Active Listing  ·  154 days on market

19300 Bear Grass Dr

Elgin, TX 78621
$274,900
3 Bed 3 Bath 1,859 sqft $148/sqft Built 2021 0.20 acres 2-Car Garage Pool Peppergrass Ph 1C

Incredible value on this move-in ready 3-bed, 2.5-bath, 1,859 sq. ft. home sitting on one of the neighborhood's largest corner lots. The open living area flows seamlessly into an upgraded kitchen featuring granite counters, a large island, walk-in pantry, a new custom stainless steel sink with a tall faucet, and fresh cabinet hardware. The private main-floor primary suite boasts a walk-in closet and upgraded custom mirrors. Upstairs delivers a versatile game room, full bath, and two bedrooms. Entertain on the covered patio overlooking the massive, fully-sprinklered backyard. Packed with premium finishes and clever under-stair storage, this turnkey gem is a rare find. To make this deal even better, the new ELECTRIC built-in FIREPLACE, WALL-MOUNTED TV, kitchen REFRIGIRAOR, and backyard SWING SET will ALL CONVEY with an acceptable offer!

At $148/sqft, this home is 35% 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

19300 Bear Grass Dr, Elgin, TX 78621

Property Details

Price $274,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,859 sqft
Lot Size 0.20 acres (8,929.8 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Peppergrass Ph 1C
County Bastrop
Zip Code 78621
$/sqft $148/sqft
Days on Market ,
HOA $360/Annually
Annual Tax Est. $7,999.09
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235926624
List Date June 11, 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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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 · June 11, 2026 $309,000
Previous ask $279,000
Current ask $274,900
▼ Reduced $34,100 (-11.0%) 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
13605 Endless Narrow Ln
Briarwood
$275,000 $171 3 bd / 2 ba 1,604 sqft , 2025-04-14
14521 Gurneys Eagle Dr
Eagles Landing Ph 01
$275,000 $146 4 bd / 2 ba 1,878 sqft , 2026-10-16
14705 Wahlbergs Way
Eagles Landing
$276,900 $212 3 bd / 2 ba 1,305 sqft , 2026-06-09
14505 Wahlbergs Way
Eagles Landing
$276,900 $212 3 bd / 2 ba 1,305 sqft , 2026-08-21
113 Bexar Forest Cv
county line
$278,000 $126 3 bd / 3 ba 2,214 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
$1,320/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
$54,980
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,500
Property Tax (assumed ~2.1%)−$481
Insurance (assumed ~0.5%)−$115
Est. Monthly Cash Flow $-776

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 19, 2026.

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

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