San Marcos, TX 78666
$20,894,500
NB Regal Real Estate, LLCThis is a rare opportunity to acquire development ready 417.89 acres of land in Guadalupe County, Texas. The property is located off FM 1978 just south of San Marcos High School off Hwy. 123 in San Marcos, Texas. The property is ideally positioned within a major growth corridor between Austin and San Antonio, offering outstanding flexibility for commercial, industrial, residential or mixed-use development. The property is fully entitled for 1,869 single family lots, having both water service agreements and wastewater agreements in place with the appropriate service providers. There is a Municipal Utility District that is in place providing reimbursement of the development costs. The MUD has been fully formed and has a tax rate in place. Construction plans have been completed by Pape Dawson Engineering making it shovel ready for development. The property offers a purchaser the opportunity to accelerate the development process by multiple years and at a fraction of the cost, because of the groundwork that has been performed by the current owners. This large property offers mostly flat canvas and multiple points of ingress and egress to FM 1978. The property is currently under an agriculture exemption for property taxes and once developed offers close access to schools, shopping, colleges and hospitals.
Questions on 3835 FM 1978, or want to see it in person?
Kathleen Magat is a trusted real estate advisor specializing in Reunion Ranch and the surrounding Dripping Springs and Hill Country neighborhoods near Austin. She is highly regarded for her ability to navigate complex transactions with clarity, neutrality, and strategic precision.
Contact
(650) 291-7516 [email protected]1717 W. 6th Street Suite 190, Austin, TX 78703
Brokerage
Douglas Elliman Real Estate
(281) 652-5588 · Designated Broker of Firm: Alice Belinda Fernandez
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