Active Listing  ·  50 days on market

162 Friendship Oak Dr

San Marcos, TX 78666
$230,000
3 Bed 3 Bath 1,300 sqft $177/sqft Built 2017 0.08 acres Pool Blanco Vista Heritage Point

Experience the vibrant master-planned lifestyle of Blanco Vista, a premier community boasting an on-site elementary school, a splash pad, a refreshing pool, pavilions, stocked fishing ponds, and scenic hike and bike trails along widened sidewalks. Built by Pacesetter Homes, this gorgeous 3-bedroom, 2.5-bathroom residence stands out with an eye-catching brick and siding exterior, a cozy covered front porch, and meticulously manicured landscaping. Step inside to discover a bright, open living space illuminated by natural light, seamlessly showcasing the tile floors downstairs and modern updates throughout. The chef-inspired kitchen features rich, dark cabinetry, premium granite countertops, a contemporary tile backsplash, stainless-steel appliances, and a sunlit dining area defined by a dramatic accent wall. Journey upstairs along the luxury vinyl plank stairs to find spacious, comfortable bedrooms, including a serene primary suite and a beautifully styled secondary bedroom with custom wall paneling. Outside, a fully fenced backyard offers a private retreat with lush green grass, convenient alley access, and dedicated parking. Just moments away from Five Mile Dam Park and the scenic Blanco River, this property provides effortless access to both San Marcos and Kyle, delivering a perfect mix of local charm, boutique shopping, and modern comfort tailored for first-time buyers. For more info, go to: https://wkf.ms/4dNjv9O

At $177/sqft, this home is 23% 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

162 Friendship Oak Dr, San Marcos, TX 78666

Property Details

Price $230,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,300 sqft
Lot Size 0.08 acres (3,598.06 sqft)
Year Built 2017
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Blanco Vista Heritage Point
County Hays
Zip Code 78666
$/sqft $177/sqft
Days on Market ,
HOA $120/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237218789
List Date June 25, 2026
Elementary School Blanco Vista Elem
Middle School Laura B Wallace
High School Lehman
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.

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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 · June 25, 2026 $250,000
Previous ask $243,000
Current ask $230,000
Reduced $20,000 (-8.0%) 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
107 Friendship Oak Dr
Blanco Vista Tr E-2
$230,000 $182 2 bd / 3 ba 1,262 sqft , 2026-03-05
714 Stampede Rd
Blanco Vista Tr E-1
$230,000 $185 3 bd / 3 ba 1,244 sqft , 2026-06-04
105 Casita Cv
El Camino Real Ph 1 Sec 3A
$229,900 $167 3 bd / 2 ba 1,373 sqft , 2026-02-25
138 Rush Hvn #F073
Blanco River Village Condo
$229,900 $143 3 bd / 3 ba 1,608 sqft , 2026-04-07
310 Pat Garrison St #8
Maple Creek Condos
$229,000 $249 2 bd / 2 ba 918 sqft , 2026-06-03

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
$1,104/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
$46,000
20% conventional investment loan

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

Estimated Gross Rent+$1,104
Principal + Interest−$1,255
Property Tax (~2.1% TX avg)−$403
Insurance (~0.5%)−$96
Est. Monthly Cash Flow $-650

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 August 12, 2026.

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