Active Listing  ·  48 days on market

151 Friendship Oak Dr

San Marcos, TX 78666
$259,000
3 Bed 3 Bath 1,410 sqft $184/sqft Built 2017 0.08 acres 2-Car Garage Pool Blanco Vista Tr E-2

Welcome home to the desirable Blanco Vista community, where comfort, convenience, and an active lifestyle come together. This inviting 3-bedroom, 2.5-bath home features a thoughtfully designed floor plan with abundant natural light and spaces that are perfect for both everyday living and entertaining.

Step onto the charming front porch, complete with a porch swing that's perfect for enjoying your morning coffee or relaxing in the evening. Inside, the open-concept kitchen overlooks the living and dining areas, creating an ideal gathering space. The kitchen is equipped with granite countertops, a gas range, stainless steel appliances, a subway tile backsplash, recessed lighting, and generous cabinet storage.

Upstairs, you'll find all three bedrooms, providing privacy from the main living areas, along with a covered balcony that's perfect for enjoying fresh air or winding down after a long day. The private backyard offers plenty of room to relax, while the detached two-car garage adds both convenience and additional storage.

Life in Blanco Vista means enjoying outstanding neighborhood amenities, including hike and bike trails, a junior Olympic-sized swimming pool, splash pad, playgrounds, community events, and an on-site elementary school. Just a short walk away, Five Mile Dam on the Blanco River offers opportunities for kayaking, fishing, swimming, and enjoying the outdoors. With easy access to IH-35, Texas State University, and the shopping, dining, and entertainment of both San Marcos and Kyle, this home delivers the perfect balance of location, lifestyle, and value.

Come see why Blanco Vista is one of the area's most sought-after communities, and make this wonderful home your own.

At $184/sqft, this home is 20% 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

151 Friendship Oak Dr, San Marcos, TX 78666

Property Details

Price $259,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,410 sqft
Lot Size 0.08 acres (3,284.42 sqft)
Year Built 2017
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Blanco Vista Tr E-2
County Hays
Zip Code 78666
$/sqft $184/sqft
Days on Market ,
HOA $420/Annually
Annual Tax Est. $6,545.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237745369
List Date June 26, 2026
Elementary School Blanco Vista Elem
Middle School Laura B Wallace
High School Jack C Hays
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
360 Witchhazel Way
Blanco Vista Tr M-2
$259,000 $190 3 bd / 3 ba 1,364 sqft , 2026-06-01
309 Ellis St
Guerrero
$259,500 $186 3 bd / 2 ba 1,396 sqft , 2026-07-09
202 Mossycup Dr
Blanco Vista Tr E-2
$259,900 $149 3 bd / 3 ba 1,740 sqft , 2026-06-21
1115 Sycamore St
Rio Vista Terrace
$259,900 $226 3 bd / 1 ba 1,150 sqft , 2026-08-13
121 Cutleaf Cv
Cottonwood Creek
$259,990 $144 3 bd / 3 ba 1,805 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
$1,243/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
$51,800
20% conventional investment loan

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

Estimated Gross Rent+$1,243
Principal + Interest−$1,413
Property Tax (~2.1% TX avg)−$453
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-731

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 →