Active Listing  ·  10 days on market

23821 Grackle Cv

Elgin, TX 78621
$306,599
4 Bed 3 Bath 2,288 sqft $134/sqft Built 2027 0.05 acres 2-Car Garage Pool Elm Creek

The Bryce - This new two-story home is host to an inviting and spacious open-concept layout on the first floor, complete with access to a covered patio for effortless entertaining and multitasking. Two bedrooms are tucked away to the side of the home, including the lavish owner’s suite with a full bathroom and walk-in closet. A versatile game room is located on the second floor near two additional bedrooms. 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 $134/sqft, this home is 41% 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

23821 Grackle Cv, Elgin, TX 78621

Property Details

Price $306,599
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,288 sqft
Lot Size 0.05 acres (2,178 sqft)
Year Built 2027
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Elm Creek
County Travis
Zip Code 78621
$/sqft $134/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251526158
List Date November 2, 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
23720 Grackle Cv
Elm Creek
$306,599 $134 4 bd / 3 ba 2,288 sqft , 2026-09-30
13708 Michter Rd
Elm Creek
$307,249 $139 4 bd / 3 ba 2,210 sqft , 2026-09-16
23713 Glowing Embers Dr
Elm Creek
$305,499 $138 4 bd / 3 ba 2,210 sqft , 2026-04-03
13705 Backbone Ln
Elm Creek
$303,999 $131 4 bd / 3 ba 2,314 sqft , 2026-06-26
24108 Stagg St
Elm Creek
$296,499 $147 4 bd / 2 ba 2,014 sqft , 2026-10-14

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
$1,472/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
$61,320
20% conventional investment loan

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

Estimated Gross Rent+$1,472
Principal + Interest−$1,673
Property Tax (assumed ~2.1%)−$537
Insurance (assumed ~0.5%)−$128
Est. Monthly Cash Flow $-866

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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