Active Listing  ·  65 days on market

1624 Aquarena Springs Dr #F147

San Marcos, TX 78666
$125,990
2 Bed 2 Bath 720 sqft $175/sqft Built 1982 2.81 acres Pool Park North Condos

BRAND-NEW A/C | INVESTMENT POTENTIAL | NEAR TEXAS STATE | RIVER 1.25 MILES AWAY This San Marcos condo offers a smart combination of location, affordability and flexibility—plus a BRAND-NEW A/C SYSTEM, a major-ticket improvement already taken care of for the next owner! Even better, the washer, dryer, refrigerator, stove and dishwasher convey, making this an easy move-in or investment opportunity. Have a student attending Texas State University? They can occupy one suite while the second suite may provide an opportunity for rental income. Investors can also explore the potential of renting the unit to college students, professors or other San Marcos residents. The community offers amenities to enjoy without leaving home, including a swimming pool, BBQ/grilling area and basketball court. Convenient access to TXST with a bus stop, Historic downtown San Marcos, shopping, dining and everything San Marcos has to offer. When it's time to unwind, enjoy the San Marcos River and all the swimming, tubing and outdoor adventures that make San Marcos such a fun place to call home. Come see the possibilities *buyer and buyer's agent to independently verify all information*

At $175/sqft, this home is 25% below the San Marcos active market average of $232/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1624 Aquarena Springs Dr #F147, San Marcos, TX 78666

Property Details

Price $125,990
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 720 sqft
Lot Size 2.81 acres (122,617.04 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Park North Condos
County Hays
Zip Code 78666
$/sqft $175/sqft
Days on Market ,
HOA $200/Monthly
Annual Tax Est. $3,911.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246110538
List Date September 8, 2026
Elementary School Crockett
Middle School Miller
High School San Marcos
School District SanMarcosCONSISD

SanMarcosCONSISD

Crockett · Miller · San Marcos

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 · September 8, 2026 $129,900
Previous ask $129,700
Current ask $125,990
▼ Reduced $3,910 (-3.0%) 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
1624 Aquarena Springs Dr #A102
Park North Condos
$130,000 $181 2 bd / 2 ba 720 sqft , 2026-06-08

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
$605/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
$25,198
20% conventional investment loan

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

Estimated Gross Rent+$605
Principal + Interest−$688
Property Tax (assumed ~2.1%)−$220
Insurance (assumed ~0.5%)−$52
Est. Monthly Cash Flow $-355

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 · 41 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. The written content was last updated on October 27, 2026.

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

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