About This Home

MLS# - Built by Century Communities - Oct 2026 completion! ~ Searching for a plan with ample space to rest, relax, and gather? Look no further than the stylish Hawthorn at Cottonwood Creek! This two-story home features a main-floor open layout, showcasing an airy great room flowing seamlessly into a dining area and a kitchen with a center island. The serene primary suite offers a private bath with a walk-in shower and dual sinks, as well as a walk-in closet. On the second level, you’ll find two additional bedrooms and a full bath. Completing this level is a versatile loft. This home also includes an extended covered patio option, perfect for outdoor living and entertaining. Includes a 2-bay garage.

At $144/sqft, this home is 37% 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

121 Cutleaf Cv, San Marcos, TX 78666

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Property Details

Price $259,990

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,805 sqft

Lot Size 0.14 acres (6,098.4 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Cottonwood Creek

County Hays

Zip Code 78666

$/sqft $144/sqft

Days on Market ,

HOA $840/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237239960

List Date June 22, 2026

Elementary School Bowie

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 22, 2026 $281,900

Current ask $259,990

▼ Reduced $21,910 (-7.8%) 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

328 Fairfax Ave
MILLBROOK PARK $260,000 $197 3 bd / 2 ba 1,319 sqft , 2026-06-09

104 Pronghorn Cir
Whisper Mixed Use Sub Ph 1A $260,000 $145 4 bd / 2 ba 1,796 sqft , 2026-07-10

158 Preston Trl
Blanco Vista Ph 3 Sec 1 $260,000 $209 2 bd / 3 ba 1,244 sqft , 2026-08-05

202 Mossycup Dr
Blanco Vista Tr E-2 $259,900 $149 3 bd / 3 ba 1,740 sqft , 2026-06-21

309 Ellis St
Guerrero $259,500 $186 3 bd / 2 ba 1,396 sqft , 2026-07-09

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

$1,248/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

$51,998

20% conventional investment loan

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

Estimated Gross Rent+$1,248

Principal + Interest−$1,419

Property Tax (~2.1% TX avg)−$455

Insurance (~0.5%)−$108

Est. Monthly Cash Flow $-734

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 11, 2026.

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

121 Cutleaf Cv