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- Description
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Street View
$4,995,000
Monthly Est:$24,862
-- Bed
-- Bath
37.83acres lot
175 Eastwood Ln, San Marcos, TX 78666
$4,995,000
$24,862/moEst:
Get Pre-Approved
Unimproved Land
Built in -
$-- HOA
37.83 acres lot
$132,038/acre
Description
• Scale & Optionality: At ~28 acres near Texas State, the site has strong long-term potential for multifamily or student housing development. The conceptual layout suggests capacity for a large-scale project, though most developers will likely underwrite a reduced density scenario initially.
• Infrastructure Considerations: Based on the utility maps, water and wastewater will need to be extended to the site, and the property sits in the San Marcos ETJ. Developers will typically factor those infrastructure costs and entitlement risk into their land basis.
• Developer Underwriting: When applying current construction costs, cap rates, and typical land residual assumptions for multifamily in the San Marcos market, most developers will likely build closer to 650–800 units rather than maxing out the 1,000+ units.
- Houzeo last checked: 5 minutes ago
- Listing updated: August 6, 2026 at 12:21 am
- Listing Provided by: Soomin Kim (714) 926-5730 , Chris Mitchell | eXp Realty, LLC (888) 519-7431
- Source: Unlock MLS-TX as distributed by MLS GRID | MLS#: 7163656
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
37.83 acres lot
Basement Area
- sqft
MLS Name
Unlock MLS
MLS Number
7163656
MLS Status
Active
Days on Market
202
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer
Utilities & Energy
Utilities
Cable Available, Electricity Available, Sewer Available, Water Available
Water Source
Public
Other Features
Disclosures
Other Disclosures
Lot Features
Agricultural, Cleared, Few Trees, Level, Trees Moderate
Subdivision Name
Tbd
Community Features
Gated
Price History
| Date | Event | Price |
|---|---|---|
08/06/2026 Source: | Price Decreased | $4,995,000 -16.74% $0/sqft |
06/01/2026 Source: | Listed for Sale | $5,999,000 -17.98% $0/sqft |
08/01/2023 Source: | Listing Removed | $7,314,423 +380.58% $0/sqft |
03/10/2023 Source: | Sold | $1,522,000 -6.34% $0/sqft |
10/28/2019 Source: | Price Decreased | $1,625,000 -23.53% $0/sqft |
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