About This Home

Great opportunity in Bishop Crossing! This inviting San Marcos home features recent updates including a new HVAC system and garage door opener. The property offers a wonderful opportunity for buyers to add their personal style and create the outdoor space of their dreams. Convenient location with easy access to shopping, dining, schools, and major roadways. Come see the potential and make this home your own!

At $200/sqft, this home is 12% below the San Marcos active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

129 Park Ln, San Marcos, TX 78666

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Property Details

Price $299,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,500 sqft

Lot Size 0.17 acres (7,392.13 sqft)

Year Built 2012

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Bishop Crossing Sec 2

County Hays

Zip Code 78666

$/sqft $200/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,091.23

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245588478

List Date September 3, 2026

Elementary School Crockett

Middle School Miller

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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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

2037 Northview Dr
s0497- Bishop Crossing Subdivision Sec 1 $295,000 $187 3 bd / 3 ba 1,576 sqft , 2026-06-10

1716 Ramona Cir
Oak Knoll $319,900 $184 3 bd / 3 ba 1,740 sqft , 2026-06-16

1211 N Bishop St
Out/Hays (Common) / A00924 I WESTOVER SV-335 1/2(L $325,000 $226 3 bd / 3 ba 1,440 sqft , 2026-08-26

2003 Ramona Cir
Castle Forest $269,000 $198 3 bd / 2 ba 1,360 sqft , 2026-02-22

1905 Castle Gate Cir
Castle Forest $265,000 $222 3 bd / 2 ba 1,194 sqft , 2026-07-06

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

$59,980

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~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

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 September 4, 2026.

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

129 Park Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

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