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823 Midway Street, San Marcos
$149,999
2 Beds ⋅ 1 Baths ⋅ 628258 MLS
**Location, character, and opportunity in the heart of San Marcos!** Tucked away on a quiet, established street just a short walk from downtown, 823 Midway offers a rare opportunity to own a quarter-acre property in one of San Marcos' charming older residential areas. Built in 1905, this 966-square-foot home is filled with reminders of its past, including original wood flooring, shiplap walls, vintage architectural details, and an inviting covered front porch. Mature trees and natural limestone accents add to the property's character, creating a peaceful setting just minutes from the restaurants, shops, entertainment, and conveniences of downtown San Marcos. For those with vision, the possibilities are exciting! Restore and reimagine this century-old home, preserving its historic charm, or explore the potential for new construction on the generously sized approximately 0.26-acre lot. The home is in need of extensive repairs and renovations and is being offered strictly AS IS, with CASH OFFERS ONLY. Whether you're an investor, renovation enthusiast, or buyer looking for a property where location is the true highlight, 823 Midway offers a unique opportunity to create something special in an established San Marcos neighborhood. Any demolition, redevelopment, or new construction is subject to applicable City of San Marcos requirements and approvals.

823 Midway Street, San Marcos

Courtesy of Century 21 Randall Morris & As
578 Falconwood Dr, San Marcos
$199,900
59410009 MLS
Looking to build your dream home? Check out this 3+ acre lot! Falconwood Subdivision offers country living at its best. Ideally located approximately halfway between San Marcos and Wimberley, this community provides the perfect balance of privacy and convenience. Austin and San Antonio are a short drive away, making commuting or weekend trips easy. Enjoy the serenity of natural landscaping, abundant wildlife and breathtaking night skies free from city lights, all while remaining close to major shopping, dining, and entertainment. A rare opportunity to own acreage in a peaceful setting without sacrificing access to modern amenities.

578 Falconwood Dr, San Marcos

Courtesy of RE/MAX Pearland- Pearland Home Team

Courtesy of RE/MAX Pearland- Pearland Home Team

Listing courtesy of Listing Agent: Maggie McFarland (maggie@pearlandhometeam.com) from Listing Office: RE/MAX Pearland- Pearland Home Team.
2916 Brand Iron Drive, San Marcos
$200,000
2 Beds ⋅ 3 Baths ⋅ 626838 MLS
$200,000 FIRM, priced below every comparable two-story home sold in Blanco Vista in recent history (closed range $215,000 to $245,000) and below every comparable home currently for sale. That is also nearly $48,000 under the 2025 county appraised value of $247,930. A 2021 build at about $157 per square foot, newer than nearly every home it competes with, and about 10 minutes from Texas State University. Vacant, move-in ready and available for a quick close. Cash, Conventional, FHA and VA welcome. Owner financing considered only with a minimum 20% down. The price is firm because the value is already built in. The layout works for owners, roommates and rentals alike: 2 bedrooms and 2 full baths upstairs, with a half bath down for guests. 1,274 sq ft with high ceilings and an open living, dining and kitchen level. Granite counters, large island, stainless appliances and pantry. Refrigerator, range, microwave and dishwasher convey. Covered front porch and a covered second-floor balcony. Alley-access parking pad. Radiant barrier, cellulose insulation and double-pane windows help keep utility costs in check. HOA is $600 per year. Blanco Vista amenities include a junior Olympic pool, splash pad, playgrounds, stocked fishing pond, miles of hike-and-bike trails and Blanco Vista Elementary inside the community. Five Mile Dam Park and the Blanco River are minutes away. The new Buc-ee's and I-35 at Yarrington Rd are just around the corner, with a direct run to Kyle, Buda, Austin, New Braunfels and San Antonio. H-E-B, Target, Costco, downtown San Marcos and the Premium Outlets are close by.

2916 Brand Iron Drive, San Marcos

Courtesy of Real Broker, LLC
2916 Brand Iron Dr, San Marcos
$200,000
2 Beds ⋅ 3 Baths ⋅ 2020741 MLS
$200,000 FIRM, priced below every comparable two-story home sold in Blanco Vista in recent history (closed range $215,000 to $245,000) and below every comparable home currently for sale. That is also nearly $48,000 under the 2025 county appraised value of $247,930. A 2021 build at about $157 per square foot, newer than nearly every home it competes with, and about 10 minutes from Texas State University. Vacant, move-in ready and available for a quick close. Cash, Conventional, FHA and VA welcome. Owner financing considered only with a minimum 20% down. The price is firm because the value is already built in. The layout works for owners, roommates and rentals alike: 2 bedrooms and 2 full baths upstairs, with a half bath down for guests. 1,274 sq ft with high ceilings and an open living, dining and kitchen level. Granite counters, large island, stainless appliances and pantry. Refrigerator, range, microwave and dishwasher convey. Covered front porch and a covered second-floor balcony. Alley-access parking pad. Radiant barrier, cellulose insulation and double-pane windows help keep utility costs in check. HOA is $600 per year. Blanco Vista amenities include a junior Olympic pool, splash pad, playgrounds, stocked fishing pond, miles of hike-and-bike trails and Blanco Vista Elementary inside the community. Five Mile Dam Park and the Blanco River are minutes away. The new Buc-ee's and I-35 at Yarrington Rd are just around the corner, with a direct run to Kyle, Buda, Austin, New Braunfels and San Antonio. H-E-B, Target, Costco, downtown San Marcos and the Premium Outlets are close by.

2916 Brand Iron Dr, San Marcos

Listing courtesy of Listing Agent: Brayson Verzella (brayson@teaminfinitysa.com) from Listing Office: Real Broker, LLC.
812 Gravel Street, San Marcos
$59,999
626000 MLS
Lot available in San Marcos Texas. City water and electric at street. Priced to move. Great Opportunity to own in a growing city.

812 Gravel Street, San Marcos

Courtesy of Hot Spots Locating
1019 Burleson Street, San Marcos
$174,000
624414 MLS
Discover an opportunity to build in the heart of San Marcos! This approximately 0.32-acre residential lot offers a convenient location with easy access to downtown San Marcos, local shopping, dining, Texas State University, and major roadways. Located in the established H.E. Barber Addition, the property provides a great opportunity for buyers looking to build a home in an established area with convenient access to everything San Marcos has to offer. Buyer to verify zoning, utilities, building requirements, and development possibilities with the City of San Marcos.

1019 Burleson Street, San Marcos

Courtesy of Hammer Real Estate Company
1104 Advance Street, San Marcos
$104,900
624182 MLS
Investor and builder opportunity in the heart of San Marcos! This approximately 0.15-acre lot offers an exciting opportunity to create an income-producing property in an established area just minutes from Texas State University and Downtown San Marcos. Zoned for duplex residential use, the property already has conceptual duplex plans prepared, giving buyers a head start on envisioning the possibilities. The proposed plans feature two spacious units, each designed with 3 bedrooms, 3.5 bathrooms and an attached garage-an attractive layout for the strong San Marcos rental market. Current 3-bedroom duplex rentals in the area are leasing around $1,600 per month even without extensive updating, highlighting the potential for newly constructed units with modern finishes. Buyer to independently verify projected rents, zoning, building requirements and development feasibility. The location adds to the investment appeal, with convenient access to Texas State University, Downtown San Marcos, shopping, dining, the San Marcos River and major roadways. Whether you're looking to build and hold as a long-term rental, create housing near the university, or add a new multifamily property to your portfolio, this lot offers a rare opportunity to start with both the land and a duplex concept already in place.

1104 Advance Street, San Marcos

Courtesy of JPAR - New Braunfels
1624 Aquarena Springs Drive Unit F147, San Marcos
$129,700
2 Beds ⋅ 2 Baths ⋅ 623960 MLS
PRICED TO SELL! BRAND-NEW A/C | INVESTMENT POTENTIAL | NEAR TEXAS STATE | RIVER 1.25 MILES AWAY This San Marcos condo offers a smart combination of location, affordability and flexibility—plus a BRAND-NEW A/C SYSTEM, a major-ticket improvement already taken care of for the next owner! Even better, the washer, dryer, refrigerator, stove and dishwasher convey, making this an easy move-in or investment opportunity. Have a student attending Texas State University? They can occupy one suite while the second suite may provide an opportunity for rental income. Investors can also explore the potential of renting the unit to college students, professors or other San Marcos residents. The community offers amenities to enjoy without leaving home, including a swimming pool, BBQ/grilling area and basketball court. Convenient access to TXST with a bus stop, Historic downtown San Marcos, shopping, dining and everything San Marcos has to offer. When it's time to unwind, enjoy the San Marcos River and all the swimming, tubing and outdoor adventures that make San Marcos such a fun place to call home. Come see the possibilities *buyer and buyer's agent to independently verify all information*

1624 Aquarena Springs Drive Unit F147, San Marcos

Courtesy of All City Real Estate Ltd. Co
1203 Hazelton Street Unit B, San Marcos
$149,000
2 Beds ⋅ 2 Baths ⋅ 623362 MLS
Location is everything! This property offers an incredible opportunity in the heart of San Marcos, conveniently located near Texas State University, Downtown San Marcos, shopping, dining, entertainment, and major roadways. Situated on a tree-filled lot with mature landscaping, the property offers plenty of character and potential for a buyer ready to make it their own. Inside, you'll find high ceilings, tile flooring, living and dining spaces, and an abundance of natural light. French doors provide access to the outdoor area, while mature trees create a shaded setting with plenty of possibilities for future outdoor living and entertaining. The home is ready for updates and offers an excellent opportunity for an investor, renovation project, rental property, or buyer looking to add their own personal touches. Property is being sold AS IS, and the seller will make no repairs. With its proximity to Texas State and everything San Marcos has to offer, the possibilities are endless. Bring your vision and take advantage of this hard-to-beat location!

1203 Hazelton Street Unit B, San Marcos

Courtesy of Coldwell Banker D'Ann Harper,
1104 Advance St, San Marcos
$100,000
2009967 MLS
Investor and builder opportunity in the heart of San Marcos! This approximately 0.15-acre lot offers an exciting opportunity to create an income-producing property in an established area just minutes from Texas State University and Downtown San Marcos. Zoned for duplex residential use, the property already has conceptual duplex plans prepared, giving buyers a head start on envisioning the possibilities. The proposed plans feature two spacious units, each designed with 3 bedrooms, 3.5 bathrooms and an attached garage-an attractive layout for the strong San Marcos rental market. Current 3-bedroom duplex rentals in the area are leasing around $1,600 per month even without extensive updating, highlighting the potential for newly constructed units with modern finishes. Buyer to independently verify projected rents, zoning, building requirements and development feasibility. The location adds to the investment appeal, with convenient access to Texas State University, Downtown San Marcos, shopping, dining, the San Marcos River and major roadways. Whether you're looking to build and hold as a long-term rental, create housing near the university, or add a new multifamily property to your portfolio, this lot offers a rare opportunity to start with both the land and a duplex concept already in place.

1104 Advance St, San Marcos

Listing courtesy of Listing Agent: Tiffany Legrand (tlegrandrea@gmail.com) from Listing Office: JPAR New Braunfels.
205 Lily Pond Trl, San Marcos
$200,000
3 Beds ⋅ 2 Baths ⋅ 33399411 MLS
Welcome home to this charming single-story, 3-bedroom, 2-bathroom residence in the desirable Cottonwood Creek subdivision! Spanning 1,417 sq ft, this modern 2022 build offers a functional, open-concept floor plan designed for effortless daily living and entertaining. The light-filled kitchen features granite countertops, an oversized island with seating, a decorative tile backsplash, and energy-efficient appliances. Unwind in the private primary suite featuring a secluded full bathroom and a spacious walk-in closet. Step outside to enjoy the fully fenced backyard with a covered patio, perfect for relaxing or outdoor gatherings. Community amenities include walking trails and a neighborhood playground, all with easy access to I-35, local dining, and Texas State University.

205 Lily Pond Trl, San Marcos

Courtesy of Metrolina Estate Realty, LLC

Courtesy of Metrolina Estate Realty, LLC

Listing courtesy of Listing Agent: Anthony Giglio (mls@realtycooperative.com) from Listing Office: Metrolina Estate Realty, LLC.
1221 W Hopkins Unit 2, San Marcos
$194,000
2 Beds ⋅ 2 Baths ⋅ 2005282 MLS
Extensively updated 2-bedroom, 1.5-bath condo in a prime San Marcos location, just one mile from Texas State University and minutes from downtown, the San Marcos River, parks, shopping, dining, and I-35. Thoughtful renovations create a fresh, modern feel throughout. The kitchen features new countertops, cabinet doors and hardware, sink, faucet, refrigerator, and flooring. Fresh interior paint, updated lighting, new door hardware, and new flooring on the main level provide a cohesive look, while the updated half bath includes all-new fixtures. Upstairs, enjoy spacious bedrooms, a refreshed full bath with a professionally refinished tub, new faucet and lighting, plus a professionally installed water heater with exterior drainage. The HVAC has also been professionally cleaned. Outdoor improvements include a new wood deck, native landscaping, decorative rock, a French drain, and enhanced drainage for easy, low-maintenance living. With stylish updates, functional improvements, and an unbeatable location near Texas State, downtown San Marcos, H-E-B, the outlets, and major commuter routes, this home is an excellent opportunity for owner-occupants or investors, subject to HOA restrictions.

1221 W Hopkins Unit 2, San Marcos

Listing courtesy of Listing Agent: Andrea Barton (info@andreabartonrealty.com) from Listing Office: Keeping It Realty.
1202 Thorpe Lane Unit 614, San Marcos
$161,500
2 Beds ⋅ 2 Baths ⋅ 621003 MLS
Why Rent When You Can Own? Located in the heart of San Marcos, this beautiful second-floor unit offers comfort, convenience, and plenty of space. Features include: Vaulted ceilings Ceiling fans Wood-burning fireplace ?? Fresh paint ZERO CARPET! Large covered patio Washer, dryer & refrigerator convey! Primary Suite: Two closets, a large vanity with seating area, extra storage, and direct access to the spacious covered patio. Secondary Bedroom: Spacious closets plus patio access. Whether you're looking for your first home, a place near everything San Marcos has to offer, or an investment opportunity, this one is worth a look!!

1202 Thorpe Lane Unit 614, San Marcos

Courtesy of Four22 Realty Group, LLC
356 Spiny Lizard Lane, San Marcos
$179,500
2 Beds ⋅ 2 Baths ⋅ 620736 MLS

356 Spiny Lizard Lane, San Marcos

Courtesy of Ryan Thomason Real Estate Co
1408 N Bishop Street, San Marcos
$99,999
620720 MLS
This lot is one of three offered on Bishop Street, the other two are TBD Bishop, and 1410 Bishop (the corner lot of Bishop and Franklin). This lot is between 1410 and TBD Bishop. All lots are in a great location with frontage on Bishop Street, not far from Crockett Elementary and short bike ride to TXST. Lot is level and has a few mature trees.

1408 N Bishop Street, San Marcos

Courtesy of Coldwell Banker D'Ann Harper,
1410 N Bishop Street, San Marcos
$99,999
620721 MLS
This lot is one of three offered on Bishop Street, the other two are 1408 Bishop, and TBD Bishop. Located on the corner of Bishop and Franklin. All lots are in a great location with frontage on Bishop Street, not far from Crockett Elementary and short bike ride to TXST. Lot is level and has a few mature trees.

1410 N Bishop Street, San Marcos

Courtesy of Coldwell Banker D'Ann Harper,
TBD Bishop Street, San Marcos
$99,999
620719 MLS
This lot is one of three offered on Bishop Street, the other two are 1408 Bishop, and 1410 Bishop (the corner lot of Bishop and Franklin). This lot is between 1408 and 1404 Bishop street and does not have a street number. All lots are in a great location with frontage on Bishop Street, not far from Crockett Elementary and short bike ride to TXST. Lot is level and has a few mature trees.

TBD Bishop Street, San Marcos

Courtesy of Coldwell Banker D'Ann Harper,
1410 N Bishop, San Marcos
$99,999
2003144 MLS
This lot is one of three offered on Bishop Street, the other two are 1408 Bishop, and TBD Bishop. Great location at the corner of Bishop and Franklin. All lots are in a great location with frontage on Bishop Street, not far from Crockett Elementary and short bike ride to TXST. Lot is level and has a few mature trees.

1410 N Bishop, San Marcos

Listing courtesy of Listing Agent: Michelle Mehrens (mmehrens@cbharper.com) from Listing Office: Coldwell Banker D'Ann Harper.
1408 N Bishop, San Marcos
$99,999
2003135 MLS
This lot is one of three offered on Bishop Street, the other two are TBD Bishop, and 1410 Bishop (the corner lot of Bishop and Franklin). This lot is between TBD and 1410 Bishop street. All lots are in a great location with frontage on Bishop Street, not far from Crockett Elementary and short bike ride to TXST. Lot is level and has few mature trees.

1408 N Bishop, San Marcos

Listing courtesy of Listing Agent: Michelle Mehrens (mmehrens@cbharper.com) from Listing Office: Coldwell Banker D'Ann Harper.
TBD Bishop North, San Marcos
$99,999
2003128 MLS
This lot is one of three offered on Bishop Street, the other two are 1408 Bishop, and 1410 Bishop (the corner lot of Bishop and Franklin). This lot is between 1408 and 1404 Bishop street and does not have a street number. All lots are in a great location with frontage on Bishop Street, not far from Crockett Elementary and short bike ride to TXST. Lot is level and has a few mature trees.

TBD Bishop North, San Marcos

Listing courtesy of Listing Agent: Michelle Mehrens (mmehrens@cbharper.com) from Listing Office: Coldwell Banker D'Ann Harper.
1105 Hillyer Street, San Marcos
$69,000
620581 MLS
Rare opportunity to buy a duplex lot in San Marcos. Come build! Secluded lot with private drive to lot. Close to the Wonder World Park. Utilities available.

1105 Hillyer Street, San Marcos

Courtesy of Clark Real Estate Agency
1412 W Hopkins Street, San Marcos
$149,000
620427 MLS
Set near the heart of San Marcos, 1412 Hopkins Street offers a cleared homesite with mature trees, open green space, and excellent potential for a new build. The lot is already open and usable, creating a strong starting point for a custom residence, investment property, or future development opportunity. The property combines a peaceful, tree-shaded setting with close proximity to downtown San Marcos, local shops, restaurants, H-E-B, Texas State University, and major area conveniences. Aerial views highlight its central location near established neighborhoods, commercial corridors, and the vibrant downtown district. With its cleared layout, mature canopy, and convenient in-town position, this property is ready for the next owner to bring their vision to life. Verify zoning, utilities, building requirements, and intended use with the appropriate city and county offices.

1412 W Hopkins Street, San Marcos

Courtesy of Coldwell Banker D'Ann Harper,
4800 Redwood Rd, San Marcos
$85,000
1995446 MLS
Discover the opportunity to own a beautiful rural homesite with endless potential! This property is being divided from a larger tract, with approximately 1-8 acres being conveyed with potential frontage. A portion of the private driveway will be included, providing access to your own secluded and wooded retreat. Enjoy the peace and privacy of country living with little to no known restrictions, making this an ideal location for your dream home, barndominium, recreational getaway, or future investment. The property's wooded landscape offers a natural setting with plenty of room to explore and create your vision. With excellent accessibility and possible commercial potential (buyer to verify all intended uses with the appropriate authorities), this tract presents a rare opportunity for a variety of uses. The property has not yet been surveyed or platted, and the final acreage, boundaries, and legal description will be determined upon completion of the survey. Don't miss your chance to own a versatile piece of Texas land with privacy, flexibility, and outstanding potential.

4800 Redwood Rd, San Marcos

Listing courtesy of Listing Agent: Jaime Cuevas (jaimecuevasrealtor@gmail.com) from Listing Office: Real Broker, LLC.
1121 Stagecoach Trail, San Marcos
$200,000
616558 MLS
Rare opportunity to own a beautiful 1.01-acre homesite in the highly desirable Willow Creek Estates community of San Marcos. This exceptional lot features beautiful mature Oak Trees, a level building site, and the perfect setting to create your custom dream home. The flat terrain offers flexibility for a variety of home designs while preserving the natural beauty and privacy.Enjoy the peaceful charm of Hill Country living with plenty of space to build, entertain, and enjoy the outdoors. Conveniently located near shopping, dining, schools, and major commuting routes, this property offers the ideal combination of country tranquility and city convenience.Whether you're ready to build now or invest for the future, this premium acre lot presents a unique opportunity in one of the area's most sought-after communities. Bring your builder and start planning your Texas dream home today!

1121 Stagecoach Trail, San Marcos

Courtesy of RE/MAX GO - NB
1405 River Rd, San Marcos
$170,000
3 Beds ⋅ 2 Baths ⋅ 1970958 MLS
Opportunity awaits with this 3-bedroom, 2-bath single-wide manufactured home conveniently located near the university with quick access to IH-35. Previously used as a rental property, this home offers great potential for an investor, rental portfolio addition, or buyer looking for an affordable property they can make their own. Conveniently situated close to shopping, restaurants, and everyday conveniences. Home will need cleanup and TLC but offers plenty of potential at an affordable price point. Great location with easy commuting access and nearby amenities.

1405 River Rd, San Marcos

Listing courtesy of Listing Agent: Susana Longoria (susiesellstexas@gmail.com) from Listing Office: Fathom Realty.
1405 River Road, San Marcos
$200,000
3 Beds ⋅ 2 Baths ⋅ 615177 MLS
Opportunity awaits with this 3-bedroom, 2-bath single-wide manufactured home conveniently located near the university with quick access to IH-35. Previously used as a rental property, this home offers great potential for an investor, rental portfolio addition, or buyer looking for an affordable property they can make their own. Conveniently situated close to shopping, restaurants, and everyday conveniences. Home will need cleanup and TLC but offers plenty of potential at an affordable price point. Great location with easy commuting access and nearby amenities.

1405 River Road, San Marcos

Courtesy of Fathom Realty, LLC
943 Field Street, San Marcos
$115,000
614948 MLS
Rare Opportunity to get a build ready lot steps from the Spring fed San Marcos River and Rio Vista Park! Located in the highly desired Rio Vista neighborhood, this Lot features Amazing Mature Oaks and Pecan Trees with a cleared building site in the middle. All utilities (water, sewer, electric) are on site ready to access! Fully fenced with 7ft Cedar privacy on one side. Good size lot over 7,500 sq ft with plenty of options for multiple floorplans and layouts. Prime location just steps to San Marcos River/Rio Vista Park, and easy walk/bike ride to Downtown Square, TX State Campus, Library, Rec Center and super easy I-35 access! Tremendous Investor/Short term rental location! Build to live, Build to rent, cant go wrong! Owner/ Agent

943 Field Street, San Marcos

Courtesy of All City Real Estate Ltd. Co
1209 Barbara Drive, San Marcos
$89,500
614941 MLS
Unique Opportunity to get a build ready lot with alley access close to the San Marcos River and JJ Stokes Park! Lot is cleared and ready with recent Survey! All utilities (water, sewer, electric) are on site ready to access! Good size lot over 8,000 sq ft with plenty of options for multiple floorplans and layouts. Alley access provides opportunity for detached garage or ADU with separate access. Prime location near River, Downtown Square, TX State Campus, and super easy I-35 access! Build to live, build to rent, cant go wrong! Owner/ Agent

1209 Barbara Drive, San Marcos

Courtesy of All City Real Estate Ltd. Co
507 Bliss Lane, San Marcos
$199,000
2 Beds ⋅ 1 Baths ⋅ 614390 MLS
Great corner lot in an old established neighborhood. Completely remodeled 2 bedroom, 1 bath home with room to create another living space. Oversized garage. Priced to sell! Extremely motivated seller! Ready for your offer!

507 Bliss Lane, San Marcos

Courtesy of Century 21 Randall Morris & As
138 Rush Haven Unit F073, San Marcos
$199,900
3 Beds ⋅ 3 Baths ⋅ 611226 MLS
Spacious and versatile 3-bedroom, 3-bath condo-style home available in San Marcos, conveniently located near Texas State University and San Marcos Regional Airport, with easy access to New Braunfels. This unique property features two separate living areas and dual private entrances, offering excellent flexibility for a variety of living arrangements. The downstairs area can function as its own private 1-bedroom, 1-bath suite complete with a kitchen, making it ideal for roommates, guests, or extended family. The home also includes a small fenced yard and a 2-car garage, providing both comfort and convenience. With its adaptable layout and prime location, this property is perfect for those seeking privacy, multi-generational living, or even rental income potential. Also the seller will pay for the HOA dues for 1 year.

138 Rush Haven Unit F073, San Marcos

Courtesy of Clark Real Estate Agency

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 

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