Lodges at Parker's Pond 5024 Old Bastrop hwy

Hill Country Ranch-Style Student Build-to-Rent Community
Lodges at Parker’s Pond is a student housing community near Texas State University containing 17 free-standing, single-family homes built between 2014 and 2021. All units are all 4-Bed/4-Bathroom floor plans averaging 1,860 square feet and feature full-sized washers/dryers, private patios in all bedrooms, privately-fenced backyards with scenic hill country views, and free cable and high-speed internet service. Lodges at Parker’s Pond is truly a unique housing option for students as it offers an alternative country lifestyle with low density and 40 acres of open space. The property shares ownership in the adjacent Parker’s Pond giving residents access to a catch-and-release fishing pond that stays fully stocked with bass and other native fish.
Booming San Marcos, Texas State University Housing Fundamentals
Lodges at Parker’s Pond is conveniently located off Old Bastrop Road, just 15 minutes from the Texas State University Campus and downtown San Marcos. The property is directly behind the Tanger Facility and Premium outlet malls, which contain over 240 stores and restaurants including Abercrombie, Banana Republic, Calvin Klein, Express, Forever 21, H&M, Levi’s, Reebok and endless other options.
Advantageous Partial Agriculture Tax Exemption
Current ownership utilizes a partial floodplain area of the property for cattle ranching, which gives a partials property tax exemption. Upon sale, current ownership intends to execute a lease on the floodplain area to continue cattle operations, thus extending the partial agricultural exemption to future ownership.
Privately Owner-Operated, Significant Revenue Upside
Lodges at Parker’s Pond stands out in the city of San Marcos by offering some of the largest floor plans available in the student housing market. Current rental rates are below what the market could support for similar four-bedroom student housing deals in the area with comparable properties indicating rents could be increased by over $300 per unit. In addition, current ownership is not charging residents for trash and cable/internet services, offering strong upside in additional revenue.
Existing Plans for Additional 13 Homes
The property was originally designed and planned for 30 total homes, giving significant upside to prospective buyers to utilize these plans and construct 13 additional homes. All existing plans shall convey with real estate purchase.