All of the zoning, development agreements, utility service plans and on-site improvements have been approved by the City of San Marcos. Phase 1, Section 1, which includes the construction of the new Bowie Elementary School, on-site utilities, roads and central detention pond, has been completed. In addition, Cottonwood Creek is grandfathered under the old Capital Recovery Fee which totals $890 per lot. The current Capital Recovery Fee is $4,651 per lot.

This subdivision is designed to create a diverse range of housing availability including single family, town home, garden home, condominium, duplex, apartment and zero lot line. There are over forty acres of parkland green space for recreational and aesthetic enjoyment located within the subdivision. Commercial Tracts are located within the subdivision, as well. The new San Marcos High School, which has an anticipating opening date of August 2007, is located adjacent to our Multi-Family Site on the west side of Highway 123.

Available for sale are Phases 1, 3 and 4. The 2.51 acre Public Zoned Fire and EMS site in Phase 3 is not available for sale. The residential property alone consists of 312.36 acres and a total of 1,376 lots.

The first 102 lots are part of Phase 1 of the subdivision. They are currently being finished out. These lots will be ready for homes this summer. The average approximate lot size of the 102 lots is 50’x120’. The 102 Finished Residential Lots can be purchased for $2,907,000.00.

At this time, all of Phase 1, a total of 463 lots, can be purchased for $7,000,000.00.

The paper lots in Phases 3 and 4 are $9,000 each, for a total of $8,217,000. The commercial sites will be priced out by request.

Currently, the only section in Phase 2 that is available for sale is the 20.95 acre Multi-family apartment site. It is zoned for an allowable density of 18 units per acre. Utilities are in place. The price is $2.50 per square foot, for a total of $2,280,000.

Also included with the sale are the improvements previously completed. The finished improvements include utilities to the subdivision, subdivision entrance, the entrance street – Monterrey Oak, lift station, central detention pond and improvements to State Highway 123, including left hand turn lane.

Home Builders are invited to discuss their interest in all or a portion of the lots in this project. Please contact Randall Morris for information and a meeting.