Active Listing  ·  22 days on market

18005 Prairie Verbena Ln

Elgin, TX 78621
$229,995
3 Bed 2 Bath 1,442 sqft $159/sqft Built 2009 0.16 acres 2-Car Garage Pool Elm Creek Sec 5A

Your Elgin address is ready, and Austin gets closer while living in small-town vibe community! This 3-bedroom, 2-full bath home with a 2-car garage sits on a generous 7,078 sq ft lot in the Elm Creek community. Inside, 1,442 square feet give you room to spread out, host game night, or set up that home office you’ve been dreaming about. Step outside and you’re in a neighborhood made for getting out: an exclusive community pool for hot Texas days, playgrounds, parks, and walking and biking trails right at your doorstep. Then explore Elgin, the Sausage Capital of Texas! Grab a plate at Southside Market or Meyer’s Elgin Smokehouse, wander the Elgin Farmers’ Market, and stroll historic downtown Main Street with its brick storefronts, murals, and local shops. Craving adventure? McKinney Roughs Nature Park, Bastrop State Park, and Lake Bastrop are a short drive away. About 25 miles from downtown Austin via US-290, with SH-130 nearby. Small-town charm with big-city access - don't miss your chance to own this home!

At $159/sqft, this home is 30% 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

18005 Prairie Verbena Ln, Elgin, TX 78621

Property Details

Price $229,995
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,442 sqft
Lot Size 0.16 acres (7,078.5 sqft)
Year Built 2009
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Elm Creek Sec 5A
County Travis
Zip Code 78621
$/sqft $159/sqft
Days on Market ,
HOA $110/Quarterly
Annual Tax Est. $6,399.34
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250481254
List Date October 21, 2026
Elementary School Neidig
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Neidig · 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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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
23609 FIRELIGHT Dr
Elm Creek
$232,849 $148 4 bd / 2 ba 1,575 sqft , 2026-10-02
13100 Winecup Mallow Trl
Elm Creek Sec 01
$226,500 $190 2 bd / 2 ba 1,194 sqft , 2026-09-05
23713 GRACKLE Cv
Elm Creek
$233,849 $148 4 bd / 2 ba 1,575 sqft , 2026-10-22
23900 Stagg St
Elm Creek
$233,999 $159 3 bd / 2 ba 1,474 sqft , 2026-09-11
13301 PAINTED NIGHT Rd
Elm Creek
$225,849 $141 4 bd / 2 ba 1,600 sqft , 2026-09-02

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
$1,104/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
$45,999
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (assumed ~2.1%)−$402
Insurance (assumed ~0.5%)−$96
Est. Monthly Cash Flow $-649

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 10, 2026.

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

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