Investment Opportunity | San Marcos, Texas
A 2.43-acre covered land play on one of Central Texas's fastest-transforming corridors. The property currently operates 14 rental units generating over $170,000 in annual income with an NOI near $80,000. Situated in the ETJ, unrestricted, with the San Marcos city limit on the property line. Mid-to-long-term highest and best use is a multi-story apartment complex. Luxury apartments and a major D.R. Horton single-family development are already built and operating directly adjacent. New infrastructure is going in all around. The land underneath this income-producing property is actively appreciating.
The Property · 14 Existing Rental Units on 2.44 Acres
1 / 17
Neighborhood Drive-Around
New infrastructure is arriving around 1321 Harris Hill Road in real time. Sewer lines and expanded electrical capacity that were not here just a few years ago now sit right across the street. As residential density continues to build, commercial demand is likely to follow. An opportunistic developer can secure the property now at a discounted price and be positioned ahead of the next growth wave in this area.
Photo 01 of 15
Standing at the entrance of 1321 Harris Hill Road, the newly completed Whispering Pointe Apartments are clearly visible just across the street. What was open land just a few years ago is now a thriving luxury residential community, and this view captures exactly why this property sits at the center of something significant.
Photo 02 of 15
On Harris Hill Road, just steps from the property entrance, the scale of surrounding development comes into full view. New infrastructure, streetlights, and paved access roads line this corridor as the neighborhood actively builds itself up.
Photo 03 of 15
The gated apartments of Whispering Pointe Apartments sits just 0.2 miles from the entrance to 1321 Harris Hill Road. Proximity to a leasing luxury apartment community means demand for services, infrastructure, and density is already here and growing.
Photo 04 of 15
Whispering Pointe offers one, two, and three-bedroom luxury apartments with granite countertops, stainless steel appliances, and private patios or balconies. Amenities include a swimming pool, fitness center, dog park, pet spa, and a community playground.
Photo 05 of 15
With convenient access to Texas State University, San Marcos CISD schools, and major shopping and dining destinations, Whispering Pointe draws quality long-term residents who value affordability and convenience. That consistent, demand-driven occupancy is exactly what underpins land value in this corridor and positions neighboring properties like 1321 Harris Hill Road for long-term appreciation.
Photo 06 of 15
Now leasing and actively filling its units, Whispering Pointe is bringing hundreds of new residents to this stretch of Harris Hill Road. That steady influx reinforces commercial interest in the area and directly supports the long-term development case for surrounding land.
Photo 07 of 15
Just 0.4 miles from the property entrance, this intersection marks the beginning of Whisper South, a D.R. Horton single-family home development that is now actively selling and under construction. Homes here range from the $297,990s, and new roads, utilities, and lots are being built out at pace.
Photo 08 of 15
Aiken Drive runs directly adjacent to Whispering Pointe Apartments and serves as the primary connector into the Whisper South community. The corridor has all the markers of a maturing neighborhood: finished roads and a growing residential population already within walking distance of the subject property.
Photo 09 of 15
Inside Whisper South, built by D.R. Horton, America's largest homebuilder, infrastructure is fully in place and homes are actively rising across the development. The community offers floor plans ranging from 1,396 to 2,497 square feet, priced from the $297,990s. Roads, curbs, and utilities are complete. Construction is accelerating.
Photo 10 of 15
From deep inside the Whisper South development, Whispering Pointe Apartments are visible in the distance. This single frame illustrates just how tightly interconnected these two major residential communities are, and how close all of this activity sits to 1321 Harris Hill Road.
Photo 11 of 15
A fully paved and settled street inside Whisper South shows how quickly this development has matured. New homes on both sides are occupied or nearly complete, establishing the feel of a real, established neighborhood.
Photo 12 of 15
Another street inside Whisper South with active construction on multiple lots. With homes priced from the $297,990s, buyer demand remains strong. Multiple homes are already under contract. D.R. Horton's track record of building and selling at scale in this market means this community will be fully built out in the near term.
Photo 13 of 15
The community playground at Whisper South is finished, fenced, and already in use. Amenities like this signal that families are moving in and the neighborhood is fully operational.
Photo 14 of 15
The Whisper South model home welcomes prospective buyers daily, with Whispering Pointe Apartments clearly visible in the background. This one frame captures two major residential communities, side by side, just outside the entrance of 1321 Harris Hill Road.
Photo 15 of 15
A final view from inside Whisper South, looking back toward Whispering Pointe Apartments. Open land along this corridor is being converted into homes, infrastructure, and community from every direction.