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    Land with Event Venue Cabin Title is generated by Realmo AI

    1218 Oakwood Loop, San Marcos, TX 78666

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    Claim this Listing
    For Sale
    $2,500,000

    LAND - San Marcos, TX

    Property size:
    2,300 SF
    Lot size:
    24.00 Acres
    Price / SF:
    $1,086/SF
    Added:
    May 28, 2025
    Days on Market:
    374
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 1218 Oakwood Loop

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Lighting, OutdoorGrill, PrivateEntrance, PrivateYard, Storage
    Fencing
    Gate, Fenced
    Standard status
    Active
    APN
    1160010000023008
    Lot size
    24.00 Acres

    Taxes and HOA fees

    Tax Description
    24+/- acres out of OAKWOOD HILLS UNRECORDED

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Window Unit(s), Ceiling Fan(s), Central Air
    Water source
    Well

    Building Details

    Year built
    1984
    Additional Structures
    Storage, Barn(s)

    We can help!

    Listing Contact
    David Murray

    Listing agent David Murray License #0340639

    Listing office Keller Williams Realty Austin, TX

    Listing date May 28, 2025

    MLS# 20654721 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Hand‑built 2,300 SF log cabin built in 1984 with vaulted ceilings
    • 3 fireplaces plus a wood‑burning stove in the primary bedroom
    • Stone chapel seating up to 80 guests for events and gatherings
    • Outdoor entertaining includes veranda overlooking a koi pond, cabana, standalone pool, and outdoor kitchen with stone grill and fire pit
    • On‑site amenities for horses include a barn with stables and a corral
    • Utilities include well water and septic tank; central heat and central air with ceiling fans and window units

    Overview

    A 24-acre hill country estate built for privacy and guest hosting, anchored by a hand-built 2,300 sqft log cabin. The rustic, elegant interior features vaulted ceilings and a kitchen with mosaic tile backsplash, granite countertops, custom cabinetry, gas range, and a gourmet stainless steel sink. Comfort is carried throughout with three fireplaces, including two stone hearths and a wood-burning stove in the primary bedroom, plus two full baths with distinctive finishes. Outside, enjoy a veranda overlooking a koi pond, stone patio, and cabana, along with a standalone pool, an outdoor kitchen with stone grill, and an expansive fire pit. At the center of the grounds is a meticulously crafted stone chapel, an open-air sanctuary designed to seat 80 guests, complemented by a raised stage for live performances. Equestrian and utility improvements include a barn with stables and a corral, plus a stone rabbit house.

    Situated just minutes from both Wimberley and San Marcos, the property balances seclusion with accessibility to Austin and San Antonio, with easy access to Ranch Road 12. Local attractions nearby include Hill Country Studios and Jacobs Well, providing convenient draw for visitors and renters.

    Served as both a profitable STR and a beloved homestead, the estate offers multiple operating options for an owner-operator or investor, including private retreat, income-generating short-term rental, or a destination event venue. With its cabin accommodations, purpose-built chapel, and extensive outdoor gathering features, it is well positioned for weddings and other memorable events, while the on-site equestrian setup supports lifestyle-focused buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sacred Passages Chapel Church

    Suggested Use

    Law Firm Auto Repair Shop Hotel & Motel Department Store Garden Center Furniture & Home Goods Veterinary Clinic Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Hays
    State
    Texas
    Longitude
    -98.0644777
    Latitude
    29.9458478

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    FAQs

    What type of property is this?
    Wedding venue - Hill country property with a log cabin, open-air chapel seating 80, pool, and equestrian facilities for private or hosted events.
    Where is this wedding venue located?
    The property is located at 1218 Oakwood Loop San Marcos, TX.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Hand‑built 2,300 SF log cabin built in 1984 with vaulted ceilings; 3 fireplaces plus a wood‑burning stove in the primary bedroom; Stone chapel seating up to 80 guests for events and gatherings
    (512) 448-4111
    We can help!
    Listing Contact
    David Murray
    Real Estate License ID: 0340639
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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