Active Listing  ·  153 days on market

116 Lambs Ear Path

San Marcos, TX 78666
$515,000
4 Bed 4 Bath 2,574 sqft $200/sqft Built 2024 0.17 acres 2-Car Garage Pool La Cima Ph 3 Sec A

Skip the wait, the upgrades, and the builder chaos — this 2024 Perry Home in the sought-after La Cima community is move-in ready and better than new.

No need for a new build with this like NEW Perry Home. It is an excellent value over “new builds,” especially considering the finishes and features already done - including (1) blinds though out the house, i.e., all bedrooms, study, and master bathroom, (2) ceiling fans in each bedroom, family room, and back porch; (3) upgraded shingles on the roof; (4) full gutters; (5) established landscaping; (6) all appliances and whole-home water softener; and (7) a fabulous view of the hill country (and sunsets) from the back porch.

Spanning 2,574 sq ft, this thoughtfully designed home features an open floor plan bathed in natural light, a private mother-in-law suite perfect for multigenerational living or guest accommodations, and sweeping Hill Country views that no amount of builder incentives can replicate.

Located within the master-planned La Cima community with resort-style amenities including multiple pools, a fitness center, Central Park, and 10+ miles of trails — all just 30 minutes from both Austin and San Antonio.

Highlights:

• 2,574 sq ft | Built 2024 by Perry Homes

• Mother-in-law suite

• Hill Country views

• Upgraded roof & full gutters

• Whole-home water softener

• Established landscaping — no waiting

• Move-in ready | Like new condition

• La Cima community amenities included

At $200/sqft, this home is 14% below the San Marcos active market average of $232/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

116 Lambs Ear Path, San Marcos, TX 78666

Property Details

Price $515,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,574 sqft
Lot Size 0.17 acres (7,440.05 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision La Cima Ph 3 Sec A
County Hays
Zip Code 78666
$/sqft $200/sqft
Days on Market ,
HOA $600/Annually
Annual Tax Est. $13,119.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232742417
List Date June 12, 2026
Elementary School Hernandez
Middle School Miller
High School San Marcos
School District SanMarcosCONSISD

SanMarcosCONSISD

Hernandez · Miller · San Marcos

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.

Schedule a Call →

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 12, 2026 $549,999
Previous ask $524,000
Current ask $515,000
▼ Reduced $34,999 (-6.4%) 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
1147 Rusty Blackhaw Trl
La Cima
$519,900 $228 3 bd / 3 ba 2,282 sqft , 2026-10-13
403 Fountain Grass Dr
La Cima Ph 3 Sec A
$519,990 $210 4 bd / 3 ba 2,475 sqft , 2026-10-21
213 Teakmill Trl
La Cima Ph 3 Sec A
$509,990 $214 4 bd / 4 ba 2,385 sqft , 2026-08-11
237 Crabapple Ct
La Cima
$524,900 $169 4 bd / 4 ba 3,112 sqft , 2026-08-05
1136 Rusty Blackhaw Trl
La Cima
$524,900 $191 4 bd / 3 ba 2,751 sqft , 2026-08-24

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
$2,472/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
$103,000
20% conventional investment loan

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

Estimated Gross Rent+$2,472
Principal + Interest−$2,811
Property Tax (assumed ~2.1%)−$901
Insurance (assumed ~0.5%)−$215
Est. Monthly Cash Flow $-1,455

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

More Luxury Homes in San Marcos

Loading…
View All Luxury Homes →
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 · 41 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. The written content was last updated on September 27, 2026.

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

Save this home