Active Listing  ·  53 days on market

1221 Wild Leaf Way

San Marcos, TX 78666
$281,900
3 Bed 3 Bath 1,805 sqft $156/sqft Built 2026 0.14 acres 2-Car Garage Pool Cottonwood Creek

MLS# 2122691 - 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, a full bath, and a versatile loft. Includes a 2-bay garage.

At $156/sqft, this home is 32% 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

1221 Wild Leaf Way, San Marcos, TX 78666

Property Details

Price $281,900
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 $156/sqft
Days on Market ,
HOA $840/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237223515
List Date June 22, 2026
Elementary School Bowie
Middle School Goodnight
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
1213 Wild Leaf Way
Cottonwood Creek
$281,900 $156 3 bd / 3 ba 1,805 sqft , 2026-06-22
109 Cutleaf Cv
Cottonwood Creek
$281,900 $156 3 bd / 3 ba 1,805 sqft , 2026-06-22
113 Lindheimer Ln
Alto
$282,890 $198 3 bd / 2 ba 1,431 sqft , 2025-10-03
1632 Esplanade Pkwy
Trace
$282,900 $184 3 bd / 3 ba 1,537 sqft , 2025-10-07
220 Hazy View Rd
Sky Ridge
$279,990 $174 3 bd / 2 ba 1,606 sqft , 2026-06-22

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
$1,353/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
$56,380
20% conventional investment loan

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

Estimated Gross Rent+$1,353
Principal + Interest−$1,538
Property Tax (~2.1% TX avg)−$493
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-795

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 July 28, 2026.

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