Active Listing  ·  20 days on market

119 Gambel Oak Way

San Marcos, TX 78666
$179,900
3 Bed 2 Bath 1,442 sqft $125/sqft Built 2015 0.08 acres Pool Blanco Vista

Take advantage of this great opportunity! 119 Gambel Oak Way, located in the Blanco Vista community of San Marcos. This property offers a functional layout and an excellent opportunity for a buyer looking to add personal touches and updates to create a space that fits their vision. The home features three bedrooms, two bathrooms, two living areas, and a private balcony. Enjoy the opportunity to make improvements and updates according to your preferences. Blanco Vista offers a variety of community amenities, including a neighborhood pool, splash pad, playgrounds, hike-and-bike trails, and other recreational features. The community's location provides convenient access to IH-35, making travel throughout the San Marcos, Kyle, and greater Central Texas areas accessible. The property is also conveniently located near Texas State University, shopping, restaurants, entertainment, parks, and outdoor recreation. Nearby access to major roadways makes commuting toward both Austin and San Antonio convenient. Bring your vision and explore all the possibilities this property has to offer.

At $125/sqft, this home is 44% below the San Marcos active market average of $225/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 $179,900
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 $125/sqft
Days on Market ,
HOA $100/Quarterly
Annual Tax Est. $5,731.93
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246594713
List Date September 12, 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 · September 12, 2026 $202,400
Previous ask $189,900
Current ask $179,900
▼ Reduced $22,500 (-11.1%) 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
$197,900 $163 2 bd / 2 ba 1,216 sqft , 2026-05-16
107 Friendship Oak Dr
Blanco Vista Tr E-2
$199,999 $158 2 bd / 3 ba 1,262 sqft , 2026-03-05
138 Wainscot Oak Way
Blanco Vista Tr E-1
$219,900 $187 3 bd / 2 ba 1,176 sqft , 2026-10-01
134 Silo St
Blanco Vista Ph 1-A
$225,000 $170 3 bd / 2 ba 1,326 sqft , 2026-09-28
202 Mossycup Dr
Blanco Vista Tr E-2
$229,800 $132 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
$864/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
$35,980
20% conventional investment loan

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

Estimated Gross Rent+$864
Principal + Interest−$982
Property Tax (~2.1% TX avg)−$315
Insurance (~0.5%)−$75
Est. Monthly Cash Flow $-508

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 30, 2026.

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