Active Listing  ·  48 days on market

1229 Wild Leaf Way

San Marcos, TX 78666
$299,990
3 Bed 3 Bath 1,845 sqft $163/sqft Built 2023 0.14 acres 2-Car Garage Pool New Construction Cottonwood Creek

MLS# 4792556 - Built by Century Communities - Ready Now! ~ Introducing the Kourtney at Pinnacle at Cottonwood Creek, a versatile two-story plan with an inviting open-concept layout. On the main floor, the expansive great room flows into a well-appointed kitchen—featuring a gracious walk-in-pantry, a breakfast bar and a spacious dining area with direct access to the backyard. You’ll also appreciate the extra storage space and powder room on the main level. Upstairs, you’ll find a wide-open game room, two generous secondary bedrooms—both with walk-in closets—plus a full hall bath and a convenient laundry room. Completing the second floor, the lavish owner's suite boasts a roomy walk-in closet and an attached deluxe bath with a relaxing tub.

At $163/sqft, this home is 30% below the San Marcos active market average of $232/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1229 Wild Leaf Way, San Marcos, TX 78666

Property Details

Price $299,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,845 sqft
Lot Size 0.14 acres (6,098.4 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Cottonwood Creek
County Hays
Zip Code 78666
$/sqft $163/sqft
Days on Market ,
HOA $840/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT247965425
List Date September 25, 2026
Elementary School Bowie
Middle School Goodnight
High School San Marcos
School District SanMarcosCONSISD

SanMarcosCONSISD

Bowie · Goodnight · San Marcos

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 25, 2026 $317,000
Current ask $299,990
▼ Reduced $17,010 (-5.4%) 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
252 Elk Ave
Vantage
$301,153 $174 3 bd / 2 ba 1,734 sqft , 2026-08-20
260 Elk Ave
Vantage
$307,990 $178 3 bd / 2 ba 1,726 sqft , 2026-10-20
111 Twister St
Vantage
$309,556 $179 3 bd / 2 ba 1,734 sqft , 2026-10-15
928 Adler Way
Cottonwood Creek Ph 3 Unit 4
$284,900 $156 4 bd / 3 ba 1,831 sqft , 2026-09-03
253 Elk Ave
Vantage
$281,464 $194 3 bd / 2 ba 1,454 sqft , 2026-08-25

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
$1,440/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
$59,998
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (assumed ~2.1%)−$525
Insurance (assumed ~0.5%)−$125
Est. Monthly Cash Flow $-847

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 · 41 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. The written content was last updated on September 29, 2026.

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

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