Active Listing  ·  162 days on market

1648 Esplanade Pkwy

San Marcos, TX 78666
$249,900
3 Bed 2 Bath 1,211 sqft $206/sqft Built 2025 0.09 acres 2-Car Garage Pool New Construction Trace

MLS# 5345696 - Built by Pacesetter Homes - Ready Now! ~ Welcome to a beautifully designed home offering a simple, easy-flowing layout with thoughtful details throughout. The primary bedroom is tucked away at the back of the home, providing added privacy and a peaceful retreat. The spacious primary bathroom features dual vanities, elegant floor-to-ceiling shower tile, and French doors leading into a generous walk-in closet for a touch of luxury. A charming built-in window seating nook adds warmth and character to the living space. The kitchen shines with beautiful white granite countertops and a luxury tiled backsplash, blending timeless style with everyday functionality. A detached two-car alley-access garage enhances curb appeal, while the home’s close proximity to the amenity center adds convenience to your lifestyle. With refined finishes and a functional, inviting design, this home is truly a standout.

At $206/sqft, this home is 10% 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

1648 Esplanade Pkwy, San Marcos, TX 78666

Property Details

Price $249,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,211 sqft
Lot Size 0.09 acres (4,051.08 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Trace
County Hays
Zip Code 78666
$/sqft $206/sqft
Days on Market ,
HOA $84/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT221509303
List Date March 5, 2026
Elementary School Hernandez
Middle School Miller
High School San Marcos
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 · March 5, 2026 $295,900
Previous ask $267,900
Current ask $249,900
Reduced $46,000 (-15.5%) 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
254 Trestle Tree None
Blanco River Village No2 Condo
$250,000 $154 3 bd / 3 ba 1,628 sqft , 2026-02-23
750 Oak Mdws
Oak Meadows
$250,000 $206 4 bd / 2 ba 1,216 sqft , 2025-08-23
249 Trestle Tree None
Blanco River Village Sec One
$250,000 $181 3 bd / 2 ba 1,380 sqft , 2026-07-13
213 Lily Pond Trl
Cottonwood Creek Ph 3 Unit 5
$248,000 $160 4 bd / 2 ba 1,546 sqft , 2025-12-12
106 Wild Plum None
Cottonwood Creek Ph 1 Sec 1-B
$245,000 $177 3 bd / 2 ba 1,385 sqft , 2026-03-13

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
$1,200/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
$49,980
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$437
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-705

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 →