Active Listing  ·  20 days on market

207 Wilderness Trl

Elgin, TX 78621
$204,900
3 Bed 2 Bath 1,445 sqft $142/sqft Built 2002 0.16 acres 2-Car Garage Pool Shenandoah Sub Ph T

A hidden gem for buyers ready to roll up their sleeves! Sold AS IS and priced to reflect its condition, this single story brick home in Elgin offers an opportunity to renovate, personalize, and build equity. Listed well below appraisal district value, it’s ready for a handy buyer, contractor, or investor with a vision.

Vaulted ceilings open up the living and dining area, while a sunny bay window breakfast nook adds character to the kitchen. The primary suite features a garden tub, separate shower, and double vanity. An attached two car garage and an ample sized, fenced backyard round out the property.

The home needs updates and repairs throughout, including larger ticket items. Buyers are encouraged to complete inspections during the option period. Seller will make no repairs. Buyer and buyer’s agent to verify all information.

At $142/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

207 Wilderness Trl, Elgin, TX 78621

Property Details

Price $204,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,445 sqft
Lot Size 0.16 acres (6,969.6 sqft)
Year Built 2002
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Shenandoah Sub Ph T
County Bastrop
Zip Code 78621
$/sqft $142/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,907.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250354262
List Date October 23, 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
113 Hays Forest Cv
County Line Ph I
$204,900 $118 3 bd / 3 ba 1,738 sqft , 2026-09-30
322 McClendon Dr
Elgin Meadows
$209,000 $142 4 bd / 2 ba 1,469 sqft , 2026-10-20
102 Stubblefield Dr
Elgin Meadows
$199,500 $121 3 bd / 2 ba 1,647 sqft , 2026-01-26
123 Saranac Dr
Saratoga Farms Sub Sec
$215,000 $169 3 bd / 2 ba 1,274 sqft , 2026-08-10
224 Winnowing Ln
Harvest Ridge
$192,960 $167 3 bd / 3 ba 1,153 sqft , 2026-09-22

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
$984/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
$40,980
20% conventional investment loan

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

Estimated Gross Rent+$984
Principal + Interest−$1,118
Property Tax (assumed ~2.1%)−$359
Insurance (assumed ~0.5%)−$85
Est. Monthly Cash Flow $-578

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 27, 2026.

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

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