8 bed, 8 bath, 8,600 sqft on 38.94 acres in San Marcos. San Marcos, TX 78666. $4,250,000. SanMarcosCONSISD.
About This Home
Large estate on 38.9 acres. Completely fenced with a 12-foot game fence and grand rock entrance. Live the life of luxury in this almost 9,000 sqft of living space with 8 bedrooms 8 full baths and 3 half baths. Custom built in every nook and cranny with Texas stone, hardwood, and granite cabinetry. Two large fireplaces, swimming pool, outdoor basketball court, indoor RV parking garage, indoor and an outdoor bar with complete catering setup, or just relax in your own private movie theatre. Other outdoor amenities include dog kennels, livestock pens, barns, and sheds. Large backyard area - fully fenced with wrought iron fencing. Gorgeous Views and beautiful sunsets right from your oversized covered porch. Super unique feature - your own private natural cave that you can explore! Centrally located in the heart of Texas Hill Country right next to the Wimberley Junction on R12 and FM 32. Estate is at the end of the gated subdivision of Trails End Ranch. Less than 30 minutes to Canyon Lake, Wimberley, San Marcos, or New Braunfels. Looking for country living near the big cities? You are less than an hour away from Austin or San Antonio! This is the Texas Hill Country Ranchette you have been waiting for!
At 38.94 acres behind a 12-foot game fence, 761 Allison Ln delivers a scale that is hard to find this close to the Hill Country corridor. In San Marcos, this San Marcos, TX 78666 single family residence pairs 8,600 square feet of living space with eight bedrooms, eight full baths, three half baths, and a setup built for both privacy and large gatherings.
Built in 2018 in Hays County, 761 Allison Ln is priced at $4.25 million, or $494 per square foot, and the numbers only tell part of the story. The property sits at the end of a gated subdivision with a grand rock entrance, broad views, and enough infrastructure to support multiple lifestyles at once. There is a swimming pool, outdoor basketball court, private movie theater, indoor and outdoor bars, and an indoor RV parking garage. For buyers who need utility as much as luxury, the estate also includes dog kennels, livestock pens, barns, sheds, and a fully fenced backyard area with wrought iron fencing. One of the most unusual features is a private natural cave on the property, which adds a layer of character that most Hill Country estates simply do not have.
Living here means having true separation from the city while staying connected to key routes and destinations. The home is near Wimberley Junction at Ranch Road 12 and FM 32, two roads that matter if you spend time between San Marcos, Wimberley, Canyon Lake, and New Braunfels. The drive is less than 30 minutes to Canyon Lake, Wimberley, downtown San Marcos, or New Braunfels, and about an hour to both Austin and San Antonio depending on traffic and route. That makes this address workable for buyers who want land, security, and recreation without giving up access to major job centers, shopping, dining, and regional healthcare.
School information was not provided in the listing, so buyers should verify current attendance details directly. What is clear is the lifestyle: this is a residential property designed for owners who want room to entertain, room to store equipment and vehicles, and room to use the land in a meaningful way. With 659 days on market, the opportunity here is not just the house itself but the long-term value of controlling nearly 39 acres in one of the most connected pockets of the Texas Hill Country.
The numbers behind this insight
- Offered at
- $4,250,000
- Listed
- March 19, 2024
- Price changes
- Reduced, down 14.1% from $4,950,000
- Asking price per sq ft
- $494
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 16, 2026.
- Property Type
- Residential
- Year Built
- 2018
- Lot Size
- 38.94 acres
- Price / Sq Ft
- $494
- HOA
- $600/year
- Garage
- 6 spaces
- Pool
- Yes
Listing information last updated March 24, 2026.
Listed by Keller Williams Realty
MLS# 7750581 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Two Primary Baths
- Two Primary Suties
- Breakfast Bar
- Built-in Features
- Ceiling Fan(s)
- Beamed Ceilings
- Ceiling-High
- Ceiling-Vaulted
- Chandelier
- Granite Counters
- Stone Counters
- Double Vanity
- Kitchen Island
- Multiple Dining Areas
- Multiple Living Areas
- Natural Woodwork
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Storage
- Track Lighting
- Walk-In Closet(s)
- Bar Fridge
- Built-In Electric Oven
- Built-In Freezer
- Built-In Refrigerator
- Cooktop
- Dishwasher
- Disposal
- ENERGY STAR Qualified Appliances
- Exhaust Fan
- Freezer
- Gas Cooktop
- Ice Maker
- Microwave
- Double Oven
- Plumbed For Ice Maker
- RNGHD
- Free-Standing Refrigerator
- Stainless Steel Appliance(s)
- Washer
- Dryer
- Washer
- Dryer Stacked
- Water Heater
- Water Softener
- Water Softener Owned
- Tile
- Wood
- Heating
- Central,Electric,Exhaust Fan,Fireplace(s),Propane,Wood,Zoned
- Cooling
- Attic Fan,Ceiling Fan(s),Central Air,Electric,Multi Units
- Fireplaces
- 2
Exterior & Lot
- Balcony
- Barbecue
- Basketball Court
- CCTYD
- Dog Run
- Exterior Steps
- Gutters Full
- Kennel
- Lighting
- Outdoor Grill
- Private Entrance
- Private Yard
- Satellite Dish
- Sport Court
- Masonry – All Sides
- Stucco
- Agricultural
- Back Yard
- Cul-De-Sac
- Front Yard
- Gentle Sloping
- Irregular Lot
- Pie Shaped Lot
- Private
- Private Maintained Road
- Sloped Up
- Trees-Large (Over 40 Ft)
- Many Trees
- Views
- Back Yard
- Front Yard
- Full
- Gate
- Perimeter
- Wire
- Wrought Iron
- Slab
- Covered
- Deck
- Front Porch
- Patio
- Porch
- Rear Porch
- Side Porch
- Roof
- Metal
- Lot Size
- 38.94 Acres
- Additional Parking
- Attached
- Attached Carport
- Carport
- Concrete
- Converted Garage
- Driveway
- Garage
- Garage Door Opener
- Garage Faces Side
- RV Access
- Parking
- RV Garage
- Garage Spaces
- 6
- Pool
- Yes
Financial
- HOA Fee
- $600 / year
- Original List Price
- $4,950,000
- Price per Sq Ft
- $494
Utilities
- Electricity Connected
- Phone Available
- Propane
- Sewer Connected
- Water Connected
- Water Source
- Well
- Sewer
- Septic Tank,See Remarks
Transaction History
2 records on file
Every recorded listing, sale, and lease at 761 Allison Ln, whoever represented it.
- ActiveListed 2024Current price: $4,250,000Original list: $4,950,000MLS 7750581
- ActiveListed 2024Current price: $4,250,000Original list: $4,950,000MLS 5490662
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $4,250,000
- Original list
- $4,950,000
- Price movement
- $700K reduction
- Listed / DOM
- Mar 19, 2024 · 941 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $1,868,630
- Assessment Year
- 2025
- Year Built
- 2017
- Parcel ID
- 11-8870-0000-00400-3
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $1,868,630 | $1,073,230 | $1,765,680 |
Zoned Schools
SanMarcosCONSISD
San Marcos
Goodnight
Dezavala
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T18:07:19.954+00:00; normalized from annual dues.
20% ($850K)
Adjustable assumption - not a lending recommendation.
$4,250,000
Luxury property intelligence
Keenan Market Position
A sourced read on San Marcos pricing, timing, and property scale. No automated valuation claim.
List price
$4,250,000
Price per sqft
$494/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
941 days
Original to current
$700K reduction
$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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