About This Home

NEW CONSTRUCTION BY CENTEX HOMES! Available September 2026! The one-story Independence is built for families, with open kitchen, living and dining areas, and spacious closets.

At $182/sqft, this home is 22% 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

256 Elk Ave, San Marcos, TX 78666

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Property Details

Price $274,770

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,506 sqft

Lot Size 0.12 acres (5,397.08 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Vantage

County Hays

Zip Code 78666

$/sqft $182/sqft

Days on Market ,

HOA $80/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT241644451

List Date July 29, 2026

Elementary School Bowie

Middle School Goodnight

High School San Marcos

School District San Marcos CISD

School District

San Marcos CISD

Bowie · Goodnight · San Marcos

Have Questions About This Property?

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 · July 29, 2026 $273,770

Current ask $274,770

▲ Increased $1,000 (+0.4%) 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

1149 Wild Leaf Way
Pinnacle at Cottonwood Creek $274,990 $137 4 bd / 3 ba 2,003 sqft , 2026-02-09

123 Twister St
Vantage $275,482 $160 3 bd / 2 ba 1,726 sqft , 2026-10-15

119 Twister St
Vantage $270,640 $186 3 bd / 2 ba 1,454 sqft , 2026-10-15

312 Hazy View Rd
Sky Ridge $279,990 $174 3 bd / 3 ba 1,610 sqft , 2026-10-13

253 Elk Ave
Vantage $281,464 $194 3 bd / 2 ba 1,454 sqft , 2026-08-25

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

$1,319/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

$54,954

20% conventional investment loan

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

Estimated Gross Rent+$1,319

Principal + Interest−$1,500

Property Tax (assumed ~2.1%)−$481

Insurance (assumed ~0.5%)−$114

Est. Monthly Cash Flow $-776

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 · 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 November 8, 2026.

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

256 Elk Ave

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

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