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$2,378,000

NAL Estimated Property Value

3124 Fm 32, San Marcos, TX, 78666

Off MarketInfo
Beds6 Beds
Baths5 Bath
Baths6,693 Sq Ft
price_per_sqft$552.67 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 5Bathrooms 5
Garage AvailableGarage Available
AppliancesBuilt In Electric Oven, Cooktop, Double Oven, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Plumbed For Ice Maker, Water Softener Owned, Trash Compactor
FlooringCarpet, Concrete, Stone, Tile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard, Rain Gutters
Lot Size25 acres

Building Information

Year Built1976
Stories1
Garage Spaces5

Land Information

APNR20166
SubdivisionAbs 751 Tr 1 111 51 45.01 Ac
Land UseResidential
Legal DescriptionABS 751 J G HORN, W C CHUMNEY, A SCHUMACKER, Z WILLIAMSON & T T R R CO SURVEYS 25.00 AC (1.00 AC HS) GEO#90203122 TAX CODES:
Census Tract010810
Assessment Year2025

About this property

Most acreage offers land. Very few offer a setting like this. Set along the iconic Devil’s Backbone, this 31-acre Hill Country estate delivers privacy, scale, and expansive country views in a highly sought-after location between Austin and San Antonio. The property unfolds as a true compound with a 5,043 sq ft main residence and 1,650 sq ft guest house, totaling approximately 6,693 sq ft with 6–7 bedrooms, designed for hosting, extended stays, and intentional separation of space. Timeless Texas stone architecture defines the main residence, with vaulted and beamed ceilings, dramatic stone walls, and multiple fireplaces that create warmth and character throughout. The chef’s kitchen is built for real entertaining, featuring dual dishwashers, dual ovens, multiple refrigerators, and a generously sized dining area. The primary suite offers a private retreat with a fireplace and peaceful views across the surrounding countryside. What truly sets this property apart is the land itself. Outdoor amenities include a resort-style pool and spa, covered outdoor kitchen, tennis court, pond, greenhouse, aviary, and a mile-long private walking trail that winds the acreage and leads to a natural five-room cave recorded with the Texas Spelunking Society—a rare and irreplaceable feature. A large barn that with little modifications would be suitable for equestrian or ranch use. With a full-house generator, new well pump, septic, and sprinkler systems, this is acreage ownership with confidence. A distinctive Hill Country estate offering land, privacy, and experiences that cannot be replicated.

Investor Tools

Property Icon
$2,378,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,378,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$22,194 /month
Positive
Cash Flow Estimate:
$7,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,766/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,307
$748,320
2025
N/A
N/A
$1,888,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,307
$748,320

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,331,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: San Marcos

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3124 Fm 32 | Property Details | No Agent List