Active Listing  ·  0 days on market

1104 Gravel St

San Marcos, TX 78666
$450,000
3 Bed 2 Bath 1,476 sqft $305/sqft Built 2026 0.22 acres 2-Car Garage Pool New Construction Document No. 26009442

To Be Built. New construction opportunity in San Marcos' established City View subdivision, built by Vive Texas Homes. This one story, wood frame home offers 1,476 SF with 3 bedrooms and 2 bathrooms on a 0.215 acre lot. Open concept floor plan connects the great room, dining area, and kitchen, flowing out to a covered patio. Primary suite includes a private bath and walk in closet. Exterior finishes include Hardi board and batten siding, dimensional shingles, a 2 car garage, and covered front porch. Minutes from Texas State University, the San Marcos River, and downtown. Buyer to select finishes with builder. FHA single close construction to permanent financing available, ask agent for details. Property is located in FEMA Zone AE (Special Flood Hazard Area/Floodway); flood insurance required. Buyer to verify all information independently.

At $305/sqft, this home is priced 35% above the San Marcos active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1104 Gravel St, San Marcos, TX 78666

Property Details

Price $450,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,476 sqft
Lot Size 0.22 acres (9,583.2 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Document No. 26009442
County Hays
Zip Code 78666
$/sqft $305/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247506612
List Date September 22, 2026
Elementary School Crockett
Middle School Goodnight
High School San Marcos
School District ,

Luke Allen (TREC #788149) has deep knowledge of San Marcos and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos 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
102 Pitt None
J H Combs Add Sec 1
$450,000 $307 2 bd / 1 ba 1,468 sqft , 2026-08-06
217 N Bishop St
West End
$469,900 $339 3 bd / 2 ba 1,386 sqft , 2026-08-12
1105 Delmar St
Westover
$397,500 $230 3 bd / 2 ba 1,732 sqft , 2026-07-20
1405 Girard Ave
Z Williamson #3
$345,000 $233 4 bd / 3 ba 1,483 sqft , 2026-05-04
1022 W Martin Luther King Dr #D
J M Stone Add
$565,000 $324 4 bd / 2 ba 1,746 sqft , 2026-09-10

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
$2,160/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
$90,000
20% conventional investment loan

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

Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow $-1,272

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 San Marcos, TX

San Marcos 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 · 30 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. This page was last updated on September 22, 2026.

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