175 Eastwood LN
ActiveSan Marcos, TX 78666
eXp Realty, LLC · MLS# 7163656 · Active
$5,999,000
Beds
0
Baths
0
Sq Ft
—
Acres
37.83
Built
—
Type
Unimproved Land
About This Home
• 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.
Exterior & Lot
- Lot
- Agricultural, Cleared, Few Trees, Level, Trees-Moderate
- View
- Rural, Trees/Woods
Community & Schools
- Community
- Gated
- Elementary
- Rodriguez (San Marcos ISD)
- Middle
- Miller
- High school
- San Marcos
- District
- SanMarcosCONSISD
Location
175 Eastwood LN · San Marcos, TX 78666
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Listings courtesy of Unlock MLS as distributed by MLS GRID.
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$5,999,000
175 Eastwood LN