— bed, — bath on 17.60 acres in Martindale. Martindale, TX 78655. $3,520,000. SanMarcosCONSISD.
About This Home
Hard corner of Highway 80 and Quail Run in Martindale! With over 2,100 feet of highway frontage along Highway 80, this 17.6 acre tract represents a premier multifamily development opportunity just minutes from San Marcos, I-35, and Texas State University. The land supports development of up to 320 multifamily units per the seller. There is also flexibility to incorporate supporting commercial or mixed-use components. Located within city limits and served by city water and sewer. Currently under a commercial zoning designation. Situated near the San Marcos River and along a corridor experiencing steady eastward growth from San Marcos, this property benefits from proximity to employment centers, university-driven rental demand, and continued residential expansion.
Six hundred NW River Road in Martindale sits on 17.6 acres of prime development land at one of Caldwell County's most strategic intersections - Highway 80 and Quail Run - with over 2,100 feet of highway frontage that commands visibility from every direction. This is raw opportunity with infrastructure already in place: city water and sewer service, commercial zoning designation, and a location that puts you minutes from San Marcos, I-35 access, and Texas State University's campus.
The property occupies a corner position in a corridor experiencing consistent eastward expansion from San Marcos. Employment centers, university-driven rental demand, and residential growth moving outward from the city create a market fundamentally different from five years ago. The land itself supports development of up to 320 multifamily units according to seller specifications, with flexibility to incorporate commercial or mixed-use components depending on market timing and financing strategy.
Location matters here in concrete terms. You're positioned on the edge of a university town without the land cost of in-town parcels. San Marcos ISD serves the area through Rodriguez Elementary, Goodnight Middle School, and San Marcos High School, which matters if your development includes workforce housing or family-oriented components. The San Marcos River runs near the property, and Highway 80 connectivity means tenants or end users have straightforward access to major employers and the interstate system.
This is unimproved land, which means the value sits entirely in location and entitlements. Developers and institutional investors typically evaluate acreage by per-unit development cost, infrastructure availability, and absorption rates in the target market. Martindale's position as the eastern gateway to San Marcos - cheaper land than San Marcos proper, but closer to employment and university population than rural Caldwell County - creates a middle-market advantage. Highway frontage at a hard corner translates to traffic counts that support multifamily, retail, or mixed-use anchoring.
The property's value compounds with infrastructure already served and zoning already in place. You avoid the years-long process of securing utilities and navigating zoning changes. Whether your strategy involves vertical development, ground lease arrangements, or a hold-and-sell approach, the fundamentals remain the same: strategic location, market momentum, and a site ready for execution.
The numbers behind this insight
- Offered at
- $3,520,000
- Listed
- May 24, 2026
Keenan Luxury Market Index: $3M-$5M single-family homes across the Austin area sold at a median $734 per sq ft over the trailing 12 months (181 sales), as of October 15, 2026.
- Property Type
- Land
- Lot Size
- 17.60 acres
Listing information last updated July 29, 2026.
Listed by Land Unlimited
MLS# 8708889 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Few Trees
- Lot Size
- 17.60 Acres
Financial
- Original List Price
- $3,520,000
Utilities
- Electricity Available
- High Speed Internet
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
3 records on file
Every recorded listing, sale, and lease at 600 NW River RD, whoever represented it.
- ActiveListed 2026Current price: $3,520,000Original list: $3,520,000MLS 8708889
- Listed · May 24, 2026$3,520,000
- ActiveListed 2026Current price: $3,520,000Original list: $3,520,000MLS 4708033
- ActiveListed 2026Current price: $3,520,000Original list: $3,520,000MLS 3729415
- Listed · May 24, 2026$3,520,000
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
- $3,520,000
- Original list
- $3,520,000
- Price movement
- No verified reduction
- Listed / DOM
- May 24, 2026 · 145 days
Zoned Schools
SanMarcosCONSISD
San Marcos
Goodnight
Rodriguez
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($704K)
Adjustable assumption - not a lending recommendation.
$3,520,000
Luxury property intelligence
Keenan Market Position
A sourced read on Martindale pricing, timing, and property scale. No automated valuation claim.
List price
$3,520,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
145 days
Original to current
No verified reduction
$3.5M 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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