About This Home

NEW CONSTRUCTION BY PULTE HOMES! Complete and ready! The 4 bedroom, one-story Chatfield plan has a great open concept design with island kitchen that overlooks its cafe and gathering area. One of the lowest Tax Rates in Elgin Tx!

At $156/sqft, this home is 32% 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

408 Sullivan Way, Elgin, TX 78621

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Property Details

Price $299,990

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,924 sqft

Lot Size 0.12 acres (5,357.88 sqft)

Year Built 2025

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Larson Crossing

County Bastrop

Zip Code 78621

$/sqft $156/sqft

Days on Market ,

HOA $35/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT206600257

List Date September 15, 2025

Elementary School Harvest Ridge

Middle School Elgin

High School Elgin

School District Elgin ISD

School District

Elgin ISD

Harvest Ridge · 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 15, 2025 $342,240

Previous ask $305,390

Current ask $299,990

▼ Reduced $42,250 (-12.3%) 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

107 Jim Dandy Dr
Saratoga Farms Sub $299,900 $203 3 bd / 2 ba 1,476 sqft , 2026-06-24

120 Eagle Valley Dr
Larson Crossing $305,120 $150 4 bd / 3 ba 2,029 sqft , 2026-10-29

724 Lavaca Loop
County Line Sub Ph $307,000 $132 4 bd / 3 ba 2,334 sqft , 2026-08-21

165 Barley Ln
Harvest Ridge $308,040 $159 4 bd / 2 ba 1,937 sqft , 2026-10-28

124 Eagle Valley Dr
Larson Crossing $290,813 $164 4 bd / 2 ba 1,776 sqft , 2026-10-29

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

$1,440/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

$59,998

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (assumed ~2.1%)−$525

Insurance (assumed ~0.5%)−$125

Est. Monthly Cash Flow $-847

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 11, 2026.

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

408 Sullivan Way

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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