131 Mary D Ave, Alamo Heights, TX

3 bd · 3 ba · 2,382 sqft Single Family listed at $1,100,000, built in 1939 in the Central City neighborhood.

About this home

Located in one of San Antonio's most desirable neighborhoods, 131 Mary D presents a rare redevelopment opportunity in the highly sought-after 78209 area. The existing structure requires complete renovation and is being offered primarily for its land value, location, and future potential. Importantly, the property is currently zoned multi-family verified by the City of Alamo Heights, creating added flexibility and potential upside for investors or builders. This zoning may allow for redevelopment options beyond a single-family residence, making it an attractive opportunity for those seeking income-producing potential or a multi-unit project in a premier location. The property is located within the highly regarded Alamo Heights Independent School District, further enhancing long-term desirability and demand. Surrounded by established homes, mature trees, and continued neighborhood investment, the area reflects strong stability and growth. Convenient access to parks, dining, shopping, and major thoroughfares adds to the appeal. Opportunities offering this combination of location, zoning flexibility, and school district positioning are increasingly limited in 78209. Buyer to verify zoning, restrictions, and development potential.

What it's like to live here

Listed by

Judy J Barnes

Phyllis Browning Company

2108247878

Property details

Price: $1,100,000
Bedrooms: 3
Bathrooms: 3
Interior: 2,382 sqft
Price / sqft: $462
Year built: 1939
Lot size: 12,632 sqft
Type: Single Family
Days on market: 90
Est. property tax: $18,480/yr · $1,540/mo · 1.68% TX avg

Estimated monthly payment

Down payment20% ($220,000)

Interest rate6.75%

Principal & Interest$5,708

Property Tax$1,008

Insurance$150

Total$6,866/mo

Can I afford this?

See what fits your income

Price history

▼ 8.3%Most recent change on 2026-05-04: $1,200,000 → $1,100,000.

$1.20M · Feb 26$1.10M · May 26

May 4, 2026$1,100,000Price change
Feb 18, 2026$1,200,000Initial list price

Location

This home is located in Alamo Heights, TX, in the San Antonio area. Browse more Alamo Heights listings on the Alamo Heights market page or explore the full Alamo Heights market report.

About Alamo Heights: Alamo Heights is a city in Bexar County, Texas, United States, that is surrounded by the city of San Antonio. At the time of the 2020 census, the population of Alamo Heights was 7,357. It is part of the Greater San Antonio metropolitan area. A portion of the University of the Incarnate Word is in Alamo Heights. (source: Wikipedia)

Climate: Average year-round temperature is 73°F with 214 dry days per year and 37.7 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 78209)

Median age is 36.9; 31% hold a bachelor's degree; 48% of homes are owner-occupied; median household income is $79,914.

Median income: $79,914
Median age: 36.9
Owner-occupied: 48.3%
Bachelor's degree: 31.0%
Census median home value: $468,900

Source: US Census Bureau American Community Survey 5-year estimates.

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$1,100,000