Active Listing  ·  43 days on market

280 Cordero Dr

San Marcos, TX 78666
$279,900
3 Bed 3 Bath 2,257 sqft $124/sqft Built 2008 0.11 acres 2-Car Garage Pool El Camino Real Ph 1 Sec 2

Seller offering $5,000 toward closing costs or a rate buydown on this breathtaking move-in-ready home.

Picture your perfect day at 280 Cordero Drive. Step through the front door into a dedicated flex space, an effortless home office or cozy study. Continue into the bright, open-concept living area, flowing seamlessly into a beautifully designed kitchen perfect for morning coffee or hosting friends. Step outside to your private, tree-shaded backyard, a peaceful retreat with plenty of privacy for quiet mornings or lively evenings under the stars.

Head upstairs to an expansive bonus flex space, the ultimate second living room, game room, or media lounge for movie nights and playful afternoons.

Nestled in the sought-after El Camino Real community, this gorgeous 3-bedroom, 2.5-bath home puts you moments from Texas State University, with easy access to IH-35 for quick getaways to Austin and San Antonio. Spend afternoons floating and kayaking the crystal-clear San Marcos River, or soak up the energy of downtown San Marcos, with live music, restaurants, and nightlife just minutes away. Shop the San Marcos Premium Outlets, then unwind back home after a day of adventure.

With its impeccable layout, luxurious, flexible spaces, and unbeatable location that blends river life, vibrant culture, and Hill Country charm, 280 Cordero Drive isn't just a house; it's the lifestyle you've been dreaming of.

At $124/sqft, this home is 47% 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

280 Cordero Dr, San Marcos, TX 78666

Property Details

Price $279,900
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 $124/sqft
Days on Market ,
HOA $220/Annually
Annual Tax Est. $6,881.19
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248373429
List Date September 30, 2026
Elementary School Rodriguez (San Marcos ISD)
Middle School Miller
High School San Marcos
School District SanMarcosCONSISD

SanMarcosCONSISD

Rodriguez (San Marcos ISD) · Miller · 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.

Schedule a Call →

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 · September 30, 2026 $289,900
Current ask $279,900
▼ Reduced $10,000 (-3.4%) 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
112 Hazy View Rd
Sky Ridge
$279,990 $181 4 bd / 2 ba 1,550 sqft , 2026-10-07
312 Hazy View Rd
Sky Ridge
$279,990 $174 3 bd / 3 ba 1,610 sqft , 2026-10-13
123 Twister St
Vantage
$275,482 $160 3 bd / 2 ba 1,726 sqft , 2026-10-15
116 Hazy View Rd
Sky Ridge
$284,990 $158 3 bd / 2 ba 1,809 sqft , 2026-06-23
256 Elk Ave
Vantage
$274,770 $182 3 bd / 2 ba 1,506 sqft , 2026-07-29

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
$1,344/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
$55,980
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (assumed ~2.1%)−$490
Insurance (assumed ~0.5%)−$117
Est. Monthly Cash Flow $-791

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 7, 2026.

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

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