ActiveResidential · sale

1120 Palomino

San Marcos, TX 78666

$629,000

  • 3 beds
  • 3 baths
  • 2,629 sq ft
  • 3.01 acres
  • Built 1982

Listed by Compass RE Texas, LLC · MLS #ACT3801649

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

A separate guest house with 2 bedrooms, 1 bath, living room and office-offers options for visitors, rental income, or multi-generational living.

Details worth a look

Features such as a generator and rainwater collection system for irrigation enhance both convenience & self-sufficiency, while a large covered patio creates the perfect setting to enjoy the surrounding landscape which includes 14 fruit trees.

Year built

Built in 1982.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to your private retreat in San Marcos, where modern comfort meets wide-open space & endless possibility. Set on three peaceful acres backing to a serene nature preserve, this beautifully updated single-story home offers a rare combination of privacy, sustainability, and functionality, all just a short drive from downtown and the convenience of Austin.
Inside, the home features an open-concept living, kitchen, and dining area designed for both everyday living and entertaining, with updated flooring, fresh paint, and a renovated kitchen and primary bath that blend style with comfort. An additional living area or hobby room provides the flexibility to create a home office, studio, or media space to suit your needs.
The outdoor space transforms this property into more than just a home. A separate guest house with 2 bedrooms, 1 bath, living room and office-offers options for visitors, rental income, or multi-generational living. The greenhouse, garden beds, & chicken coop support a sustainable lifestyle, while the converted shipping container workshop & additional storage building provide ample space for projects, tools, or business use. Covered parking for three to five vehicles accommodates cars, equipment, or recreational vehicles, and with horses and animals allowed, the property offers versatility and flexibility. Features such as a generator and rainwater collection system for irrigation enhance both convenience & self-sufficiency, while a large covered patio creates the perfect setting to enjoy the surrounding landscape which includes 14 fruit trees.
Surrounded by natural beauty & backing to protected greenspace, the setting is peaceful and private, yet still conveniently close to town. Whether you are looking to homestead, create, work from home, or simply enjoy more space & quiet, this unique property offers the opportunity to live the lifestyle you have been seeking. Voluntary Country Estates Assoc membership gives access to Pool & Tennis Courts.

THE NEIGHBORHOOD

Explore the location.

1120 Palomino, San Marcos, TX 78666

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1982
Full baths
2
Half baths
1
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Appliances
Dishwasher, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer
Flooring
Tile, Vinyl
Fencing
Back Yard, Chain Link
Accessibility
Standby Generator
Pool features
None
Subdivision
Country Estates Iii
Parcel
1120700000019003
HOA
Country Estates
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
Crockett
Middle school
Miller
High school
San Marcos
Annual property tax
$9,017.53
HOA fee
$50.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$1,147.89
Estimated monthly rent$2,620.83
Cap rate2.44%

Annual operating income: $15,347.20

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1120 Palomino, San Marcos, TX 78666 · MLS #ACT3801649

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Listing information

MLS #ACT3801649 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Holly Morris

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.