Active Listing  ·  62 days on market

23729 Misted Grass Dr

Elgin, TX 78621
$271,599
3 Bed 2 Bath 1,657 sqft $164/sqft Built 2026 0.10 acres 2-Car Garage Pool Elm Creek
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About This Home

The Rio - This new three-bedroom home offers convenient single-floor living. An open-concept floorplan combines the kitchen, living and dining areas with access to a covered patio for seamless entertaining and multitasking. Three bedrooms are tucked away to the side of the home for enhanced comfort and privacy, including the luxe owner’s suite with a spa-inspired 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 $164/sqft, this home is 28% 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

23729 Misted Grass Dr, Elgin, TX 78621

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Property Details

Price $271,599
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,657 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 $164/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246566112
List Date September 11, 2026
Elementary School Neidig
Middle School Elgin
High School Elgin
School District Elgin ISD

School District

Elgin ISD

Neidig · Elgin · Elgin

Have Questions About This Property?

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 11, 2026 $268,499
Previous ask $271,499
Current ask $271,599
▲ Increased $3,100 (+1.2%) 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
23716 Glowing Embers Dr
Elm Creek $269,999 $125 4 bd / 2 ba 2,162 sqft , 2026-09-08
23908 Stagg St
Elm Creek $269,999 $125 4 bd / 2 ba 2,162 sqft , 2026-10-07
23800 Grackle Cv
Elm Creek $263,599 $175 3 bd / 2 ba 1,510 sqft , 2026-10-08
23904 Stagg St
Elm Creek $260,999 $138 4 bd / 2 ba 1,891 sqft , 2026-09-28
24009 Stagg St
Elm Creek $283,249 $149 3 bd / 2 ba 1,904 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
$1,304/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
$54,320
20% conventional investment loan

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

Estimated Gross Rent+$1,304
Principal + Interest−$1,482
Property Tax (assumed ~2.1%)−$475
Insurance (assumed ~0.5%)−$113
Est. Monthly Cash Flow $-766

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 2, 2026.

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

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