San Marcos Real Estate Search

San Marcos Properties between $1,500,000 and $2,000,000 for Sale

Our website features the best real estate search for between $1,500,000 and $2,000,000 properties available in San Marcos and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest San Marcos Properties between $1,500,000 and $2,000,000 for Sale

$1,650,000
5 Beds ⋅ 4 Baths ⋅ 616750 MLS
Very private ag-exempt (wildlife) country home with 20 acres on a private road w/ two fenced pastures. This lushly landscaped home provides various blooming flowers, plants, trees, and vegetation with a pool, spa, screened-in gazebo, treehouse, playscape, porches, guest house, and plenty of room to roam in the hilly terrain behind the main house. The barn(32x60) has a full kitchen (24x32), and three large work area bays. A few of the recent upgrades include a new roof and gutters (2021), sprinkler system (2019), emergency generator & 1000 gallon propane tank (2020), barn upgrades, and a large chicken coop (12x18) which has gardenias, mature trees, and a large electric fenced area, along with many more upgrades throughout the property. Ask your agent for a complete list. The kitchen has a 6-burner gas stove, double ovens, and a large island with a sink. The primary suite includes a fully renovated luxury shower, double sinks, Knotty Wood cabinets and trim, customized walk-in closet spaces, and a second customized closet area. The second bedroom is downstairs, along with two full bathrooms, a large game room, a bar area with sink, cabinetry, a refrigerator, microwave, a living room that leads to the back patio, pool, gazebo, & entertainment area. Upstairs, there are three bedrooms with a full bathroom. There are generous custom cabinetry and storage areas throughout the home and in the 3-car garage. The garage has a double sink, counter space, and cabinets.

501 Lovejoy Lane, San Marcos

Courtesy of Holt & Associates Realty Group
$1,950,000
4 Beds ⋅ 5 Baths ⋅ 1970259 MLS
Welcome to this beautifully furnished 4 bedroom custom riverfront home nestled in the Texas Hills up high on the bluff., Entertain friends and family in your elegant yet comfortable home with beautiful decor. (All furnishing convey) This hill country gem has an attached Casita/Office/guest quarters with a private entry and kitchenette. The greenhouse and garden potting shed next to The separate guest cottage not only has an attached garage/workshop but also a large greenhouse with potting shed. Enjoy a good book from the library shelves or take a stroll down to the riverside to watch the birds and listen to the ripple of the water. You will have the best of both worlds with a short 7 mi drive (on Neighborhoods private gated road) to downtown Wimberley Texas known as the "little slice of Heaven" Wimberley, with fine dining, shops, market days , Ace hardware and HEB is right in your backyard ! The green and shady property is covered with historical Oaks. The wildlife exemption is a real plus when it comes to tax time. A Beautiful Home , Beautiful land , Beautiful views. Come see this quiet Riverside Retreat!

701 River Bend Blvd, San Marcos

Listing courtesy of Listing Agent: Martha Rutherford (martharutherford7@icloud.com) from Listing Office: Preston Granger.
$1,975,000
614136 MLS
This is an excellent opportunity on 12.22 AC of land OCL of San Marcos and minutes from Texas State University for multifamily or commercial use. This tract has over 350’ of Old Ranch Rd 12 frontage with a 16” waterline approved for connection and wastewater access available nearby. The property has been cleared leaving mature oaks and level to rolling terrain for construction. Notable features include direct access to downtown San Marcos and minutes to IH 35 and Wimberley. No city zoning requirements or deed restrictions make this property very unique and open to a wide range of development opportunities. This property is currently fully engineered and shovel ready for an 80 space luxury RV park. City sewer is just south of the property and can be extended per the city. Seller willing to subdivide.

2404 Rr 12, San Marcos

Courtesy of Anders Pierce Realty, LLC
$1,975,000
1967916 MLS
This is an excellent opportunity on 12.22 AC of land OCL of San Marcos and minutes from Texas State University for multifamily or commercial use. This tract has over 350' of Old Ranch Rd 12 frontage with a 16" waterline approved for connection and wastewater access available nearby. The property has been cleared leaving mature oaks and level to rolling terrain for construction. Notable features include direct access to downtown San Marcos and minutes to IH 35 and Wimberley. No city zoning requirements or deed restrictions make this property very unique and open to a wide range of development opportunities. If you're looking to build a luxury RV park, this property has been fully engineered and is shovel ready! Sewer line is just south of the property and can be extended per the city. Seller willing to subdivide.

2404 Old Ranch Rd 12, San Marcos

Listing courtesy of Listing Agent: Derek Slafka (derek@anderspierce.com) from Listing Office: Anders Pierce Realty.
$1,700,000
3 Beds ⋅ 3 Baths ⋅ 606037 MLS
THIS IS A ONE-OF-A-KIND PROPERTY. MAIN HOME PLUS 4-PLEX WITH 4 EFFICIENCY APARTMENTS, 1 GUEST HOUSE THAT IS AN EFFICIENCY APARTMENT, PLUS EFFICIENCY IN A CONVERTED GARAGE AND AN ADDITONAL BUILDING USED FOR A GYM FOR THE COMPLEX. A TOTAL OF 7 HOMES, INCOME PRODUCING OR MULTI-GENERATIONAL COMPLEX OR GREAT FOR RETREAT OR SHORT-TERM RENTAL. THE MAIN HOME IS 2822 SF, 3 BEDROOMS, 2.5 BATHS, LARGE FOYER, CHEF'S KITCHEN WITH LARGE BREAKFAST BAR ISLAND, DOUBLE OVEN, DOUBLE STAINLESS STEEL SINK, UPGRADED COUNTER TOPS AND LOTS OF CABINETS, PLUS A LARGE PANTRY. THE FOYER CAN BE USED AS A FORMAL LIVING AREA, READING ROOM OR MORE. THE LIVING ROOM HAS A BEAUTIFUL STONE FIREPLACE WITH STOVE INSERT AND MADE FOR RELAXING AT THE END OF THE DAY. HUGE FORMAL DINING ROOM ADJOINS THE KITCHEN IS MADE FOR YOUR LARGEST GATHERINGS. THERE IS EVEN A SECOND BREAKFAST BAR AT THE END OF THE KITCHEN. LARGE MASTER WITH AN ADJOINING OFFICE/SITTING AREA CAN BE CLOSED OFF FOR MORE PRIVACY TO USE AS AN OFFICE OR LEFT OPEN FOR LARGER BEDROOM. LUXURY BATH FEATURES CUSTOM WOOD VANITY WITH DOUBLE SINKS, HUGE SHOWER AND BIG CLOSET. THE OTHER TWO BEDROOMS ARE BIG AND HAVE AMPLE CLOSET SPACE. ALL THIS PLUS 6 INCOME PRODUCING HOMES ON THE PROPERTY, A BUILDING FOR A GYM, ALMOST 5 ACRES AND EVEN ACCESS TO AN UNDERGROUND CAVE. 4 OF THE 6 UNITS CURRENTLY RENTED FOR $4400.00 PER MONTH AND KEEPING 2 OPEN FOR SHOWINGS. OUTSIDE OF THE HOMES THEY FEATURE DECKS ON MOST OF THEM TO ENJOY THE QUIET PARK-LIKE SURROUNDINGS. ONLY 3.4 MILES TO TEXAS STATE UNIVERSITY SO THERE IS NEVER A LACK OF PEOPLE WANTING TO RENT THE CABINS.

101 Hunters Glen Drive, San Marcos

Courtesy of San Antonio Elite Realty
$1,700,000
3 Beds ⋅ 3 Baths ⋅ 1944474 MLS
THIS IS A ONE-OF-A-KIND PROPERTY. MAIN HOME PLUS 4-PLEX WITH 4 EFFICIENCY APARTMENTS, 1 GUEST HOUSE THAT IS AN EFFICIENCY APARTMENT, PLUS EFFICIENCY IN A CONVERTED GARAGE AND AN ADDITONAL BUILDING USED FOR A GYM FOR THE COMPLEX. A TOTAL OF 7 HOMES, INCOME PRODUCING OR MULTI-GENERATIONAL COMPLEX OR GREAT FOR RETREAT OR SHORT-TERM RENTAL. THE MAIN HOME IS 2822 SF, 3 BEDROOMS, 2.5 BATHS, LARGE FOYER, CHEF'S KITCHEN WITH LARGE BREAKFAST BAR ISLAND, DOUBLE OVEN, DOUBLE STAINLESS STEEL SINK, UPGRADED COUNTER TOPS AND LOTS OF CABINETS, PLUS A LARGE PANTRY. THE FOYER CAN BE USED AS A FORMAL LIVING AREA, READING ROOM OR MORE. THE LIVING ROOM HAS A BEAUTIFUL STONE FIREPLACE WITH STOVE INSERT AND MADE FOR RELAXING AT THE END OF THE DAY. HUGE FORMAL DINING ROOM ADJOINS THE KITCHEN IS MADE FOR YOUR LARGEST GATHERINGS. THERE IS EVEN A SECOND BREAKFAST BAR AT THE END OF THE KITCHEN. LARGE MASTER WITH AN ADJOINING OFFICE/SITTING AREA CAN BE CLOSED OFF FOR MORE PRIVACY TO USE AS AN OFFICE OR LEFT OPEN FOR LARGER BEDROOM. LUXURY BATH FEATURES CUSTOM WOOD VANITY WITH DOUBLE SINKS, HUGE SHOWER AND BIG CLOSET. THE OTHER TWO BEDROOMS ARE BIG AND HAVE AMPLE CLOSET SPACE. ALL THIS PLUS 6 INCOME PRODUCING HOMES ON THE PROPERTY, A BUILDING FOR A GYM, ALMOST 5 ACRES AND EVEN ACCESS TO AN UNDERGROUND CAVE. 4 OF THE 6 UNITS CURRENTLY RENTED FOR $4400.00 PER MONTH AND KEEPING 2 OPEN FOR SHOWINGS. OUTSIDE OF THE HOMES THEY FEATURE DECKS ON MOST OF THEM TO ENJOY THE QUIET PARK-LIKE SURROUNDINGS. ONLY 3.4 MILES TO TEXAS STATE UNIVERSITY SO THERE IS NEVER A LACK OF PEOPLE WANTING TO RENT THE CABINS.

101 Hunters Glen, San Marcos

Listing courtesy of Listing Agent: Jeff Smith (sasmithgroup@gmail.com) from Listing Office: San Antonio Elite Realty.
$1,800,000
605362 MLS
A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 12 units in a single transaction is exceedingly rare in Central Texas, delivering immediate scale, operational efficiency, and a diversified income stream from Day 1. All units share the same 2BR/2BA configuration, simplifying management, unit turns, and capital planning. San Marcos sits at the nexus of the I-35 corridor between Austin and San Antonio, home to 4 million+ residents and growing. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University (38,000+ enrollment) anchors consistent renter demand, while proximity to Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Proven Income, Four Consecutive Years of Growth Gross rental income has grown every year since 2022, from $151,541 to a projected $161,511 in 2025 (2.1% CAGR). Current rents remain $187 to $287/unit below market comparables of $1,350 to $1,450, representing meaningful upside captured organically as leases renew. $150,000 Per Door, Below Replacement Cost New construction in San Marcos routinely exceeds $200,000 per door. The buyer acquires stabilized, income-producing assets with existing tenants and management infrastructure. No construction risk, no lease-up period, no development timeline. Built in 2012 with a strong remaining useful life on all major systems. Twelve contiguous units across three adjacent parcels create exceptional leverage: one property manager, consolidated vendors, portfolio insurance, and unified accounting, all improving net cash flow versus scattered single-family rentals.

540-566 Crest Circle Drive, San Marcos

Courtesy of Andrew Phillips, Broker
$1,800,000
605135 MLS
A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 12 units in a single transaction is exceedingly rare in Central Texas, delivering immediate scale, operational efficiency, and a diversified income stream from Day 1. All units share the same 2BR/2BA configuration, simplifying management, unit turns, and capital planning. San Marcos sits at the nexus of the I-35 corridor between Austin and San Antonio, home to 4 million+ residents and growing. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University (38,000+ enrollment) anchors consistent renter demand, while proximity to Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Proven Income, Four Consecutive Years of Growth Gross rental income has grown every year since 2022, from $151,541 to a projected $161,511 in 2025 (2.1% CAGR). Current rents remain $187 to $287/unit below market comparables of $1,350 to $1,450, representing meaningful upside captured organically as leases renew. $150,000 Per Door, Below Replacement Cost New construction in San Marcos routinely exceeds $200,000 per door. The buyer acquires stabilized, income-producing assets with existing tenants and management infrastructure. No construction risk, no lease-up period, no development timeline. Built in 2012 with a strong remaining useful life on all major systems. Twelve contiguous units across three adjacent parcels create exceptional leverage: one property manager, consolidated vendors, portfolio insurance, and unified accounting, all improving net cash flow versus scattered single-family rentals.

540-566 Crest Circle Drive, San Marcos

Courtesy of Andrew Phillips, Broker
$2,000,000
554083 MLS
Attention investors seeking something truly unique and historic! Here’s an exceptional opportunity to own a piece of San Marcos history with this turn-of-the-century colonial 8-unit mansion located in the city’s historic district. This rare, multi-family–zoned property features eight distinct units, each offering its own kitchen, bedroom, and bathroom. The property showcases timeless architectural charm with wrap-around porches that enhance its character and curb appeal. Tenant parking is available in a private lot located at the rear of the property, along with an on-site laundry room, adding convenience and value for residents. Ideally situated within walking distance to the downtown square, the property provides easy access to San Marcos’ premier dining, shopping, and entertainment options. The property is 100% leased through Summer 2026 and benefits from a strong, proven rental history, making it a stable, income-producing investment. Opportunities like this—combining history, location, and functionality—are exceptionally rare. The actual date of construction is unknown but is believed to be prior to 1940. Buyer offers and proof of funds are required prior to showings. DO NOT DISTURB TENANTS. Inquire today to learn more and make this historic gem part of your investment portfolio.

527 W San Antonio Street, San Marcos

Courtesy of Vance J. Elliott
$1,750,000
567764 MLS
*Income-Producing Mixed-Use Investment Opportunity* Exceptional opportunity to acquire a partially leased, income-producing commercial property on nearly one acre along highly visible Hopkins Street in San Marcos. This versatile investment consists of two buildings totaling 4,814 square feet, offering immediate cash flow with additional upside through the lease-up of the remaining available space. Building 1 (3,362 SF) is partially leased, with the remaining suites actively marketed for lease, creating the opportunity to increase occupancy and future income. Building 2 (1,452 SF) is fully leased, providing established rental revenue from day one. Zoned Mixed Use, the property offers exceptional flexibility for a variety of commercial and residential uses, supporting long-term investment value. The available suites feature a mostly white-box interior, allowing for efficient tenant finish-out and broad leasing appeal. Positioned on one of San Marcos' primary commercial corridors, the property benefits from excellent visibility, strong traffic counts, ample parking, and convenient access to IH-35, Texas State University, downtown San Marcos, and the area's continued residential and commercial growth. Whether you're expanding your commercial portfolio, completing a 1031 exchange, or seeking an investment with both current income and future upside, this property offers the rare combination of existing cash flow, leasing potential, and long-term appreciation. Contact Broker for more details.

715 W Hopkins Street, San Marcos

Courtesy of Monica & Company Real Estate
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