Active Listing  ·  150 days on market

308 River Hills Dr

San Marcos, TX 78666
$319,990
4 Bed 2 Bath 1,315 sqft $243/sqft Built 2007 0.47 acres Pool River Hills #2

Welcome to 308 River Hills Drive, a beautifully renovated 4-bedroom, 2-bath home situated on an expansive half-acre lot in an established San Marcos neighborhood with no HOA. Featuring over $75,000 in upgrades, this move-in-ready property perfectly blends modern style, thoughtful design, and everyday functionality. Step inside to discover a bright, open-concept floor plan filled with natural light, highlighted by soaring 12-foot vaulted ceilings with a stunning cedar beam in the living room. Luxury vinyl plank flooring flows throughout the entire home, complemented by recessed lighting and black-framed windows that create a sleek, contemporary feel. The beautifully updated kitchen serves as the heart of the home, showcasing quartz and butcher block countertops, white cabinetry with gold hardware, built-in oven, stainless steel single-bowl sink, and a large center island perfect for gathering and entertaining. Just off the kitchen, a charming breakfast nook features custom built-in benches with hidden storage, creating the perfect space for casual dining. The spacious primary suite offers a spa-inspired retreat with a custom walk-in mud-set shower, frameless glass enclosure, floor-to-ceiling tile, niches, matte black fixtures, and a rainfall shower head. Both bathrooms feature custom tile work on the shower walls and floors, delivering a luxurious designer touch. Secondary bedrooms are generously sized and include ceiling fans throughout. Additional highlights include a dedicated office/flex space, a spacious laundry room with utility sink and custom wood shelving concealed behind stylish barn doors, and newly added insulation for improved energy efficiency. Outside, enjoy the privacy and possibilities of a large half-acre lot with mature trees, open green space, and plenty of room to create your dream outdoor oasis. Don't miss your opportunity to own this extensively updated San Marcos gem with timeless charm and contemporary finishes throughout.

At $243/sqft, this home is priced 5% above the San Marcos active market average of $232/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

308 River Hills Dr, San Marcos, TX 78666

Property Details

Price $319,990
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,315 sqft
Lot Size 0.47 acres (20,473.2 sqft)
Year Built 2007
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision River Hills #2
County Hays
Zip Code 78666
$/sqft $243/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,236.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235923730
List Date June 15, 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 · June 15, 2026 $323,990
Current ask $319,990
▼ Reduced $4,000 (-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
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
1104 Hilltop Dr
Hills Of Hays Ph 1
$275,000 $155 3 bd / 3 ba 1,770 sqft , 2026-06-19
1100 Mira Loma Ln
Hills Of Hays Ph 1
$215,000 $175 3 bd / 2 ba 1,230 sqft , 2026-10-28
1153 Overlook Way
Hills Of Hays Ph 1
$214,900 $179 3 bd / 2 ba 1,202 sqft , 2026-09-16

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
$1,536/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
$63,998
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (assumed ~2.1%)−$560
Insurance (assumed ~0.5%)−$133
Est. Monthly Cash Flow $-903

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 September 18, 2026.

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

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