For sale
$4,995,000
175 Eastwood Ln
San Marcos, TX 78666
- 0 beds
- 0 baths
- 37.8 acres
Listing courtesy of eXp Realty, LLC · (888) 519-7431 · MLS# 7163656 · Status: Active
About this property
• 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.
Description provided by the listing brokerage.
Facts
- Property type
- Land · Unimproved Land
- Lot size
- 37.8 acres
- Annual taxes
- $23,332
- County
- Hays
- Neighborhood
- TBD
- School district
- SanMarcosCONSISD
- Schools
- Rodriguez (San Marcos ISD) · Miller · San Marcos
Features
- View
- Rural, Trees/Woods
- Sewer
- Public Sewer
- Utilities
- Cable Available, Electricity Available, Sewer Available, Water Available
- Lot
- Agricultural, Cleared, Few Trees, Level, Trees-Moderate
- Water
- Public
- Horse amenities
- None
- Community
- Gated
- Waterfront
- None
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of November 15, 2026 at 4:38 PM CT. 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.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and its use may be subject to an end user license agreement prescribed by the applicable MLS. Some IDX listings have been excluded from this website. Any use or search of this website other than by a consumer looking to purchase or lease real estate is prohibited. Terms of use