Active Listing  ·  69 days on market

125 Waving Muhly Dr

San Marcos, TX 78666
$800,000
3 Bed 4 Bath 2,559 sqft $313/sqft Built 2022 0.19 acres 2-Car Garage Pool Kissing Tree

Experience elevated Hill Country living in the highly sought-after 55+ community of Kissing Tree! This exceptional Brookfield Clarkson floor plan with the elegant Santa Barbara elevation offers 3 bedrooms, 3.5 baths, a private casita, and more than $197,000 in additional upgrades, plus a premium homesite backing to a beautiful greenbelt with breathtaking panoramic views.

From the custom-tiled front porch and inviting courtyard to the expansive covered rear patio, every detail has been thoughtfully curated. Inside, exposed beams add warmth and character to the open-concept living space, where a gas fireplace and dramatic double sliding glass doors create a seamless connection to the outdoors. The gourmet kitchen is beautifully appointed with KitchenAid built-in appliances, gas cooktop, soft-close cabinetry, abundant drawers, and generous storage.

The luxurious primary suite offers a spa-inspired bath with a separate jetted soaking tub, oversized walk-in shower with rain showerhead and multiple body sprays, and a custom Inspired Closets system connecting conveniently to the well-appointed laundry room with extensive cabinetry and folding station.

The front secondary bedroom features a private ensuite bath and spacious closet, while the detached casita offers a private third bedroom and full bath—ideal for guests, multigenerational living, or a home office. A dedicated study/flex room adds versatility, while a convenient powder bath serves the main living areas.

Additional upgrades include motorized blackout shades in the living room, a conveying water softener, garage pre-wiring for a 220V EV charger, and a Generac generator for added peace of mind. Enjoy resort-style living, exceptional craftsmanship, spectacular Hill Country views, and beautifully designed indoor-outdoor spaces in one of Kissing Tree's most distinctive homes.

At $313/sqft, this home is priced 38% above the San Marcos active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

125 Waving Muhly Dr, San Marcos, TX 78666

Property Details

Price $800,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,559 sqft
Lot Size 0.19 acres (8,232.84 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Kissing Tree
County Hays
Zip Code 78666
$/sqft $313/sqft
Days on Market ,
HOA $263/Monthly
Annual Tax Est. $13,685.23
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238856085
List Date July 16, 2026
Elementary School Hernandez
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.

Schedule a Call →

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
609 Dancing Oak Ln
Paso Robles Ph 2B
$839,900 $247 3 bd / 3 ba 3,398 sqft , 2025-01-09
326 Singing Sumac Way
Paso Robles Ph 4B-2
$742,000 $292 4 bd / 4 ba 2,545 sqft , 2026-04-17
113 Waving Muhly Dr
Kissing Tree
$884,900 $310 3 bd / 3 ba 2,856 sqft , 2026-06-13
224 Sweeping Sage Ln
Kissing Tree
$889,000 $344 3 bd / 3 ba 2,587 sqft , 2026-05-21
336 Calming Agave Way None
Kissing Tree
$700,000 $297 3 bd / 4 ba 2,360 sqft , 2026-01-31

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
$3,840/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
$160,000
20% conventional investment loan

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

Estimated Gross Rent+$3,840
Principal + Interest−$4,366
Property Tax (~2.1% TX avg)−$1,400
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,259

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 22, 2026.

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