#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
12.184 acres located in the high-growth area of downtown San Marcos. Currently zoned for multi-family with an Ag Exemption. Flat building space with easy access off North-Bound IH 35 access road. Can be purchased or Leased. The property is often described as a "Developer's Deal" with significant potential for Value Added project.
Location: Smith Lane, San Marcos, TX 78666 (Hays County) Size: 12.184 Acres (approx. 530,735 sq ft) Listing Price: $3,000,000 or can be leased with Option to Buy Zoning: SF-6 (Single-Family) Neighborhood: Blanco Gardens - Currently has Ag Exemption
Property Features & Potential
Development Potential: Suitable for dense residential, townhomes, or build-for-rent communities, with rezoning potential for higher density. Location Highlights: Situated one block off I-35 with easy access.
Utilities: Public water and sewer are available.
Site Condition: Cleared and level, described as an "open lot" or pasture.
Constraints: The entire property is located within the 100-year floodplain, but is being considered for the Blanco Gardens Drainage Improvement Project.
Access: Two access points, including Smith Lane and an alley on the east side.
Property Type
Commercial Sale
Year Built
2026
Lot Size
12.18 acres
Listed by Berkshire Hathaway TX Realty
Verified property facts
123 Smith Lane CMNS is listed at $3,000,000 with 0 bedrooms, 12.18-acre lot. This places it above the 78666 median of $545,000.
123 Smith Lane CMNS is a Commercial Sale built in 2026 featuring 0 bedrooms, 12.18-acre lot.
123 Smith Lane CMNS is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($600,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 123 Smith Lane CMNS is around $21,066 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $3,000,000, 123 Smith Lane CMNS is in the A0017-2 JUAN M VERAMENDI SURVEY #2 market where there are currently 302 active listings in 78666. The Keenan Group has completed 1 transactions in 78666 as part of 1,000+ career sales totaling $1B+ across Austin.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Flooring
Construction
Foundation
Parking
Listing timeline with current price, original ask, and market time.
20% ($600K)
$3,000,000
Luxury property intelligence
A sourced read on A0017-2 JUAN M VERAMENDI SURVEY #2 pricing, timing, and property scale. No automated valuation claim.
List price
$3,000,000
Price per sqft
Not available
Vs. A0017-2 JUAN M VERAMENDI SURVEY #2 median
Not available
Days on market
10 days
Original to current
No verified reduction
$3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 13, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
123 Smith Lane CMNS sits on a 12.18-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in A0017-2 JUAN M VERAMENDI SURVEY #2
Active listings near 123 Smith Lane CMNS
Recent sales for market context
