Active Listing  ·  96 days on market

229 Capistrano Dr

San Marcos, TX 78666
$305,000
3 Bed 3 Bath 2,225 sqft $137/sqft Built 2008 0.17 acres 2-Car Garage Pool El Camino Real Ph 1 Sec 2

$5,000 IN SELLER-PAID BUYER INCENTIVES — Apply Toward Closing Costs or an Interest Rate Buydown!

Discover the potential of this spacious 3-bedroom, 2.5-bath, two-story home offering a versatile floor plan and an excellent location. The main level features two generous living areas, with one easily serving as a formal living and dining combination to fit your lifestyle. A separate breakfast area provides the perfect spot for casual meals, while the covered patio invites you to relax or entertain outdoors.

Upstairs, you'll find all three bedrooms, providing privacy from the main living spaces, along with a spacious bonus room that can be used as a game room, media room, home office, or additional flex space.

Ideally located in the thriving community of San Marcos, this property offers exceptional appeal for both homeowners and investors. Its proximity to the local university makes it an excellent opportunity as a primary residence or a potential investment property.

Don't miss your chance to own this versatile home in a growing market—bring your best offers!

At $137/sqft, this home is 41% 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

229 Capistrano Dr, San Marcos, TX 78666

Property Details

Price $305,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,225 sqft
Lot Size 0.17 acres (7,422.62 sqft)
Year Built 2008
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision El Camino Real Ph 1 Sec 2
County Hays
Zip Code 78666
$/sqft $137/sqft
Days on Market ,
HOA $242/Annually
Annual Tax Est. $6,632.89
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237942184
List Date August 8, 2026
Elementary School Bowie
Middle School Goodnight
High School San Marcos
School District SanMarcosCONSISD

SanMarcosCONSISD

Bowie · Goodnight · 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 · August 8, 2026 $310,000
Current ask $305,000
▼ Reduced $5,000 (-1.6%) 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
260 Elk Ave
Vantage
$307,990 $178 3 bd / 2 ba 1,726 sqft , 2026-10-20
252 Elk Ave
Vantage
$301,153 $174 3 bd / 2 ba 1,734 sqft , 2026-08-20
111 Twister St
Vantage
$309,556 $179 3 bd / 2 ba 1,734 sqft , 2026-10-15
157 Lindheimer Ln
Alto
$295,914 $154 4 bd / 3 ba 1,924 sqft , 2026-09-04
304 Hazy View Rd
Sky Ridge
$319,990 $178 3 bd / 2 ba 1,800 sqft , 2026-10-07

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
$1,464/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
$61,000
20% conventional investment loan

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

Estimated Gross Rent+$1,464
Principal + Interest−$1,665
Property Tax (assumed ~2.1%)−$534
Insurance (assumed ~0.5%)−$127
Est. Monthly Cash Flow $-862

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 24, 2026.

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

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