175 Eastwood Ln, San Marcos, TX 78666

• Scale & Optionality: At ~28 acres near Texas State, the site has strong long-term potential for multifamily or student housing development. The conceptual layout suggests capacity for a large-scale project, though most developers will likely underwrite a reduced density scenario initially.

• Infrastructure Considerations: Based on the utility maps, water and wastewater will need to be extended to the site, and the property sits in the San Marcos ETJ. Developers will typically factor those infrastructure costs and entitlement risk into their land basis.

• Developer Underwriting: When applying current construction costs, cap rates, and typical land residual assumptions for multifamily in the San Marcos market, most developers will likely build closer to 650–800 units rather than maxing out the 1,000+ units.

At 37.83 acres in San Marcos just minutes from Texas State University, 175 Eastwood Lane represents rare raw land with genuine development optionality in one of Central Texas's fastest-growing markets. The property sits cleared with moderate tree coverage and level topography, making site planning straightforward for buyers evaluating equestrian facilities, agricultural operations, or mixed-use development scenarios.

The land's infrastructure position requires thoughtful planning. Water and wastewater service will need extension to the site, and the property falls within San Marcos's extraterritorial jurisdiction, meaning entitlement timelines factor into project feasibility. Developers and equestrian operators alike should budget for utility infrastructure costs as part of acquisition underwriting. These considerations aren't deal-killers for specialized uses like boarding facilities, training compounds, or residential estates with horse amenities. They simply require upfront capital allocation and coordination with City of San Marcos utilities.

From a functional perspective, the lot's scale and level composition support multiple facility configurations. Equestrian buyers looking to develop barns, arenas, pastures, and cross-country courses have enough acreage to zone distinct operational areas without crowding. The moderate tree coverage provides natural windbreaks and shade corridors that reduce facility cooling costs and improve animal comfort. Agricultural operators evaluating hay production, cattle grazing, or specialty crop operations benefit from the cleared status and soil characteristics typical of this part of Hays County.

The location itself offers compelling lifestyle positioning. Rodriguez Elementary, Miller Middle School, and San Marcos High School serve the San Marcos Consolidated ISD, grounding the property within established educational infrastructure. Proximity to Texas State's campus and downtown San Marcos means residents or operators maintain quick access to shopping, dining, and services without the congestion of suburban Austin. The San Marcos outlet mall corridor and I-35 access are minutes away, making the land feel connected without feeling crowded.

At $6.20 million for 37.83 acres, the price reflects both the raw land status and the strategic positioning near a university town with sustained population growth. Equestrian enthusiasts, agricultural entrepreneurs, and patient developers all see value in acreage this size with this level of infrastructure optionality. The next owner will write the property's actual story through their facilities, animals, or development decisions.