— bed, — bath on 15.39 acres in Maxwell. Maxwell, TX 78656. $1,500,000.
About This Home
Positioned at the intersection of current cash flow and future development potential, this exclusive 15.39-acre offering presents a rare investment opportunity in Caldwell County. Approximately 12,932 square feet of existing improvements support income-producing operations, including six duplexes and 24 storage units—helping offset holding costs while longer-term plans take shape. The property fronts State Highway 21 and extends along Tokyo Road, the entrance route to the Cotton Gateway master-planned community. Prominent positioning places the site near an expanding residential base and opens the conversation for neighborhood retail, multifamily development, or light industrial use, subject to applicable approvals. In other words, the land offers more than room to dream; it already has tenants helping with the tab. Infrastructure adds practical value. Maxwell Water serves the property through four existing taps, Pedernales Electric Cooperative power currently reaches the duplexes and storage units, and an on-site sewer system is in place. A request to remove the property from the San Marcos extraterritorial jurisdiction was completed in 2025; buyers should independently confirm status and development requirements. Connectivity strengthens the investment story. San Marcos Regional Airport is nearby, with Texas State University, San Marcos Premium Outlets, and the broader Interstate 35 corridor within convenient reach. Bring your site plan, your due diligence, and your vision—then schedule a private property tour to explore the possibilities firsthand.
- Property Type
- Commercial Sale
- Year Built
- 1995
- Lot Size
- 15.39 acres
Listing information last updated September 18, 2026.
Listed by Keller Williams Realty
MLS# 3559631 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Slab
- Lot Size
- 15.39 Acres
- Common
- Direct Access
- On Site
- Open
- Secured
- Shared Driveway
Financial
- Original List Price
- $1,500,000
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Private Sewer,Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 158 Stockmen LN, whoever represented it.
- ActiveListed 2026Current price: $1,500,000Original list: $1,500,000MLS 3559631
- Listed · September 15, 2026$1,500,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,500,000
- Original list
- $1,500,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 15, 2026 · 31 days
Virtual Tour

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($300K)
Adjustable assumption - not a lending recommendation.
$1,500,000
Luxury property intelligence
Keenan Market Position
A sourced read on Maxwell pricing, timing, and property scale. No automated valuation claim.
List price
$1,500,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
31 days
Original to current
No verified reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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