About This Home

This 2020-built, 4BD/2.5BA home in Cottonwood Creek offers ~1,890 SF with 9-ft ceilings, recessed LED lighting & a smart home package. Granite kitchen with large island & gas range. Flexible guest/in-law suite off its own half bath. Covered patio, full sprinkler system, privacy-fenced yard, community park, playground & splash pad. Just 5 miles to Texas State University, downtown San Marcos & the Premium Outlets, with easy IH-35 access — halfway between Austin & San Antonio. Move-in ready!

At $156/sqft, this home is 33% 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

928 Adler Way, San Marcos, TX 78666

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Property Details

Price $284,900

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 1,831 sqft

Lot Size 0.14 acres (6,141.96 sqft)

Year Built 2020

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cottonwood Creek Ph 3 Unit 4

County Hays

Zip Code 78666

$/sqft $156/sqft

Days on Market ,

HOA $225/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT244630940

List Date September 3, 2026

Elementary School Bowie

Middle School Goodnight

High School San Marcos

School District San Marcos CISD

School District

San Marcos CISD

Bowie · Goodnight · San Marcos

Have Questions About This Property?

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 · September 3, 2026 $299,500

Previous ask $294,900

Current ask $284,900

▼ Reduced $14,600 (-4.9%) 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

253 Elk Ave
Vantage $281,464 $194 3 bd / 2 ba 1,454 sqft , 2026-08-25

123 Twister St
Vantage $275,482 $160 3 bd / 2 ba 1,726 sqft , 2026-10-15

1149 Wild Leaf Way
Pinnacle at Cottonwood Creek $274,990 $137 4 bd / 3 ba 2,003 sqft , 2026-02-09

256 Elk Ave
Vantage $274,770 $182 3 bd / 2 ba 1,506 sqft , 2026-07-29

119 Twister St
Vantage $270,640 $186 3 bd / 2 ba 1,454 sqft , 2026-10-15

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

$1,368/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

$56,980

20% conventional investment loan

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

Estimated Gross Rent+$1,368

Principal + Interest−$1,555

Property Tax (assumed ~2.1%)−$499

Insurance (assumed ~0.5%)−$119

Est. Monthly Cash Flow $-805

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

About the Author

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 3, 2026.

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

928 Adler Way

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

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