About This Home

Freshly updated 3-bedroom 2.5-bath home located in a desirable neighborhood just minutes from Texas State University. The entire interior has been freshly painted and features vinyl wood flooring throughout the home.

The functional floor plan offers spacious living areas and a well-appointed kitchen. Conveniently located near shopping, dining, parks, and easy access to major roads, this home is a great option for owner-occupants or investors alike.

Move-in ready and in a prime location—schedule your showing today!

At $169/sqft, this home is 26% 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

1422 Meadow Pkwy, San Marcos, TX 78666

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Property Details

Price $300,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,774 sqft

Lot Size 0.13 acres (5,488.56 sqft)

Year Built 2002

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Holland Park Sub

County Hays

Zip Code 78666

$/sqft $169/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,567.48

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238974626

List Date August 7, 2026

Elementary School Crockett

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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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

313 NEW ALBANY Ln
WHISPER SOUTH $300,000 $162 3 bd / 3 ba 1,852 sqft , 2026-03-31

125 Discovery Ln
Glenn Price $300,000 $250 2 bd / 2 ba 1,200 sqft , 2026-07-10

120 Scarborough Way
Millbrook Park Ph 2 $300,000 $200 3 bd / 2 ba 1,499 sqft , 2026-07-29

222 New Hampton Way
Millbrook Park Ph 2 $300,000 $200 3 bd / 2 ba 1,499 sqft , 2026-07-31

216 MARY MAX Cir
The Retreat On Willow Creek Ph 4 $299,999 $159 4 bd / 2 ba 1,890 sqft , 2026-05-17

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

$60,000

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 August 8, 2026.

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

1422 Meadow Pkwy

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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