About This Home

NEW CONSTRUCTION BY PULTE HOMES! Available September 2026!

At $157/sqft, this home is 31% 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

257 Elk Ave, San Marcos, TX 78666

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Property Details

Price $327,529

Status Active Listing

Beds 4

Full Baths 3

Half Baths ,

Living Area 2,091 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 $157/sqft

Days on Market ,

HOA $80/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT241646041

List Date July 29, 2026

Elementary School Bowie

Middle School Goodnight

High School San Marcos

School District ,

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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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 $325,345 $162 4 bd / 3 ba 2,003 sqft , 2026-02-09

120 Hazy View Rd
Sky Ridge $324,990 $156 3 bd / 2 ba 2,080 sqft , 2026-07-14

323 Shimmering Cv
COTTONWOOD CREEK $307,000 $218 3 bd / 2 ba 1,409 sqft , 2026-02-21

1209 Wild Leaf Way
Cottonwood Creek $302,555 $151 4 bd / 3 ba 2,003 sqft , 2026-05-08

116 Hazy View Rd
Sky Ridge $299,990 $166 3 bd / 2 ba 1,809 sqft , 2026-06-23

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

$1,572/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

$65,506

20% conventional investment loan

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

Estimated Gross Rent+$1,572

Principal + Interest−$1,787

Property Tax (~2.1% TX avg)−$573

Insurance (~0.5%)−$136

Est. Monthly Cash Flow $-924

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 July 30, 2026.

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

257 Elk Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

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