About This Home

MLS# 5832933 - Built by Trophy Signature Homes - Ready Now! ~ The strength of the Oak lies in its majestic design. It's simplicity itself to rustle up dinner in the gourmet kitchen featuring quartz countertops, stainless steel appliances and a center island. The dining room is steps away but separate from the wide living room. After dinner, throw down a video game challenge. The game room has become a comfortable flex room that easily transitions from home office to media room. Tuck into bed then retreat downstairs to your luxurious primary suite. Enjoy the peace and quiet.

At $141/sqft, this home is 38% 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

187 Hornet St, Elgin, TX 78621

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Property Details

Price $323,990

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 2,299 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 $141/sqft

Days on Market ,

HOA $156/Quarterly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT241575734

List Date July 29, 2026

Elementary School Elgin

Middle School Elgin

High School Elgin

School District Elgin ISD

School District

Elgin ISD

Elgin · 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 · July 29, 2026 $329,990

Previous ask $326,990

Current ask $323,990

▼ Reduced $6,000 (-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

210 Hornet St
Trinity Ranch $321,990 $140 4 bd / 3 ba 2,299 sqft , 2026-05-16

155 Hornet St
Trinity Ranch $321,735 $161 4 bd / 3 ba 2,003 sqft , 2026-08-10

149 Hornet St
Trinity Ranch $326,845 $144 4 bd / 3 ba 2,262 sqft , 2026-06-15

165 Tolo Dr
Trinity Ranch $320,585 $160 4 bd / 3 ba 2,003 sqft , 2026-08-05

152 Hornet St
Trinity Ranch $330,320 $138 4 bd / 3 ba 2,396 sqft , 2026-08-10

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

$1,555/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

$64,798

20% conventional investment loan

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

Estimated Gross Rent+$1,555

Principal + Interest−$1,768

Property Tax (assumed ~2.1%)−$567

Insurance (assumed ~0.5%)−$135

Est. Monthly Cash Flow $-915

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

About the Author

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 20, 2026.

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

187 Hornet St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Elgin, TX

More Luxury Homes in Elgin

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