Active Listing  ·  65 days on market

328 Fairfax Ave

San Marcos, TX 78666
$260,000
3 Bed 2 Bath 1,319 sqft $197/sqft Built 2022 0.11 acres 2-Car Garage Pool MILLBROOK PARK

Welcome home to this beautifully designed single-story home in the desirable Millbrook community. Built in 2022, this thoughtfully crafted residence offers an open-concept layout, high ceilings, abundant natural light, and stylish finishes throughout. The spacious kitchen flows seamlessly into the living and dining areas, creating an inviting space for both everyday living and entertaining. Features include a gas range, stainless appliances, smart home technology, and a private primary suite with double vanity and walk-in closet. deally located just minutes from Texas State University, the San Marcos Premium Outlets, shopping, dining, and major employers, with convenient access to I-35 for an easy commute to Austin or San Antonio. Nearby retail destinations include the rapidly growing commercial corridor featuring Costco, Sam's Club, and countless dining and entertainment options.

At $197/sqft, this home is 14% 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

328 Fairfax Ave, San Marcos, TX 78666

Property Details

Price $260,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,319 sqft
Lot Size 0.11 acres (4,791.6 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision MILLBROOK PARK
County Hays
Zip Code 78666
$/sqft $197/sqft
Days on Market ,
HOA $80/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235617432
List Date June 9, 2026
Elementary School Rodriguez (San Marcos ISD)
Middle School Miller
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 9, 2026 $280,000
Previous ask $269,900
Current ask $260,000
Reduced $20,000 (-7.1%) 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
158 Preston Trl
Blanco Vista Ph 3 Sec 1
$260,000 $209 2 bd / 3 ba 1,244 sqft , 2026-08-05
202 Mossycup Dr
Blanco Vista Tr E-2
$259,900 $149 3 bd / 3 ba 1,740 sqft , 2026-06-21
1115 Sycamore St
Rio Vista Terrace
$259,900 $226 3 bd / 1 ba 1,150 sqft , 2026-08-13
309 Ellis St
Guerrero
$259,500 $186 3 bd / 2 ba 1,396 sqft , 2026-07-09
360 Witchhazel Way
Blanco Vista Tr M-2
$259,000 $190 3 bd / 3 ba 1,364 sqft , 2026-06-01

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
$1,248/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
$52,000
20% conventional investment loan

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

Estimated Gross Rent+$1,248
Principal + Interest−$1,419
Property Tax (~2.1% TX avg)−$455
Insurance (~0.5%)−$108
Est. Monthly Cash Flow $-734

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 5, 2026.

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