Active Listing  ·  99 days on market

159 Hornet St

Elgin, TX 78621
$342,880
4 Bed 3 Bath 2,512 sqft $136/sqft Built 2026 0.11 acres 2-Car Garage Pool Trinity Ranch

MLS# 8140329 - Built by Century Communities - Oct 2026 completion! ~ Wake up every day in your dream home with the Willow floor plan! This standout plan offers a main-floor primary suite, a restful haven with a private bath and an oversized walk-in closet. Adjacent, an open layout showcases a sunlit great room, a dining area, and an impressive kitchen with a center island and a walk-in pantry. It’s the perfect space for entertaining and everyday moments. Upstairs, there are three additional bedrooms—each with its own walk-in closet! You’ll also find a versatile loft area and a shared bath. Includes a 2-bay garage and covered patio.

At $136/sqft, this home is 40% 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

159 Hornet St, Elgin, TX 78621

Property Details

Price $342,880
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,512 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trinity Ranch
County Bastrop
Zip Code 78621
$/sqft $136/sqft
Days on Market ,
HOA $625/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242449339
List Date August 5, 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 5, 2026 $349,205
Previous ask $339,205
Current ask $342,880
▼ Reduced $6,325 (-1.8%) 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
238 Bendecido Loop
Trinity Ranch
$342,390 $140 5 bd / 3 ba 2,439 sqft , 2026-09-01
419 Lucky Ave
Trinity Ranch
$342,390 $151 4 bd / 3 ba 2,262 sqft , 2026-10-29
185 Hornet St
Trinity Ranch
$341,990 $133 5 bd / 3 ba 2,563 sqft , 2026-07-28
244 Bendecido Loop
Trinity Ranch
$344,395 $141 5 bd / 3 ba 2,439 sqft , 2026-09-01
214 Saranac Dr
Saratoga Farms Sub Sec
$340,000 $141 3 bd / 3 ba 2,403 sqft , 2026-06-16

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
$1,646/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
$68,576
20% conventional investment loan

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

Estimated Gross Rent+$1,646
Principal + Interest−$1,871
Property Tax (assumed ~2.1%)−$600
Insurance (assumed ~0.5%)−$143
Est. Monthly Cash Flow $-968

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 11, 2026.

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

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