Date
Details
Price
Change
Source
6/03/2026
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
12.184 acres located in the high-growth area of downtown San Marcos. Currently zoned for multi-family with an Ag Exemption. Flat building space with easy access off North-Bound IH 35 access road. Can be purchased or Leased. The property is often described as a "Developer's Deal" with significant potential for Value Added project. Location: Smith Lane, San Marcos, TX 78666 (Hays County) Size: 12.184 Acres (approx. 530,735 sq ft) Listing Price: $3,000,000 or can be leased with Option to Buy Zoning: SF-6 (Single-Family) Neighborhood: Blanco Gardens - Currently has Ag Exemption Property Features & Potential Development Potential: Suitable for dense residential, townhomes, or build-for-rent communities, with rezoning potential for higher density. Location Highlights: Situated one block off I-35 with easy access. Utilities: Public water and sewer are available. Site Condition: Cleared and level, described as an "open lot" or pasture. Constraints: The entire property is located within the 100-year floodplain, but is being considered for the Blanco Gardens Drainage Improvement Project. Access: Two access points, including Smith Lane and an alley on the east side.
Full Property Details
Full Property Details for 123 Smith Ln Commons
General
- Price: $3,000,000
- Taxes: (2025)
- Status: Active
- Type: Agricultural Land
- Source: Austin_MLS
- MLS ID: 6086199
- Updated: 6/3/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: See Remarks
Additional Information
- Security/Safety: None
- Equipment: None
Parking
- Parking Features: None
Location
- Area: HH
- County: Hays
- Subdivision: A0017-2 JUAN M VERAMENDI SURVEY #2
- Driving Directions: Get on TX-45 E/TX-45 Toll Continue on TX-45 E/TX-45 Toll. Take TX-130 S/TX-130 Toll S and I-35 S to S I-35 South Frontage Rd/N Interstate 35 in San Marcos. Take exit 205 from I-35 S 53 min (64.1 mi) Continue on S I-35 South Frontage Rd/N Interstate 35 to your destination
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: None
- Water: None
- Utility Description: None, Sewer Not Available, Water Not Available
Structural Information
- Detached/Attached: Detached
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Agricultural
- Year Built: 2026
- Year Built Source: See Remarks
- Property Condition: See Remarks
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 12.184
- Lot Size (Sq. Ft.): 530,735.04
- Lot Size Source: Public Records
Financial Considerations
- Assessment Amount: $3,231,540
- Tax Year: 2025
- Terms: See Remarks
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Survey
- Legal Description: A0017-2 JUAN M VERAMENDI SURVEY #2, TRACT 259, ACRES 12.184
- Disclosures/Reports: Owner Is Listing Agent
- Property ID: R12233
Listed by Berkshire Hathaway TX Realty
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Listing agents
— 123 Smith Ln Commons —
Berkshire Hathaway TX Realty
Berkshire Hathaway TX Realty
(512) 483-6000
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 123 Smith Ln Commons
School District:San Marcos Consolidated Independent School District
| Name | Grades | Distance |
|---|---|---|
Mendez Elementary School 1805 Peter Garza Drive, San Marcos, TX 78666 | K-5 | 1.7 mi |
Goodnight Middle School 1301 Texas Highway 123, San Marcos, TX 78666 | 6-8 | 1.3 mi |
San Marcos High School 2601 Rattler Road, San Marcos, TX 78666 | 9-12 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 Smith Ln Commons
Tax History
Tax History for 123 Smith Ln Commons
Year
Property Taxes
Change
Tax Assessment
Change
2024
$815
-25%
$177,232
10%
2023
$1,088
-10%
$161,120
10%
2018
$1,206
-7%
$146,473
10%
2022
$1,303
-6%
$133,157
10%
2021
$1,381
6%
$121,052
10%
2020
$1,306
-42%
$110,047
21%
2018
$2,239
9%
$90,948
10%
2017
$2,045
4%
$82,680
2%
2016
$1,958
-17%
$81,444
-19%
2019
$2,353
31%
$100,043
34%
2015
$1,800
10%
$74,657
10%
2014
$1,638
2%
$67,870
2%
2013
$1,599
—
$66,260
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 Smith Ln Commons
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 5Total Baths
123 Smith Lane Commons, San Marcos, TX 78666 (MLS# 6086199) is a Agricultural Land property. 123 Smith Lane Commons is currently listed for $3,000,000 and was received on June 03, 2026. Want to learn more about 123 Smith Lane Commons? Do you have questions about finding other Agricultural Land real estate for sale in San Marcos? You can browse all San Marcos real estate or contact a Coldwell Banker agent to request more information.