About This Home

The Santana - This new single-story home offers a modern and low-maintenance design. Three secondary bedrooms are located near the front of the home near an inviting and spacious open-concept layout that blends the kitchen, living and dining areas. A nearby covered patio provides year-round outdoor entertaining. A convenient flex space is tucked away to the side of the home, while a luxurious owner’s suite offers access to a full bathroom and walk-in closet. Photos are for illustrative purposes only. Estimated Completion September 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $124/sqft, this home is 46% below the San Marcos active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

116 El Mirage Rd, San Marcos, TX 78666

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Property Details

Price $286,999

Status Active Listing

Beds 4

Full Baths 3

Half Baths ,

Living Area 2,314 sqft

Lot Size 0.14 acres (5,967.72 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision River Bridge Ranch

County Hays

Zip Code 78666

$/sqft $124/sqft

Days on Market ,

HOA $65/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237497376

List Date June 24, 2026

Elementary School Dezavala

Middle School Goodnight

High School San Marcos

School District ,

Have Questions About This Property?

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 24, 2026 $309,999

Previous ask $291,999

Current ask $286,999

▼ Reduced $23,000 (-7.4%) 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

112 Little Prairie Vly
River Bridge Ranch $284,999 $142 4 bd / 2 ba 2,014 sqft , 2026-03-19

406 Low Pasture Trl
Sunset Oaks Sec 1 Ph 2 $289,000 $184 4 bd / 2 ba 1,572 sqft , 2026-04-01

120 El Mirage Rd
River Bridge Ranch $289,999 $134 4 bd / 3 ba 2,157 sqft , 2026-06-24

1632 Esplanade Pkwy
Trace $282,900 $184 3 bd / 3 ba 1,537 sqft , 2025-10-07

1221 Wild Leaf Way
Cottonwood Creek $281,900 $156 3 bd / 3 ba 1,805 sqft , 2026-06-22

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

$1,378/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

$57,400

20% conventional investment loan

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

Estimated Gross Rent+$1,378

Principal + Interest−$1,566

Property Tax (~2.1% TX avg)−$502

Insurance (~0.5%)−$120

Est. Monthly Cash Flow $-810

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

About the Author

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 4, 2026.

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

116 El Mirage Rd