Active Listing  ·  94 days on market

123 Saranac Dr

Elgin, TX 78621
$215,000
3 Bed 2 Bath 1,274 sqft $169/sqft Built 2018 0.16 acres 2-Car Garage Pool Saratoga Farms Sub Sec

$10,000 INCENTIVE FOR CLOSING OR RATE BUY DOWN!!!

There's something special about a home that just feels easy to live in, and 123 Saranac Drive is exactly that. This move in ready 3-bedroom, 2-bathroom home offers a comfortable, functional layout with abundant natural light!

The open-concept living, dining, and kitchen areas create a bright, welcoming space that's perfect for entertaining or simply enjoying everyday life. The spacious backyard offers plenty of room to relax, garden, play, or host gatherings, giving you the flexibility to make it your own.

Located in the growing community of Elgin, this home offers small-town charm with everyday convenience. Enjoy easy access to local schools, shopping, dining, and a convenient commute to Samsung, Tesla, and SpaceX, making it an excellent choice for those working in Central Texas' expanding technology and manufacturing corridor.

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

123 Saranac Dr, Elgin, TX 78621

Property Details

Price $215,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,274 sqft
Lot Size 0.16 acres (7,143.84 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Saratoga Farms Sub Sec
County Bastrop
Zip Code 78621
$/sqft $169/sqft
Days on Market ,
HOA $50/Quarterly
Annual Tax Est. $6,569.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242443761
List Date August 10, 2026
Elementary School Elgin
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Elgin · Elgin · Elgin

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 · August 10, 2026 $240,000
Previous ask $225,000
Current ask $215,000
▼ Reduced $25,000 (-10.4%) 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
504 W 2nd St
Elgin City
$224,999 $213 2 bd / 1 ba 1,054 sqft , 2025-05-01
207 Wilderness Trl
Shenandoah Sub Ph T
$204,900 $142 3 bd / 2 ba 1,445 sqft , 2026-10-23
102 Stubblefield Dr
Elgin Meadows
$199,500 $121 3 bd / 2 ba 1,647 sqft , 2026-01-26
332 Bendecido Loop
Trinity Ranch
$234,905 $211 3 bd / 2 ba 1,113 sqft , 2025-10-13
709 W 11TH St
SUNSET HEIGHTS
$245,000 $175 3 bd / 1 ba 1,400 sqft , 2026-02-26

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
$1,032/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
$43,000
20% conventional investment loan

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

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (assumed ~2.1%)−$376
Insurance (assumed ~0.5%)−$90
Est. Monthly Cash Flow $-607

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 October 23, 2026.

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

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