175 EASTWOOD LANE, SAN MARCOS, TX 78666

Homes for sale in San Marcos.

Homes for sale in 78666.


175 Eastwood Lane

San Marcos, TX 78666

Active

List Price$6,200,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #7163656

Lots / Land

Type

About This Property

* 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.

Property Features

Location Information

County

Hays

Subdivision

TBD

County

Hays

Directions

Turn right onto Craddock Ave, Turn left onto Backus St Continue onto Eastwood Ln/E Wood Ln Destination will be on the left

Area

HS

Exterior Features

Is New Construction

No

Waterfront Description

None

Possession

Closing & Funding, Close Of Escrow

Has Waterfront

No

Water / Sewer

Public Sewer

Has View

Yes

Water

Public

View

Rural, Trees/Woods

Lot Size in Acres

37.83

School

Elementary School District

SanMarcosCONSISD

Middle School

Miller

Elementary School

Rodriguez (San Marcos ISD)

High School

San Marcos

Additional Information

Other Utilities

Cable Available, Electricity Available, Sewer Available, Water Available

APN

1001730049000003

Gated

Yes

Status

Active

Property Type

LL

Documents Available

None

Property SubType

Unimproved Land

Similar Listings

Mortgage Calculator

$28,953

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$22,341

Monthly Tax

$5,166

Monthly Insurance

$1,446

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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