Active Listing  ·  163 days on market

217 New Albany Ln

San Marcos, TX 78666
$299,000
3 Bed 3 Bath 1,852 sqft $161/sqft Built 2025 0.12 acres 2-Car Garage Pool New Construction WHISPER SOUTH

5% lender incentive offered with the use of the seller’s in-house lender, Homeward Mortgage! Incentive may be used towards buyer closing costs and/or rate buy-down, subject to lender approval and buyer qualification. **Tour this home anytime - no appointment or agent needed. Simply verify your ID at the door and explore on your own schedule, 7 days a week.

Check out the Florence floorplan at Whisper South in San Marcos, Texas. This two-story new home has 3 bedrooms, 2.5 bathrooms, a gameroom and a 2 car garage across 1,852 square feet of modern living space. Step inside the home from the covered front porch into the foyer. Passing the powder room and staircase, you’ll enter the kitchen, dining, and family room. This open concept space was built to make cooking, eating, and entertaining a pleasant experience for family and friends. The kitchen features an island with undermount sink, quartz countertops, a pantry closet, 36” upper cabinets, and stainless-steel appliances, including a gas range. Enjoy the natural light from the side and rear windows. The oversized utility room is off the kitchen and connects to the garage, making it the perfect mud room.

Completing the downstairs area is the primary bedroom, which includes an attached bathroom. This relaxing bathroom space features a walk-in shower, double vanity with marble counter tops, private toilet area with a door, and a huge walk-in closet. You will have plenty of space in this closet for your accessories and prized possessions. Upstairs are the two additional bedrooms, a full bathroom, and the game room. The secondary bathroom includes a shower/tub combination, and all secondary bedrooms have amble closet space. Whether you use these rooms as an office, child’s room or guest room, there is enough room for work, sleep, and play. *Seller is willing to assist with closing costs or a rate buy-down through preferred lender with an acceptable offer. *

At $161/sqft, this home is 30% 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

217 New Albany Ln, San Marcos, TX 78666

Property Details

Price $299,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,852 sqft
Lot Size 0.12 acres (5,183.64 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision WHISPER SOUTH
County Hays
Zip Code 78666
$/sqft $161/sqft
Days on Market ,
HOA $80/Monthly
Annual Tax Est. $2.12
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT221375869
List Date March 4, 2026
Elementary School Travis
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.

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
206 Sherwood St
Feltner Add
$299,000 $177 4 bd / 2 ba 1,688 sqft , 2026-05-22
108 Blackfoot Daisy Path
La Cima
$298,147 $205 3 bd / 2 ba 1,454 sqft , 2026-05-01
280 Cordero Dr
El Camino Real Ph 1 Sec 2
$299,900 $133 3 bd / 3 ba 2,257 sqft , 2026-06-25
813 Cardenas St
Alto
$299,990 $156 4 bd / 3 ba 1,924 sqft , 2025-08-19
158 Paul Pena Dr
Trace Sub Pa 2B Sec D
$299,990 $195 3 bd / 2 ba 1,542 sqft , 2026-06-07

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
$1,435/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
$59,800
20% conventional investment loan

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

Estimated Gross Rent+$1,435
Principal + Interest−$1,632
Property Tax (~2.1% TX avg)−$523
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-845

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 →