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Watermill Collection

by Lennar · San Marcos, TX · I-35 South

Market snapshot

Current builder-published inventory and asking-price activity in this community.

Quick move-ins

9

Ready now

0

Cuts, 30 days

1

Price range

$215k–$257k

Median asking

$238,999

Median $/sqft

$129/sqft

Source: LennarLast checked just now

Current incentives

Rate buydown

Promotional FHA FIXED rate of 3.99% (4.811% APR) and Up to $20,000 in price reductions

Applies across all Lennar communities

Publicly verified

Limited-Time Savings on New Homes

Full terms

¹Promotional FHA FIXED rate of 3.99%(4.811% APR) 30-year loan with 3.5% down and a sales price of $249,999. Offers available when you sign a purchase agreement on a select new home in the greater Austin/Central, TX area between 08/17/26 and 08/23/26 and closes and fully funds on or before 09/30/26. APR achieved by Lennar paid discount points. Interest rate and closing cost offer require financing through Lennar Mortgage, LLC. ¹,²Offer available on select new homes in the greater Austin/Central, TX area if buyer signs and delivers a purchase agreement between 08/17/26 and 08/23/26 and closes and fully funds on or before 09/30/26. Offer may not be combined with any other existing promotions. Offers, incentives and seller contributions are subject to certain terms, conditions and restrictions. Certain incentives could affect the loan amount. Lennar reserves the right to change or withdraw any offer at any time. ¹Offer requires financing through seller’s affiliate Lennar Mortgage, LLC but use of Lennar Mortgage, LLC is not required to purchase a home (See Affiliated Business Arrangement Disclosure -  https://mcv0gwmvppxkjtntxgnb0-0xn53y.pub.sfmc-content.com/2wss1jvor1f). Lennar Mortgage, LLC, NMLS # 1058. www.lennarmortgage.com. ¹Information is based on a home price of $249,999. Limited funds are available; rate(s) may change or not be available at the time of loan commitment, lock-in or closing if funds are exhausted. Specific terms apply and buyer is subject to qualification that includes, but not limited to, a minimum of 3.5% down, a minimum credit score of 680, owner occupancy requirements FHA maximum loan limits and/or any changes in investor guidelines or programs. Not an offer to enter into an interest rate or discount point agreement and any such agreement may only be made in writing signed by both the borrower and the lender. ²Up to $20,000 Price Reduction is valid towards the total purchase price. Not all homesites and communities will qualify for a price reduction. Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown are artist’s renderings and may contain options that are not standard on all models or not included in the purchase price. Availability may vary. Sq. ft. is estimated; actual sq. ft. will differ. Prices do not include closing costs and other fees to be paid by buyer (including a builder fee, if applicable, as described in the purchase agreement) and are subject to change without notice. 7 TAC §81.200(c) – "CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. " This is not an offer in states where prior registration is required. Void where prohibited by law. Copyright © 2026 Lennar Corporation and Lennar Mortgage, LLC. All rights reserved. Lennar, the Lennar logo, Lennar Mortgage LLC, and the Lennar Mortgage LLC, logo are U.S. registered service marks or service marks of Lennar Corporation and/or its subsidiaries. Date 08/26

Expires Aug 23Last verified Aug 19, 2026View builder terms

Community activity

  1. Price increased$216,999 → $217,999

    Lot 14886521H03 · Newlin

    Lot 14886521H03 · Newlin

    Watermill Collection · Lennar

    Available · San Marcos

    $217,999

    Current asking

    3 bd2 ba1,484 sqft
    View home
  2. Price increased$255,999 → $256,999

    Lot 14886521I13 · Sherman

    Lot 14886521I13 · Sherman

    Watermill Collection · Lennar

    Available · San Marcos

    $256,999

    Current asking

    4 bd2.5 ba2,193 sqft
    View home
  3. Price increased$225,999 → $226,999

    Lot 14886521E37 · Ramsey

    Lot 14886521E37 · Ramsey

    Watermill Collection · Lennar

    Available · San Marcos

    $226,999

    Current asking

    4 bd2 ba1,676 sqft
    View home
  4. Price increased$240,999 → $241,999

    Lot 14886521E38 · Littleton

    Lot 14886521E38 · Littleton

    Watermill Collection · Lennar

    Available · San Marcos

    $241,999

    Current asking

    4 bd2.5 ba1,922 sqft
    View home
  5. Price increased$237,999 → $238,999

    Lot 14886521I17 · Dowing

    Lot 14886521I17 · Dowing

    Watermill Collection · Lennar

    Available · San Marcos

    $238,999

    Current asking

    4 bd2 ba1,859 sqft
    View home

Nearby new construction

Communities within 20 miles with overlapping published asking ranges where available. Distances use builder-published community coordinates.

CommunityBuilderDistanceQuick move-insMedian asking$/sqftCuts · 30d
Coastline CollectionLennar0.6 mi00
Watermill CollectionLennar5.3 mi9$235k$127/sqft0
Cottage CollectionLennar5.4 mi10$223k$145/sqft0
Sunset OaksD.R. Horton5.8 mi9$270k$168/sqft1
Sunset OaksKB Home6.4 mi2$260k$141/sqft0
Stonehill CollectionLennar7.9 mi8$210k$147/sqft0

All homes · 9

Builder image

Price reduced
$224,999was $240k
$15k6.3%since first seen

148 Little Prairie Valley

Watermill Collection · Lennar

Lot 14886521C41 · Ramsey · San Marcos, TX

Beds
4
Baths
2
Square feet
1,676
Price per square foot
$134/sqft
  • Price reduced $15k
  • $20k published incentive
  • 1 community price cut in 30 days

Source: LennarLast checked yesterday

Builder image

$217,999
$1k0.5%since first seen

1616 Iron Truss Road

Watermill Collection · Lennar

Lot 14886521H03 · Newlin · San Marcos, TX

Beds
3
Baths
2
Square feet
1,484
Price per square foot
$147/sqft
  • $20k published incentive
  • 1 community price cut in 30 days
  • 9 quick move-ins currently observed

Source: LennarLast checked just now

Builder image

$256,999
$1k0.4%since first seen

1633 Iron Truss Road

Watermill Collection · Lennar

Lot 14886521I13 · Sherman · San Marcos, TX

Beds
4
Baths
2.5
Square feet
2,193
Price per square foot
$117/sqft
  • $12/sqft below community median
  • $20k published incentive
  • 1 community price cut in 30 days

Source: LennarLast checked just now

Builder image

$226,999
$1k0.4%since first seen

1709 Iron Truss Road

Watermill Collection · Lennar

Lot 14886521E37 · Ramsey · San Marcos, TX

Beds
4
Baths
2
Square feet
1,676
Price per square foot
$135/sqft
  • $20k published incentive
  • 1 community price cut in 30 days
  • 9 quick move-ins currently observed

Source: LennarLast checked just now

Builder image

$238,999
$1k0.4%since first seen

1617 Iron Truss Road

Watermill Collection · Lennar

Lot 14886521I17 · Dowing · San Marcos, TX

Beds
4
Baths
2
Square feet
1,859
Price per square foot
$129/sqft
  • $20k published incentive
  • 1 community price cut in 30 days
  • Builder says move-in ready

Source: LennarLast checked just now

Builder image

$214,999

335 Navidad River Drive

Watermill Collection · Lennar

Lot 14886521G18 · Newlin · San Marcos, TX

Beds
3
Baths
2
Square feet
1,484
Price per square foot
$145/sqft
  • $20k published incentive
  • 1 community price cut in 30 days
  • 9 quick move-ins currently observed

Source: LennarLast checked yesterday

Builder image

$241,999
$1k0.4%since first seen

1705 Iron Truss Road

Watermill Collection · Lennar

Lot 14886521E38 · Littleton · San Marcos, TX

Beds
4
Baths
2.5
Square feet
1,922
Price per square foot
$126/sqft
  • $20k published incentive
  • 1 community price cut in 30 days
  • 9 quick move-ins currently observed

Source: LennarLast checked just now

Builder image

$238,999

338 Trinity River Hollow

Watermill Collection · Lennar

Lot 14886521E16 · Dowing · San Marcos, TX

Beds
4
Baths
2
Square feet
1,859
Price per square foot
$129/sqft
  • $20k published incentive
  • 1 community price cut in 30 days
  • 9 quick move-ins currently observed

Source: LennarLast checked yesterday

Builder image

$256,999
$1k0.4%since first seen

133 Navidad River Drive

Watermill Collection · Lennar

Lot 14886521K06 · Sherman · San Marcos, TX

Beds
4
Baths
2.5
Square feet
2,193
Price per square foot
$117/sqft
  • $12/sqft below community median
  • $20k published incentive
  • 1 community price cut in 30 days

Source: LennarLast checked just now