Active Listing  ·  9 days on market

204 W Point Way

Elgin, TX 78621
$295,000
3 Bed 3 Bath 1,629 sqft $181/sqft Built 2019 0.14 acres 2-Car Garage Pool Saratoga Farms Sub Sec

This home offers a wonderful balance of comfort, quality, and location. The kitchen features beautiful granite countertops, while the upstairs bathrooms are finished with quartz countertops, providing both style and durability. The surrounding community reflects the best of small-town living, where neighbors know each other, local businesses support one another, and there is always something happening to bring people together. Elgin is collaborative, welcoming, and fun. Just minutes away, Elgin's vibrant historic downtown offers locally owned shops, restaurants, coffee spots, live music, festivals, and community events throughout the year. Downtown serves as the heart of the community - a place where people gather, connect, and celebrate what makes Elgin unique. The location is a standout highlight. The home is within walking distance of the future Aviators development, an exciting project that will include an amphitheater, retail shops, restaurants, and gathering spaces. It's a rare opportunity to be steps from one of Elgin's most anticipated destinations while still enjoying the charm and character the area is known for. Elgin offers the convenience of proximity to Austin while maintaining a more relaxed pace of life, strong community connections, and a rich sense of history. The unique combination of small-town charm, a thriving downtown, and exciting future opportunities makes this an exceptional place to live.

At $181/sqft, this home is 21% 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

204 W Point Way, Elgin, TX 78621

Property Details

Price $295,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,629 sqft
Lot Size 0.14 acres (6,054.84 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Saratoga Farms Sub Sec
County Bastrop
Zip Code 78621
$/sqft $181/sqft
Days on Market ,
HOA $50/Quarterly
Annual Tax Est. $6,568.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251605217
List Date November 3, 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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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
153 Hornet St
Trinity Ranch
$295,540 $186 4 bd / 2 ba 1,587 sqft , 2026-07-13
191 Hornet St
Trinity Ranch
$292,990 $178 4 bd / 3 ba 1,648 sqft , 2026-07-29
211 Hornet St
Trinity Ranch
$292,990 $178 4 bd / 3 ba 1,648 sqft , 2026-07-29
204 Hornet St
Trinity Ranch
$297,495 $181 4 bd / 3 ba 1,648 sqft , 2026-05-16
189 Tolo Dr
Trinity Ranch
$298,455 $188 3 bd / 2 ba 1,587 sqft , 2026-09-30

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
$1,416/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
$59,000
20% conventional investment loan

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

Estimated Gross Rent+$1,416
Principal + Interest−$1,610
Property Tax (assumed ~2.1%)−$516
Insurance (assumed ~0.5%)−$123
Est. Monthly Cash Flow $-833

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 4, 2026.

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

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