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$750,000

$775,000

1109 Palomino Ln, San Marcos, TX, 78666

$974,393 ARVInfo
On MarketInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,966 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.87 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Gas Cooktop, Disposal, Gas Range, Other, Propane Water Heater, Range Hood, See Remarks, Trash Compactor, Vented Exhaust Fan, Some Electric Appliances, Some Gas Appliances, Microwave, Range
FlooringCarpet, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Propane Tank Owned, Propane Tank Leased
Lot Size3.23 acres

Building Information

Stories1
Garage Spaces2

Land Information

APNR24925
Lot Number11
SubdivisionCountry Estates Iii
Land UseResidential
Legal DescriptionCOUNTRY ESTATES 3 LOT 11 3.228 AC GEO#90202102 TAX CODES:SSM,WEU,WUS,EHA
Census Tract010704
Assessed Land Value$132,470
Assessed Improvement Value$486,440
Assessment Year2025

About this property

Under the canopy of one of the most magnificent oaks in the neighborhood, this exceptional 3.22-acre property in the highly sought-after Country Estates Subdivision offers a rare combination of privacy, space, and convenience—just five minutes from downtown San Marcos, with Austin and San Antonio both an easy drive. Located outside the city limits, the property enjoys the advantage of no city taxes while remaining close to shopping, dining, and entertainment. The 2,678 sq. ft. main home features four bedrooms, three bathrooms, and an open-concept layout built around bright, high-ceiling living spaces that flow naturally from family gatherings to quiet mornings. Two of the bedrooms include custom built-in desks—practical for working from home, studying, or a creative space. Step outside to a patio made for slow Saturdays and long evenings beneath the property’s signature oak, with the kind of view that reminds you why people fall in love with the Hill Country. Across the backyard, an approximately 500 sq. ft. Casita adds remarkable versatility—a private suite for guests, multi-generational living, a home office, or rental income, a meaningful advantage in a thriving college town with Texas State University just minutes away. Equally rare is the 1,248 sq. ft. heated greenhouse—the kind of feature that simply doesn’t come on the market twice. Perfect for year-round vegetable gardening, plant storage, hobby farming, or anyone who’s ever dreamed of fresh herbs in January. Residents of Country Estates also enjoy access to outstanding neighborhood amenities, including a large community pool, tennis and pickleball courts, and a playground. A main home, a casita, and a heated greenhouse on more than three acres—minutes from town, but far enough away—this is a one-of-a-kind property that doesn’t come along often. Don’t miss your chance to make it yours.

Investor Tools

$541,942Estimated Mortgage Balance
$225,087Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$974,392
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,572 /month
Positive
Cash Flow Estimate:
$1,524 /month

Interested in this property?

Daniel Dever

Daniel Dever, Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$676/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,301
$551,102
2025
$132,470
$486,440
$618,910
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,301
$551,102

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Lockhart National Bank
Credit Line (Revolving) / Heloc
$552,500
No
First
Apr 16, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$541,942
$9,160
1%
71%
$3,313/mo

City: San Marcos

1109 Palomino Ln | Property Details | No Agent List