Active Listing  ·  262 days on market

743 Oak Mdws

San Marcos, TX 78666
$199,999
3 Bed 2 Bath 1,120 sqft $179/sqft Built 1999 1.00 acres Pool Oak Meadows

PRICE IMPROVEMENT! NOW UNDER $200K! If you are searching for affordable Texas Hill Country living, this private, heavily wooded 1-acre retreat in San Marcos is the perfect match—now priced at just $199,999!

Ideal for investors looking for a high-yield rental, or anyone seeking a DIY fixer-upper project to build sweat equity, this country home features a popular open-concept layout with zero carpet throughout and a striking stone fireplace in the living room. The spacious kitchen flows into a dedicated indoor laundry room. Relax in the primary suite boasting a large primary bathroom with a soaking tub.

This massive, tree-covered acreage offers complete freedom with no HOA restrictions—giving you a blank canvas with endless potential for pets, gardens, or outbuildings. Enjoy ultimate country privacy while still being an easy commute to downtown San Marcos amenities, Texas State University, local schools, and shopping.

Commute-friendly, budget-friendly, and packed with investment potential. Schedule your tour today!

At $179/sqft, this home is 22% 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

743 Oak Mdws, San Marcos, TX 78666

Property Details

Price $199,999
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,120 sqft
Lot Size 1.00 acres (43,560 sqft)
Year Built 1999
Garage ,
Stories ,
Type Residential · Mobile Home
Subdivision Oak Meadows
County Hays
Zip Code 78666
$/sqft $179/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $1,287.57
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT212841365
List Date November 25, 2025
Elementary School Blanco Vista Elem
Middle School Laura B Wallace
High School Jack C Hays
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.

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
750 Oak Mdws
Oak Meadows
$250,000 $206 4 bd / 2 ba 1,216 sqft , 2025-08-23

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
$960/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
$40,000
20% conventional investment loan

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

Estimated Gross Rent+$960
Principal + Interest−$1,091
Property Tax (~2.1% TX avg)−$350
Insurance (~0.5%)−$83
Est. Monthly Cash Flow $-564

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 July 10, 2026.

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