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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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3835 Fm 1978 , San Marcos, TX 78666
$20,894,500
Est. Payment: $113,780.53/mo
417.89 Acres
Status: active | Days on site: 3
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700801 - 605333
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Jeannette Spinelli, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Jeannette Spinelli
Broker Associate & Founder
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House Description

This is a rare opportunity to acquire development ready 417.89 acres of land in Guadalupe County, Texas. The property is located off FM 1978 just south of San Marcos High School off Hwy. 123 in San Marcos, Texas. The property is ideally positioned within a major growth corridor between Austin and San Antonio, offering outstanding flexibility for commercial, industrial, residential or mixed-use development. The property is fully entitled for 1,869 single family lots, having both water service agreements and wastewater agreements in place with the appropriate service providers. There is a Municipal Utility District that is in place providing reimbursement of the development costs. The MUD has been fully formed and has a tax rate in place. Construction plans have been completed by Pape Dawson Engineering making it shovel ready for development. The property offers a purchaser the opportunity to accelerate the development process by multiple years and at a fraction of the cost, because of the groundwork that has been performed by the current owners. This large property offers mostly flat canvas and multiple points of ingress and egress to FM 1978. The property is currently under an agriculture exemption for property taxes and once developed offers close access to schools, shopping, colleges and hospitals.
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Highlights

Listed by Wade Goodwin , (512) 420-6565 NB Regal Real Estate, LLC , (512) 420-6565. Austin MLS mls logo

Property Type

Vacant Land
Lot/Acreage
417.89

County

Hays

Area

HS

 Neighborhood

Rattler Ridge

 School District

SanMarcosCONSISD

Listing ID

6452765

Questions about this listing?

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Interior Features

Water:Municipal Utility District

Exterior Features

Lot:See Remarks
Sewer:Municipal Utility District
Principal Interest
$113,781
Taxes
$13,320

Home Price

$20,894,500

Loan Details

30 yrs
7.228%

Down Payment

20%
$4,178,900
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$113,780.53

Principal

Taxes

Principal Taxes HOA Total
Monthly $113,780.53 $13,320.24 $0.00 $127,100.78
Yearly $1,365,366.41 $159,842.93 $0.00 $1,525,209.34
Total $40,960,992.40 $4,795,287.75 $0.00 $45,756,280.15

Today's Rates

30 Year

7.23%

20 Year

6.94%

15 Year

6.71%

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Market insight data is pulled from the same city as the listing being viewed (San Marcos, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Spinelli Residential Group | KW - Austin Portfolio Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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Data last updated: 2026-10-23T23:26:27.000Z

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