• 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.
Features of 175 Eastwood Ln
MLS® #
7163656
Price
$4,995,000
Bathrooms
0.00
Acres
37.83
Type
Land / Farm
Sub-Type
Unimproved Land
Status
Active
Has Pool
No
Water Feature/View
View
Rural,TreesWoods
Is Waterfront
No
Community Information: San Marcos
Address
175 Eastwood Ln
Area
HS
Subdivision
TBD
City
San Marcos
County
Hays
State
TX
Zip Code
78666
Amenities of 175 Eastwood Ln
Utilities
Electricity Available, Sewer Available, Water Available, Cable Available
Features
Gated
Interior of 175 Eastwood Ln
Fireplace
No
Exterior of 175 Eastwood Ln
Lot Description
Moderate Trees, Agricultural, Cleared, Few Trees, Level
School Information
District
SanMarcosCONSISD
Elementary
Rodriguez (San Marcos ISD)
Middle
Miller
High
San Marcos
Additional Information On 175 Eastwood Ln
Days on Market
167
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
Yes
Property History
Price Reduced from $5,999,000 to $4,995,000
Price Reduced from $6,200,000 to $5,999,000
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: eXp Realty, LLC(714) 926-5730. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 29th, 2026 at 10:15pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
