Active Listing  ·  128 days on market

1202 Thorpe Ln #216

San Marcos, TX 78666
$205,000
2 Bed 2 Bath 1,036 sqft $198/sqft Built 1984 3.97 acres Pool Village At Springtown Condos

Ideally located near Texas State University, dining, shopping, and local entertainment, this well-appointed single-level condominium offers both comfort and convenience. The thoughtfully designed open floor plan features a spacious and versatile living area anchored by a charming wood-burning fireplace, creating a warm and inviting setting for relaxing or entertaining. The galley-style kitchen offers efficient design and functionality, complemented by a breakfast bar that flows seamlessly into the inviting dining area. Step outside to the private covered balcony, a perfect place to unwind and enjoy the outdoors. Residents also enjoy access to the community swimming pool, while HOA dues conveniently include water, trash service, and basic cable. The property includes one assigned parking space, with additional guest parking available throughout the complex. This low-maintenance residence offers an ideal blend of location, lifestyle, and everyday convenience.

At $198/sqft, this home is 14% 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

1202 Thorpe Ln #216, San Marcos, TX 78666

Property Details

Price $205,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,036 sqft
Lot Size 3.97 acres (172,933.2 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Village At Springtown Condos
County Hays
Zip Code 78666
$/sqft $198/sqft
Days on Market ,
HOA $277/Monthly
Annual Tax Est. $4,056.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT225475503
List Date April 8, 2026
Elementary School Crockett
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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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
333 Trinity River Holw
River Bridge Ranch
$200,999 $146 3 bd / 2 ba 1,380 sqft , 2026-08-04
120 Witchhazel Way
Blanco Vista
$209,990 $205 2 bd / 2 ba 1,026 sqft , 2026-07-10
1013 Chestnut St #4
Bent Tree Condos
$210,000 $219 2 bd / 3 ba 960 sqft , 2026-03-23
1064 Esplanade Pkwy
Trace Sub Sec A, Pa 1A Ph A-1
$210,000 $205 2 bd / 2 ba 1,026 sqft , 2026-08-07
743 Oak Mdws
Oak Meadows
$199,999 $179 3 bd / 2 ba 1,120 sqft , 2025-11-25

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
$984/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
$41,000
20% conventional investment loan

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

Estimated Gross Rent+$984
Principal + Interest−$1,119
Property Tax (~2.1% TX avg)−$359
Insurance (~0.5%)−$85
Est. Monthly Cash Flow $-579

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 June 27, 2026.

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