$4,995,000
 $26,814 est/mo Sourced by Back At You

175 Eastwood Ln,San Marcos, TX 78666

San Marcos, TX 78666

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Description

Scale & Optionality: At ~28 acres near Texas State, the site has strong long-term potential for multifamily or student housing development. The conceptual layout suggests capacity for a large-scale project, though most developers will likely underwrite a reduced density scenario initially. Infrastructure Considerations: Based on the utility maps, water and wastewater will need to be extended to the site, and the property sits in the San Marcos ETJ. Developers will typically factor those infrastructure costs and entitlement risk into their land basis. Developer Underwriting: When applying current construction costs, cap rates, and typical land residual assumptions for multifamily in the San Marcos market, most developers will likely build closer to 650-800 units rather than maxing out the 1,000+ units.

Details

MLS #7163656
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site138
Listing Provided ByeXp Realty, LLC | Soomin Kim

Features

Acreage37.83
Water FrontYes
Property ViewRural, Trees, Woods

Exterior

Lot FeaturesAgricultural, Cleared, Few Trees, Level, Trees-Moderate

Utilities

UtilitiesCable Available, Electricity Available, Sewer Available, Water Available
SewerPublic Sewer

Other

List AorAustin Board Of Realtors

Taxes

Property23332

Area Information

StateTX
CountyHays
CitySan Marcos
Zip Code78666
AreaHS
Community NameTBD
School DistrictSanMarcosCONSISD
Elementary SchoolRodriguez (San Marcos ISD)
High SchoolSan Marcos
Listing VS Median (in TBD)
Price:
$4,995,000
low | high
Med:
$586,000
100% of Average
On site:
138
low | high
Med:
235
58.723404255319% of Average
Sourced by Back At You

Market Activity 78666

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 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 31, 2026 at 9:45:30 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTX
CountyHays
CitySan Marcos
Zip Code78666
AreaHS
Community NameTBD
School DistrictSanMarcosCONSISD
Elementary SchoolRodriguez (San Marcos ISD)
High SchoolSan Marcos
Listing VS Median (in TBD)
Price:
$4,995,000
low | high
Med:
$586,000
100% of Average
On site:
138
low | high
Med:
235
58.723404255319% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $3.746M - $6.243M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
130 Algarita Rd Property Photo 1
$1,450
130 Algarita Rd
San Marcos, TX 78666
105 JUNIPER CT Property Photo 1
$410,000
105 Juniper Ct
San Marcos, TX 78666
Listing Updated: August 5, 2026 at 7:06:19 PM PDT
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