised at $235,000 in June of 2026. Instant equity!

At $169/sqft, this home is 26% below the Elgin active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

116 Blue Ridge Trl, Elgin, TX 78621

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Property Details

Price $219,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,296 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 2001
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shenandoah Ph 01
County Bastrop
Zip Code 78621
$/sqft $169/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,861.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229242615
List Date May 8, 2026
Elementary School Booker T Washington
Middle School Elgin
High School Elgin
School District Elgin ISD

School District

Elgin ISD

Booker T Washington · Elgin · Elgin

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Elgin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · May 8, 2026 $247,000
Previous ask $235,000
Current ask $219,000
▼ Reduced $28,000 (-11.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Elgin

Comparable Listings Right Now

Homes currently for sale in Elgin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
12317 Token Trl
Peppergrass Ph 2 $227,900 $175 3 bd / 2 ba 1,299 sqft , 2026-07-17
322 McClendon Dr
Elgin Meadows $209,000 $142 4 bd / 2 ba 1,469 sqft , 2026-10-20
181 Cider Creek Dr
Harvest Ridge $229,160 $161 3 bd / 3 ba 1,419 sqft , 2026-06-05
113 Hays Forest Cv
County Line Ph I $204,900 $118 3 bd / 3 ba 1,738 sqft , 2026-09-30
207 Wilderness Trl
Shenandoah Sub Ph T $204,900 $142 3 bd / 2 ba 1,445 sqft , 2026-10-23

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,051/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$43,800
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$1,051
Principal + Interest−$1,195
Property Tax (assumed ~2.1%)−$383
Insurance (assumed ~0.5%)−$91
Est. Monthly Cash Flow $-618

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Elgin, TX

Elgin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 7, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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