Active Listing  ·  22 days on market

403 Fountain Grass Dr

San Marcos, TX 78666
$519,990
4 Bed 3 Bath 2,475 sqft $210/sqft Built 2026 0.15 acres 3-Car Garage Pool New Construction La Cima Ph 3 Sec A

Discover the Stunning Newmark Homes Umbria Floorplan! This beautifully designed one-story home offers 4 spacious bedrooms, 3 full bathrooms, and a 3-car garage, combining luxury, comfort, and functionality all in one! Featuring stunning designer upgrades throughout, this home showcases beautiful luxury vinyl plank flooring, an open-concept layout, and thoughtfully designed living spaces perfect for everyday living and entertaining. The gourmet kitchen features stainless steel appliances and flows seamlessly into the spacious family room, creating a warm and inviting atmosphere. A formal dining room provides the perfect setting for hosting family and friends, while the private study offers an ideal space for working from home. Step outside to enjoy the covered patio, perfect for sipping your morning coffee, relaxing after a long day, or entertaining guests. With its beautiful finishes, spacious layout, and exceptional craftsmanship, this Newmark Homes Umbria floorplan truly has it all! Don't miss your opportunity to make this stunning home yours today!

At $210/sqft, this home is 9% 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

403 Fountain Grass Dr, San Marcos, TX 78666

Property Details

Price $519,990
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,475 sqft
Lot Size 0.15 acres (6,651.61 sqft)
Year Built 2026
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision La Cima Ph 3 Sec A
County Hays
Zip Code 78666
$/sqft $210/sqft
Days on Market ,
HOA $65/Monthly
Annual Tax Est. $2,194.73
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT249720799
List Date October 21, 2026
Elementary School Hernandez
Middle School Miller
High School San Marcos
School District San Marcos CISD

San Marcos CISD

Hernandez · 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 →

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
1147 Rusty Blackhaw Trl
La Cima
$519,900 $228 3 bd / 3 ba 2,282 sqft , 2026-10-13
237 Crabapple Ct
La Cima
$524,900 $169 4 bd / 4 ba 3,112 sqft , 2026-08-05
1136 Rusty Blackhaw Trl
La Cima
$524,900 $191 4 bd / 3 ba 2,751 sqft , 2026-08-24
116 Lambs Ear Path
La Cima Ph 3 Sec A
$515,000 $200 4 bd / 4 ba 2,574 sqft , 2026-06-12
247 Carolina Jasmine Dr
La Cima Ph 2 Sec B
$525,000 $212 3 bd / 3 ba 2,474 sqft , 2026-05-01

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
$2,496/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
$103,998
20% conventional investment loan

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

Estimated Gross Rent+$2,496
Principal + Interest−$2,838
Property Tax (assumed ~2.1%)−$910
Insurance (assumed ~0.5%)−$217
Est. Monthly Cash Flow $-1,469

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

More Luxury Homes in San Marcos

Loading…
View All Luxury Homes →
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 November 11, 2026.

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

Save this home