Active Listing  ·  43 days on market

189 Tolo Dr

Elgin, TX 78621
$298,455
3 Bed 2 Bath 1,587 sqft $188/sqft Built 2026 0.11 acres 2-Car Garage Pool New Construction Trinity Ranch

MLS# 8649160 - Built by Century Communities - Ready Now! ~ Contemporary single-family residence in the Trinity Ranch subdivision, under construction with estimated completion 10-31-2026. This 1,587 sq ft plan offers 3 bedrooms, including a primary suite, and 2 full bathrooms. Built 2026 with a slab foundation and composition shingle roof. Open floorplan with a kitchen island, pantry and recessed lighting flowing into the dining and living areas. Interior includes carpet and vinyl flooring, walk-in closet(s) in the primary bedroom, storage, and wiring for data. Smart home features include a smart thermostat. Laundry hookups for washer and electric dryer are provided. Low flow plumbing fixtures installed. Mechanical systems include central heating and central air conditioning; exhaust fan present in bath areas. Two-car garage. Exterior highlights include a private backyard, exterior lighting and curbs at the lot. Estimated construction stage: incomplete; please confirm status and timing with builder or listing agent. Located in Elgin ISD (Elgin Elementary, Elgin Middle, Elgin High).

At $188/sqft, this home is 18% 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

189 Tolo Dr, Elgin, TX 78621

Property Details

Price $298,455
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,587 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 $188/sqft
Days on Market ,
HOA $625/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT248398007
List Date September 30, 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 · September 30, 2026 $305,250
Previous ask $294,905
Current ask $298,455
▼ Reduced $6,795 (-2.2%) 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
204 Hornet St
Trinity Ranch
$297,495 $181 4 bd / 3 ba 1,648 sqft , 2026-05-16
103 Two Bits None
Trinity Ranch
$297,450 $175 3 bd / 2 ba 1,698 sqft , 2026-06-15
107 Jim Dandy Dr
Saratoga Farms Sub
$299,900 $203 3 bd / 2 ba 1,476 sqft , 2026-06-24
102 Hornet St
Trinity Ranch
$299,990 $177 3 bd / 2 ba 1,698 sqft , 2026-01-26
169 Tolo Dr
Trinity Ranch
$299,990 $177 3 bd / 2 ba 1,698 sqft , 2026-03-14

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
$1,433/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
$59,691
20% conventional investment loan

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

Estimated Gross Rent+$1,433
Principal + Interest−$1,629
Property Tax (assumed ~2.1%)−$522
Insurance (assumed ~0.5%)−$124
Est. Monthly Cash Flow $-842

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 12, 2026.

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

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