About This Home

The Bergen - This new single-level home offers a modern and low-maintenance layout. An open-concept floorplan blends the kitchen, living and dining areas to maximize interior space, with access to a covered patio for simple entertaining and multitasking. All four bedrooms are tucked away to the side of the home, including the luxe owner’s suite with a full bathroom and walk-in closet. Photos are for illustrative purposes only. Estimated Completion January 2027. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $158/sqft, this home is 31% 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

23725 Misted Grass Dr, Elgin, TX 78621

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Property Details

Price $284,099

Status Active Listing

Beds 4

Full Baths 3

Half Baths ,

Living Area 1,802 sqft

Lot Size 0.10 acres (4,356 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Elm Creek

County Travis

Zip Code 78621

$/sqft $158/sqft

Days on Market ,

HOA $55/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT248295160

List Date September 29, 2026

Elementary School Neidig

Middle School Elgin

High School Elgin

School District Elgin ISD

School District

Elgin ISD

Neidig · Elgin · Elgin

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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 29, 2026 $287,999

Previous ask $283,999

Current ask $284,099

▼ Reduced $3,900 (-1.4%) 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

24009 Stagg St
Elm Creek $283,249 $149 3 bd / 2 ba 1,904 sqft , 2026-09-22

23733 Misted Grass Dr
Elm Creek $285,099 $158 4 bd / 3 ba 1,802 sqft , 2026-08-28

23620 Skyrocket St
Elm Creek $286,599 $133 4 bd / 3 ba 2,149 sqft , 2026-10-13

23516 Skyrocket St
Elm Creek $287,499 $134 4 bd / 3 ba 2,149 sqft , 2026-07-28

12800 Starbrimson Trl
Elm Creek Sec 01 $292,000 $162 3 bd / 2 ba 1,799 sqft , 2026-10-24

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

$1,364/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

$56,820

20% conventional investment loan

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

Estimated Gross Rent+$1,364

Principal + Interest−$1,550

Property Tax (assumed ~2.1%)−$497

Insurance (assumed ~0.5%)−$118

Est. Monthly Cash Flow $-801

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 November 2, 2026.

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

23725 Misted Grass Dr

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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