
Unique covered land play with solid current income and long term development upside. Location just out San Marcos city limits in the ETJ , mid- to long-term highest and best is likely to development multi-story apartment complex to serve San Marcos and its explosive long term growth. San Marcos and Central Hays Co is perhaps the most strategic location in the state for investors with a long horizon, centrally located between Austin and San Marcos along the I-35 corridor, ideal for a long term income development play. San Marcos projected to reach over 140,000 residents by 2035. Robust rental market with the additional growth of Texas State, itself projected to reach over 50,000 students by 2033. Currently 14 rental units of various size and era. Owners made substantial improvements in 2022-2023 to stabilize the property, substantially increasing Gross Rents and Operating Income YOY even in a soft rental market. 2025 Total Operating Income over $180,000, NOI just over $60,000. Entry level units that have low vacancy rates in the competitive San Marcos rental market. Recently built Whispering Pointe Apartments is the perfect template for the long term development play, only 0.4 miles to the north on Harris Hill, as critical infrastructure continues to get closer to the site. Being in the ETJ and unrestricted, proximity to central San Macros with none of the challenges of developing in the city. The city limit is literally on the rear property line. Solid current income with clear long term growth and development upside. Unique opportunity to get into this highly sought after, high growth area. Contact LA for more detailed information.
Property Type
Commercial Sale
Year Built
1980
Lot Size
2.44 acres
Garage
28 spaces
Listed by Texas Ally Real Estate Group
Verified property facts
1321 Harris Hill Rd is listed at $1,349,000 with 0 bedrooms, 2.44-acre lot. This places it above the 78666 median of $545,000.
1321 Harris Hill Rd is a Commercial Sale built in 1980 featuring 0 bedrooms, 2.44-acre lot.
1321 Harris Hill Rd 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 ($269,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1321 Harris Hill Rd is around $9,473 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,349,000, 1321 Harris Hill Rd is in the none market where there are currently 324 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.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $277,340 | $263,480 | $13,860 |
20% ($270K)
$1,349,000
Luxury property intelligence
A sourced read on none pricing, timing, and property scale. No automated valuation claim.
List price
$1,349,000
Price per sqft
Not available
Vs. none median
Not available
Days on market
172 days
Original to current
$101K reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 5, 2026.
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
1321 Harris Hill Rd was built in 1980 (46 years ago). Buyers should budget for potential updates to major systems.
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
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $277,340 | $263,480 | $13,860 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
Best Match
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