Active Listing  ·  102 days on market

113 Waving Muhly Dr

San Marcos, TX 78666
$884,900
3 Bed 3 Bath 2,856 sqft $310/sqft Built 2022 0.18 acres 3-Car Garage Pool Kissing Tree

Welcome to WOW factor living in the prestigious Kissing Tree 55+ community! You’ve been waiting for the perfect home—and now you’ve found it. This stunning Champlain floor plan is a true gem, offering thoughtful upgrades, stylish finishes, and a fabulous location with no rear neighbor. Step inside to discover 4 spacious bedrooms—or 3 bedrooms plus a study—3 full baths, and a generously sized living area with an open-concept layout designed for both relaxing and entertaining. The designer kitchen is a showstopper, featuring beautiful painted cabinetry, elegant quartz countertops, and a perfectly selected backsplash that completes this gorgeous chef’s kitchen. Retreat to the oversized primary suite, complete with a spa-like en-suite bath showcasing a large walk-in shower, an oversized closet with custom built-ins, and convenient pass-through access to the spacious laundry room. Additional highlights include a 3-car garage and lovely backyard living overlooking designated green space. This home truly has it all—style, space, upgrades, and a prime location in the vibrant, amenity-rich Kissing Tree community. Don’t miss your chance to make it yours—schedule your private showing today!

At $310/sqft, this home is priced 37% 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

113 Waving Muhly Dr, San Marcos, TX 78666

Property Details

Price $884,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,856 sqft
Lot Size 0.18 acres (7,710.12 sqft)
Year Built 2022
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Kissing Tree
County Hays
Zip Code 78666
$/sqft $310/sqft
Days on Market ,
HOA $263/Monthly
Annual Tax Est. $16,760.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236264128
List Date June 13, 2026
Elementary School Rodriguez (San Marcos ISD)
Middle School Miller
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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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 · June 13, 2026 $919,000
Current ask $884,900
Reduced $34,100 (-3.7%) 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 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
224 Sweeping Sage Ln
Kissing Tree
$889,000 $344 3 bd / 3 ba 2,587 sqft , 2026-05-21
609 Dancing Oak Ln
Paso Robles Ph 2B
$839,900 $247 3 bd / 3 ba 3,398 sqft , 2025-01-09
216 Skipping Cedar St
Kissing Tree
$949,000 $280 3 bd / 3 ba 3,387 sqft , 2026-06-13
125 Sowing Oak Dr
Kissing Tree
$950,000 $379 3 bd / 3 ba 2,505 sqft , 2026-08-06
125 Waving Muhly Dr
Kissing Tree
$800,000 $313 3 bd / 4 ba 2,559 sqft , 2026-07-16

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
$4,248/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
$176,980
20% conventional investment loan

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

Estimated Gross Rent+$4,248
Principal + Interest−$4,829
Property Tax (~2.1% TX avg)−$1,549
Insurance (~0.5%)−$369
Est. Monthly Cash Flow $-2,499

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 August 30, 2026.

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