#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 ZIP 78666 single-family closed-sale median price of $505,000 (ZIP 78666 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 4, 2026).
123 Smith Lane CMNS is a Commercial Sale built in 2026 featuring 0 bedrooms, 12.18-acre lot.
123 Smith Lane CMNS is listed by Berkshire Hathaway TX Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 5, 2026.
This page does not assume a mortgage rate or publish a monthly payment for 123 Smith Lane CMNS. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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Property Details
1 record on file
Every recorded listing, sale, and lease at 123 Smith Lane CMNS, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $177,232 | $65,020 | $185,290 |
20% ($600K)
Adjustable assumption - not a lending recommendation.
$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. Neighborhood guide reference price
Not available
Days on market
94 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 Sep 5, 2026.
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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
As of Sep 5, 2026, 123 Smith Lane CMNS is offered at $3,000,000. The current MLS snapshot shows 365 active listings in 78666. Keenan Group has completed 1 verified transactions in 78666 within its 1,000+ completed transactions and $1B+ career volume across Austin.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$3,000,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $177,232 | $65,020 | $185,290 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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