Active Listing  ·  232 days on market

148 Gullivers Dr

Elgin, TX 78621
$275,000
3 Bed 2 Bath 1,567 sqft $175/sqft Built 2023 0.17 acres 2-Car Garage Pool Trinity Ranch Ph 1, Sec

***********SHORT SALE OPPORTUNITY*************

Situated at 148 Gullivers DR in Elgin, TX, this single-family residence, built in 2023, embodies an attractive property in great condition, poised to provide an outstanding living experience. The culinary heart of this residence, the kitchen, presents a sophisticated design with pristine stone countertops and stylish shaker cabinets, all beautifully accented by a tasteful backsplash. A generously sized kitchen island stands ready for elaborate meal preparation or casual morning gatherings, while an integrated kitchen bar offers additional convenience for dining and conversation. In the living room, a welcoming fireplace creates an inviting atmosphere for tranquil evenings and moments of quiet contemplation. The well-appointed bathroom offers a spa-like retreat, featuring a practical double vanity for enhanced convenience and a beautifully tiled walk-in shower that promises a refreshing and invigorating start or end to any day. The residence, built in 2023, embraces a thoughtfully designed open floor plan, fostering an expansive and light-filled atmosphere throughout its primary living areas. Beyond the interior, a charming porch extends a warm invitation, while a private patio provides an ideal setting for outdoor relaxation, all complemented by a securely fenced backyard. This well-appointed property further includes three comfortable bedrooms, two complete bathrooms, and two dedicated garage spaces, ensuring practical comfort and convenience. Discover the refined comfort and practical elegance awaiting you in this meticulously designed residence, offering a truly exceptional living experience in Elgin, TX.

At $175/sqft, this home is 23% 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

148 Gullivers Dr, Elgin, TX 78621

Property Details

Price $275,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,567 sqft
Lot Size 0.17 acres (7,187.4 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trinity Ranch Ph 1, Sec
County Bastrop
Zip Code 78621
$/sqft $175/sqft
Days on Market ,
HOA $156.25/Quarterly
Annual Tax Est. $8,899.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT223130622
List Date March 25, 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 · March 25, 2026 $320,000
Previous ask $260,000
Current ask $275,000
▼ Reduced $45,000 (-14.1%) 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
110 W Point Way
Saratoga Farms Sub Sec
$275,000 $186 3 bd / 2 ba 1,479 sqft , 2026-10-06
214 Hornet St
Trinity Ranch
$274,990 $214 3 bd / 2 ba 1,283 sqft , 2026-05-15
181 Hornet St
Trinity Ranch
$271,990 $212 3 bd / 2 ba 1,283 sqft , 2026-07-28
104 Cates Cv
Saratoga Farms
$279,900 $181 3 bd / 3 ba 1,547 sqft , 2026-09-17
106 Four Star Dr
Saratoga Farms Sub Sec
$270,000 $171 3 bd / 3 ba 1,582 sqft , 2026-11-03

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (assumed ~2.1%)−$481
Insurance (assumed ~0.5%)−$115
Est. Monthly Cash Flow $-777

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 22, 2026.

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

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