Active Listing  ·  50 days on market

280 Cordero Dr

San Marcos, TX 78666
$299,900
3 Bed 3 Bath 2,257 sqft $133/sqft Built 2008 0.11 acres 2-Car Garage Pool El Camino Real Ph 1 Sec 2

Welcome to 280 Cordero Dr, a beautifully maintained two-story home offering 2,257 square feet of comfortable living space with 3 bedrooms, 2.5 bathrooms, and an oversized upstairs game room that's perfect as a media room, home office, playroom, or easily converted into a 4th bedroom. Built in 2008, this home features an open and functional floor plan designed for everyday living and entertaining.

The spacious kitchen offers abundant cabinet and countertop space, a stylish tile backsplash, black appliances, and a breakfast bar that opens to the main living area. The first floor features durable tile and wood-look flooring with plenty of natural light throughout. Upstairs, the generously sized primary suite provides ample space for a sitting area, while the large secondary bedrooms and versatile loft create room for everyone.

Enjoy the convenience of a two-car attached garage, covered front porch, and low-maintenance backyard—ideal for relaxing without the hassle of extensive yard work. Located in the established El Camino Real community, you'll appreciate quick access to IH-35, Texas State University, shopping, dining, and all that San Marcos has to offer.

Whether you're searching for your first home, need extra living space for a growing household, or want a solid investment opportunity, this move-in ready property checks all the boxes. Don't miss your chance to make 280 Cordero Dr your next home!

At $133/sqft, this home is 42% 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

280 Cordero Dr, San Marcos, TX 78666

Property Details

Price $299,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,257 sqft
Lot Size 0.11 acres (4,617.36 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 $133/sqft
Days on Market ,
HOA $220/Annually
Annual Tax Est. $6,881.19
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT237632005
List Date June 25, 2026
Elementary School Bowie
Middle School Goodnight
High School San Marcos
School District ,

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 · June 25, 2026 $329,900
Previous ask $314,895
Current ask $299,900
Reduced $30,000 (-9.1%) 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
813 Cardenas St
Alto
$299,990 $156 4 bd / 3 ba 1,924 sqft , 2025-08-19
158 Paul Pena Dr
Trace Sub Pa 2B Sec D
$299,990 $195 3 bd / 2 ba 1,542 sqft , 2026-06-07
116 Hazy View Rd
Sky Ridge
$299,990 $166 3 bd / 2 ba 1,809 sqft , 2026-06-23
237 Escondido Cir
Whisper Mixed Use Sub Ph 1A
$299,995 $148 4 bd / 3 ba 2,022 sqft , 2026-04-10
216 MARY MAX Cir
The Retreat On Willow Creek Ph 4
$299,999 $159 4 bd / 2 ba 1,890 sqft , 2026-05-17

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
$1,440/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
$59,980
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 · 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 August 3, 2026.

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