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$491,374

124 Meadows Dr, Elgin, TX, 78621

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,740 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$344.77 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size4.05 acres

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR11694
Lot Number29
SubdivisionS6560 - Lazy River Acres
Land UseResidential
Legal DescriptionLAZY RIVER ACRES, LOT 29, ACRES 4.05
Census Tract950101
Assessed Land Value$248,555
Assessed Improvement Value$242,819
Assessment Year2025

About this property

PRE-INSPECTED! Check MLS docs. Rarely does an opportunity like this come around! This stunning estate located at 124 Meadows Drive in Elgin, TX sits on 4 acres of land with access to the Colorado River. Just 30 minutes outside of Austin at the southern tip of Elgin, and a stones throw to the Longtime baseball and entertainment complex in Webberville, this property offers peace and quiet while remaining an easy commute to downtown, Ladybird Trail, The Domain, the NW Austin Tech Corridor, F1 COTA, and the new Tesla factory. A truly original 1970s ranch style home with an open floor plan and vaulted ceilings in the living room complete with beautiful wood beams. This home is ready for your vision and updates that will bring it to life. The land is vast with tons of gorgeous Pecan trees and creative possibilities! Host family reunions, rent it out for events, on HipCamp, build another dwelling, or use your imagination with the several water hookups located throughout the property. Lounge next to the sparkling in-ground pool or enjoy views of the Colorado River from the large screened in back porch. Wildlife is abundant - with deer, red birds, woodpeckers, hummingbirds, squirrels, armadillos, and lightning bugs making frequent appearances. The voluntary neighborhood association keeps residents informed about the area and hosts several gatherings throughout the year. This is an incredibly unique opportunity to own a "little piece of Texas" and make unforgettable memories with family and friends.

Investor Tools

Property Icon
$491,374
Estimated Property Value
$275,000Estimated Mortgage Balance
$231,502Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,599 /month
Positive
Cash Flow Estimate:
$1,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$877/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,069
$491,374
2025
$248,555
$242,819
$491,374
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,069
$491,374

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$275,000
No
First
May 11, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,317
$231,057
47%
53%
$1,649/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,649/mo
+$439/mo
5.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Elgin

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124 Meadows Dr | Property Details | No Agent List