Active Listing  ·  101 days on market

245 Tessaria Dr

San Marcos, TX 78666
$399,990
4 Bed 3 Bath 2,240 sqft $179/sqft Built 2026 0.13 acres 2-Car Garage Pool New Construction High Branch

NEW COMMUNITY NOW SELLING! *ESTIMATED COMPLETION DATE OCT-NOV 2026* New 4-Bedroom Home for Sale in San Marcos, TexasWelcome to 245 Tessaria Drive, San Marcos, Texas - a new construction single-story home built by M/I Homes. This thoughtfully designed home offers 2,240 square feet of comfortable living space with 4 bedrooms and 3 bathrooms, perfect for families and those who appreciate quality craftsmanship. Step inside to discover an open-concept living space that creates a seamless flow between the main gathering areas. The single-story floorplan delivers both convenience and accessibility, with every room situated on 1 above-ground level. The owner's bedroom features a private en-suite bathroom, providing a relaxing retreat at the end of each day. Key Features: 4 bedrooms and 3 bathrooms2,240 square feet of living spaceNew construction by M/I HomesSingle-story floorplanOpen-concept living spaceCovered patio for outdoor enjoymentOwner's bedroom with private en-suite bathroomThe quality of design throughout this home is evident in every detail, from the well-proportioned rooms to the functional layout that maximizes daily living. The covered patio extends your entertaining space outdoors, offering a comfortable spot to relax and enjoy the fresh air. Situated in a welcoming neighborhood with convenient proximity to parks, this home provides an ideal setting for an active lifestyle. Whether you enjoy morning walks, weekend gatherings, or simply spending time outdoors, the surrounding area has plenty to offer.

At $179/sqft, this home is 23% 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

245 Tessaria Dr, San Marcos, TX 78666

Property Details

Price $399,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,240 sqft
Lot Size 0.13 acres (5,662.8 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision High Branch
County Hays
Zip Code 78666
$/sqft $179/sqft
Days on Market ,
HOA $400/Annually
Annual Tax Est. $2.23
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT242171189
List Date August 3, 2026
Elementary School Dezavala
Middle School Goodnight
High School San Marcos
School District SanMarcosCONSISD

SanMarcosCONSISD

Dezavala · 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 3, 2026 $404,990
Current ask $399,990
▼ Reduced $5,000 (-1.2%) 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
225 Tessaria Dr
High Branch
$399,990 $183 4 bd / 3 ba 2,188 sqft , 2026-08-03
253 Tessaria Dr
High Branch
$379,990 $197 4 bd / 3 ba 1,930 sqft , 2026-08-03
229 Tessaria Dr
High Branch
$419,990 $147 5 bd / 3 ba 2,848 sqft , 2026-08-03
221 Tessaria Dr
High Branch
$374,990 $196 4 bd / 3 ba 1,917 sqft , 2026-07-31
216 Hazy View Rd
Sky Ridge
$344,990 $126 5 bd / 3 ba 2,741 sqft , 2026-05-21

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
$1,920/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
$79,998
20% conventional investment loan

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

Estimated Gross Rent+$1,920
Principal + Interest−$2,183
Property Tax (assumed ~2.1%)−$700
Insurance (assumed ~0.5%)−$167
Est. Monthly Cash Flow $-1,130

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 August 11, 2026.

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

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