Active Listing  ·  84 days on market

119 Gambel Oak Way

San Marcos, TX 78666
$202,400
3 Bed 2 Bath 1,442 sqft $140/sqft Built 2015 0.08 acres Pool Blanco Vista

Welcome to a home that feels just right — whether you’re starting out, investing, or simply looking for a place with room to grow. Nestled in the friendly Blanco Vista community, this 3-bed, 2-bath home offers two living spaces and a private balcony, giving everyone a spot to relax or study. Move-in is a breeze with the refrigerator included, and the neighborhood amenities make everyday life feel like a getaway: hike and bike trails, a junior Olympic pool, splash pad, and a neighborhood elementary school. Spend weekends by Five Mile Dam, cheering at soccer games, or exploring nearby parks. Perfectly positioned near IH-35, Texas State University, and the shops and restaurants of San Marcos and Kyle, this home blends comfort, convenience, and community. Come see the place where your next chapter begins.

At $140/sqft, this home is 37% below the San Marcos active market average of $223/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

119 Gambel Oak Way, San Marcos, TX 78666

Property Details

Price $202,400
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,442 sqft
Lot Size 0.08 acres (3,301.85 sqft)
Year Built 2015
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Blanco Vista
County Hays
Zip Code 78666
$/sqft $140/sqft
Days on Market ,
HOA $100/Quarterly
Annual Tax Est. $5,731.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232261994
List Date June 1, 2026
Elementary School Blanco Vista Elem
Middle School Laura B Wallace
High School Lehman
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 1, 2026 $242,900
Previous ask $209,900
Current ask $202,400
Reduced $40,500 (-16.7%) 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
258 Quail Ridge Dr
Quail Ridge Sub
$199,900 $164 2 bd / 2 ba 1,216 sqft , 2026-05-16
107 Friendship Oak Dr
Blanco Vista Tr E-2
$230,000 $182 2 bd / 3 ba 1,262 sqft , 2026-03-05
714 Stampede Rd
Blanco Vista Tr E-1
$230,000 $185 3 bd / 3 ba 1,244 sqft , 2026-06-04
1058 Sand Post Pl
Blanco Vista Tr E-3
$245,000 $205 2 bd / 3 ba 1,194 sqft , 2026-06-29
202 Mossycup Dr
Blanco Vista Tr E-2
$249,900 $144 3 bd / 3 ba 1,740 sqft , 2026-06-21

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
$972/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
$40,480
20% conventional investment loan

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

Estimated Gross Rent+$972
Principal + Interest−$1,105
Property Tax (~2.1% TX avg)−$354
Insurance (~0.5%)−$84
Est. Monthly Cash Flow $-571

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 15, 2026.

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