Active Listing  ·  92 days on market

255 Spirit St

Elgin, TX 78621
$285,000
3 Bed 2 Bath 1,288 sqft $221/sqft Built 2024 0.13 acres 2-Car Garage Pool Trinity Ranch

Welcome to 255 Spirit St., a nearly new 3-bedroom, 2-bath Century Communities home in Trinity Ranch. Built just two years ago, this home features a spacious open floor plan, island kitchen with granite countertops and stainless steel appliances, abundant natural light, generously sized bedrooms, and a large fenced backyard.

Enjoy the benefits of a master-planned community with a neighborhood pool and elementary school, plus remaining structural warranty coverage.

Motivated seller! Seller is willing to contribute toward buyer closing costs and other concessions with an acceptable offer, creating a great opportunity for buyers looking to reduce their upfront expenses. Schedule your showing today!

At $221/sqft, this home is 3% 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

255 Spirit St, Elgin, TX 78621

Property Details

Price $285,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,288 sqft
Lot Size 0.13 acres (5,662.8 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trinity Ranch
County Bastrop
Zip Code 78621
$/sqft $221/sqft
Days on Market ,
HOA $156/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241919327
List Date August 12, 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.

Schedule a Call →

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 · August 12, 2026 $295,000
Current ask $285,000
▼ Reduced $10,000 (-3.4%) 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
160 Hornet St
Trinity Ranch
$289,540 $182 4 bd / 2 ba 1,587 sqft , 2026-08-12
171 Tolo Dr
Trinity Ranch
$289,990 $183 4 bd / 2 ba 1,587 sqft , 2026-03-14
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
148 Gullivers Dr
Trinity Ranch Ph 1, Sec
$275,000 $175 3 bd / 2 ba 1,567 sqft , 2026-03-25

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
$1,368/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
$57,000
20% conventional investment loan

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

Estimated Gross Rent+$1,368
Principal + Interest−$1,555
Property Tax (assumed ~2.1%)−$499
Insurance (assumed ~0.5%)−$119
Est. Monthly Cash Flow $-805

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 14, 2026.

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

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