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
List Price$6,200,000
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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