About This Home

Entry welcomes with 12-foot ceiling. Home office with French doors off extended entry. Open kitchen offers corner walk-in pantry, a 5-burner gas cooktop, and inviting island with built-in seating space. Dining area flows into open family room with wall of windows and a wood mantel fireplace. Secluded primary suite includes primary bath with dual vanities, a freestanding tub, separate glass-enclosed shower and two large walk-in closets. Abundant closet space throughout. Covered backyard patio. Mud room off three-car garage.

At $211/sqft, this home is 6% below the San Marcos active market average of $225/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

226 Penstemon Vw, San Marcos, TX 78666

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Property Details

Price $474,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 2,251 sqft

Lot Size 0.05 acres (2,252.05 sqft)

Year Built 2026

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision La Cima

County Hays

Zip Code 78666

$/sqft $211/sqft

Days on Market ,

HOA $780/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT242161522

List Date August 3, 2026

Elementary School Hernandez

Middle School Miller

High School San Marcos

School District ,

Have Questions About This Property?

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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 · August 3, 2026 $524,900

Previous ask $494,900

Current ask $474,900

▼ Reduced $50,000 (-9.5%) 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

720 Teakmill Trl
La Cima $474,900 $227 3 bd / 2 ba 2,090 sqft , 2026-08-25

332 Bundleflower Way
La Cima $474,900 $217 4 bd / 2 ba 2,187 sqft , 2026-07-28

112 Teakmill Trl
La Cima Ph 3 Sec A $474,990 $186 4 bd / 4 ba 2,558 sqft , 2026-04-14

209 Lady Bug Rd
La Cima Ph I Sec 1 $489,000 $237 4 bd / 3 ba 2,060 sqft , 2026-08-17

315 Fountain Grass Dr
La Cima Ph 3 Sec A $454,990 $234 3 bd / 2 ba 1,944 sqft , 2026-08-07

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

$2,280/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

$94,980

20% conventional investment loan

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

Estimated Gross Rent+$2,280

Principal + Interest−$2,592

Property Tax (~2.1% TX avg)−$831

Insurance (~0.5%)−$198

Est. Monthly Cash Flow $-1,341

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

About the Author

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 September 2, 2026.

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

226 Penstemon Vw