Two separate homes on a 3-acre parcel in Country Estates offering Hill Country views and no city taxes (located in the Hays County ETJ). This property also features an ASSUMABLE RATE FHA LOAN for qualified buyers - a rare financing advantage in today's market. The property includes two residences on the same acreage: an updated Hill Country brick home and a newer modern Southwestern custom home. The guest home is currently leased at $2,700/month, providing income potential for house-hackers and investors or flexible space for multi-generational living. Set among mature trees just 4 miles from the San Marcos Square, the property offers privacy, space, and versatility with room for gardening, outdoor living, a pool, workshop, or future improvements. Both homes share a private well. There is NO mandatory HOA. Voluntary neighborhood membership includes access to a community pool and tennis/pickleball courts. Additional improvements include a detached two-car garage and a storage shed. Ideal for multi-generational living, live-in-one/rent-the-other flexibility, or potential STR use (buyer to verify). HOME 1 - CLASSIC HILL COUNTRY BRICK 4 Bed | 3 Bath | 2,353 Sq Ft | Single Story * Split floorplan with private fourth bedroom and adjacent full bath * No steps and no carpet * High ceilings * Spacious living room with wood-burning fireplace * Formal dining + breakfast nook + breakfast bar * Primary suite with separate shower and garden tub * Covered porch and private yard * Detached two-car garage HOME 2 - MODERN SOUTHWESTERN CUSTOM 3 Bed | 2 Bath | 1,403 Sq Ft * Bright custom build with abundant natural light * Primary suite with ensuite bath, large closet, and access to sunroom * Guest bedroom with adjacent full bath * Additional bedroom or office * One-car garage Opportunities that combine acreage, dual residences, existing rental income, and assumable sub-3% financing are increasingly rare this close to downtown San Marcos.