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\n\nPublished: March 15, 2026 | By Christopher Beal, REALTOR® — Veteran Real Estate San Antonio: The Beal Group
\n\nThree miles from Randolph AFB. No HOA. Updated finishes. And priced $39,000 below the zip code median. That's the straightforward case for 318 Balboa Drive in Universal City, Texas — a 3-bedroom, 2-bath single-story brick home in the Coronado Village neighborhood, now listed at $220,000 (MLS#1943021, recently reduced from $225,000).
\n\nFor active-duty service members at JBSA-Randolph looking to buy rather than rent, this is the type of property that works: gate-adjacent, VA loan eligible, updated and move-in ready, with a larger-than-average lot and no HOA fees eating into your monthly budget.
\n\nLooking for homes near JBSA-Randolph? Call Christopher Beal at (210) 882-8583 or visit veteranrealestatesa.com/military-relocation for PCS resources and a full property search.
\n\nUniversal City sits directly adjacent to Randolph AFB. The Pat Booker Road corridor runs along the installation perimeter, and most Universal City addresses — including 318 Balboa Drive — are within 5–10 minutes of the Randolph gate with no highway required.
\n\nChristopher Beal's Universal City neighborhood guide puts it directly: Universal City is \"the closest incorporated community to Randolph AFB's main gate\" — a distinction that matters when you're doing daily gate access with formation times at 0500 or commuting with a family in tow.
\n\nCompared to Schertz or Cibolo — other popular Randolph communities — Universal City offers:
\n318 Balboa Drive is approximately 3 miles from Randolph AFB — one of the shortest off-base commutes in the entire JBSA system.
\n\nThis 1968-built brick home has received meaningful updates that make it genuinely move-in ready without requiring a renovation budget. Here's what's new:
\n\nThe kitchen has been refreshed with functional upgrades that buyers typically budget $8,000–$15,000 to complete post-purchase — they're already done here. The living and dining area with updated flooring and paint presents clean and current.
\n\nAdditional home features include:
\nThe 0.207-acre lot is one of the more notable features for the price. That's roughly 9,000 square feet of land — nearly double a typical suburban lot — providing room for a patio expansion, garden, dog run, or outdoor entertaining space.
\n\nCoronado Village is one of Universal City's established residential neighborhoods, developed primarily in the 1960s and 1970s. The character is quintessential mid-century Texas suburban: single-story brick homes, mature trees lining the streets, larger lots than modern tract housing, and a quiet residential feel.
\n\nThe neighborhood's central Universal City location provides:
\nThe Forum at Olympia Parkway (shoptheforumsa.com) is a full-service retail destination with Chick-fil-A, Chili's, Chipotle, Crumbl Cookies, Baskin Robbins, Charley's Cheesesteaks, Sea Island Shrimp House, and dozens of other options. It's the northeast San Antonio go-to for daily shopping and dining without driving to the Loop 410 corridor.
\n\n318 Balboa Drive falls within the Schertz-Cibolo-Universal City Independent School District (SCUC ISD). SCUC ISD serves the Schertz, Cibolo, and Universal City communities with a consistent reputation for academic performance and extracurricular programs.
\n\nThe MLS data notes \"Call District\" for specific campus assignments — buyers should contact SCUC ISD directly to confirm which elementary, middle, and high school serves this specific address. The Universal City area schools have historically served JBSA-Randolph families and are experienced with the unique needs of military family enrollment.
\n\nSCUC ISD also participates in the DoDEA partnership programs common to JBSA communities, making the transition process smoother for military families on PCS orders.
\n\nThe combination of gate-adjacent location, no HOA, updated finishes, and entry-level pricing makes 318 Balboa Drive a legitimate candidate for investor buyers as well as owner-occupants. Key investment considerations:
\n\nFor investors using a VA loan to purchase a primary residence before converting to rental: this is exactly the type of property that generates consistent cash flow from the military renter pool at Randolph. Review VA loan investment considerations here.
\n\nYes, strongly. At $220,000 with no HOA fees and annual taxes of $4,962, the total monthly cost picture is one of the most affordable in the JBSA-Randolph commute zone.
\n\nFor a buyer using VA financing at 2026 market rates:
\nChristopher Beal's Serve & Save program reduces closing costs for veterans based on years of service — helping offset the VA funding fee and other transaction costs. Learn how Serve & Save works here.
\n\nFor complete VA loan eligibility information, visit VA.gov/home-loans.
\n\nBased on LERA MLS data as of March 2026, the 78148 zip code market shows:
\n\n| Metric | \nZIP 78148 (Last 6 Months) | \n
|---|---|
| Homes Sold | \n69 | \n
| Active Listings | \n42 | \n
| Median Sold Price | \n$259,000 | \n
| Average Sold Price | \n$279,188 | \n
| Average $/Sqft | \n$145.05 | \n
| Median Days on Market | \n54 days | \n
| List-to-Sale Ratio | \n96.9% | \n
| Months of Inventory | \n3.7 months | \n
Source: Based on LERA MLS data as of March 2026
\n\nAt $220,000 — $39,000 below the zip median — this home is positioned as one of the more affordable opportunities in the 78148 market. With only 42 active listings and 3.7 months of inventory, competition for entry-level Universal City properties is real. Buyers at this price range move faster here than anywhere in the San Antonio metro.
\n\nThe effective $/sqft on this listing is approximately $189/sqft at $220K — slightly above the zip average of $145/sqft, reflecting the premium of its location and updated condition. For buyers comparing price per square foot, larger 78148 homes will show lower $/sqft ratios, but gate proximity and updated condition justify the trade-off here.
\n\n| Address | \n318 Balboa Drive, Universal City, TX 78148 | \n
| List Price | \n$220,000 (reduced from $225,000) | \n
| Bedrooms / Baths | \n3 BR / 2 Full BA | \n
| Living Area | \n1,164 sqft | \n
| Lot Size | \n0.207 acres (level) | \n
| Year Built | \n1968 | \n
| Stories | \nOne | \n
| Subdivision | \nCoronado Village | \n
| County | \nBexar County | \n
| HOA | \nNone | \n
| Schools | \nSCUC ISD (call district for campus assignment) | \n
| Annual Taxes | \n$4,962.18 (2025) | \n
| Garage | \n1-car attached | \n
| Distance to Randolph AFB | \nApproximately 3 miles | \n
| MLS # | \n1943021 | \n
Ready to see 318 Balboa Drive — 3 miles from Randolph AFB, no HOA, updated and priced below median? Call Christopher Beal at (210) 882-8583. Military buyers: the Serve & Save program reduces your closing costs. Review your VA loan benefits here.
\n\n318 Balboa Drive is listed by Christopher Beal, founder of Veteran Real Estate San Antonio: The Beal Group at eXp Realty. Christopher has a deep focus on the JBSA-Randolph corridor — having guided dozens of Randolph families through the PCS buying process.
\n\nChristopher is a U.S. Army veteran, Military Relocation Professional (MRP), and member of the Veterans Association of Real Estate Professionals (VAREP). He has served 293+ families and closed $112M+ in career volume.
\n\nAwards and recognition:
\nRead client reviews | About Christopher Beal
\n\n318 Balboa Drive is listed at $220,000 (recently reduced from $225,000). This 3-bedroom, 2-bath single-story brick home in Coronado Village, Universal City TX offers 1,164 square feet with updated finishes. MLS#1943021.
\n318 Balboa Drive is approximately 3 miles from Randolph AFB (JBSA-Randolph). Universal City sits directly adjacent to the installation, and the Pat Booker Road corridor runs along the base perimeter, making most Universal City addresses a 5–10 minute commute to the Randolph gate — no highway required.
\n318 Balboa Drive features several recent updates including new vinyl plank flooring in the living and dining areas, fresh interior paint, new hard surface countertops in the kitchen, a new range/oven and vent hood, and a dishwasher. The home has been refreshed for move-in readiness at an entry-level price point.
\nNo. 318 Balboa Drive has no HOA — zero monthly or annual HOA fees. This reduces total monthly housing costs and gives owners more flexibility with the property compared to HOA-governed communities.
\nYes. At $220,000, this home is well under the 2026 VA loan limit of $832,750, making it eligible for 100% VA financing with no down payment for qualified veterans and active-duty service members. With no HOA fees and low property taxes, total monthly costs are very manageable for E-4 through O-3 BAH rates at Randolph.
\n318 Balboa Drive is within the Schertz-Cibolo-Universal City Independent School District (SCUC ISD). SCUC ISD is the same district serving Schertz and Cibolo — giving families quality school access without the Schertz or Cibolo price premium. Buyers should call the district directly to confirm the specific campus assignment for this address.
\nCoronado Village is an established neighborhood in Universal City, developed primarily in the 1960s and 1970s. It features single-story brick homes on larger lots, mature trees, and a quiet residential character. Its central location within Universal City puts residents close to Pat Booker Road retail, the Forum at Olympia Parkway shopping center (2 miles), and JBSA-Randolph (3 miles).
\nBased on LERA MLS data as of March 2026, the median sold price in ZIP 78148 is $259,000. At $220,000, this home is priced $39,000 below the zip median — offering strong entry-level value. The 78148 market shows 3.7 months of inventory and a median DOM of 54 days, suggesting active demand in this price range. The list-to-sale ratio of 96.9% indicates buyers are transacting near asking price.
\n318 Balboa Drive sits on a 0.207-acre lot — a notably larger lot than most entry-level homes in the Universal City area. The level backyard is fully privacy-fenced with a mature shade tree, providing usable outdoor space that complements the home's 1,164 square feet of interior living.
\n318 Balboa Drive is approximately 2 miles from The Forum at Olympia Parkway — a major shopping center on the northeast side of San Antonio featuring Chick-fil-A, Chili's, Chipotle, Crumbl Cookies, Baskin Robbins, Charley's Cheesesteaks, Sea Island Shrimp House, and more. The home also has convenient access to Universal Blvd, Loop 1604, and I-35 for broader metro access.
\nTREC Information About Brokerage Services
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