Active Listing  ·  14 days on market

423 Lucky Ave

Elgin, TX 78621
$253,485
3 Bed 2 Bath 1,388 sqft $183/sqft Built 2026 0.11 acres 2-Car Garage Pool Trinity Ranch

MLS# 9191409 - Built by Century Communities - Dec 2026 completion! ~ The aptly named Maverick floor plan at The Ridge at Trinity Ranch is a standout in both style and functionality. A charming porch entry leads to a spacious open kitchen, showcasing both a walk-in pantry and a center island that’s ideal for everything from food prep to entertaining. A dining room is steps away, leading into an inviting great room. The primary bedroom is off of the great room, showcasing a walk-in closet and an attached bath. Two additional bedrooms and another bath round out this attractive floor plan, which also includes a 2-bay garage and covered patio.

At $183/sqft, this home is 20% 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

423 Lucky Ave, Elgin, TX 78621

Property Details

Price $253,485
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,388 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trinity Ranch
County Bastrop
Zip Code 78621
$/sqft $183/sqft
Days on Market ,
HOA $625/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251230311
List Date October 29, 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.

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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 · October 29, 2026 $290,105
Previous ask $249,990
Current ask $253,485
▼ Reduced $36,620 (-12.6%) 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
222 Hornet St
Trinity Ranch
$259,990 $216 3 bd / 2 ba 1,202 sqft , 2026-05-26
709 W 11TH St
SUNSET HEIGHTS
$245,000 $175 3 bd / 1 ba 1,400 sqft , 2026-02-26
444 Lucky Ave
Trinity Ranch
$262,935 $205 3 bd / 2 ba 1,283 sqft , 2026-01-21
270 Bendecido Loop
Trinity Ranch
$262,965 $177 3 bd / 2 ba 1,482 sqft , 2025-07-23
106 Four Star Dr
Saratoga Farms Sub Sec
$270,000 $171 3 bd / 3 ba 1,582 sqft , 2026-11-03

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
$1,217/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
$50,697
20% conventional investment loan

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

Estimated Gross Rent+$1,217
Principal + Interest−$1,383
Property Tax (assumed ~2.1%)−$444
Insurance (assumed ~0.5%)−$106
Est. Monthly Cash Flow $-716

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 10, 2026.

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

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