13190 Fm 306Canyon Lake, TX 78133

  • Other commercial real estate
  • 2,642 SF
For Sale
$8,300,000 View listing

Property Details for 13190 Fm 306

Year built
1984
Lot size
21.34 AC
Property size (Sq ft)
2,642 SF
Property type
Other commercial real estate
APN
74-0388-0014-01
APU
740388001401

Description

Exceptional opportunity to acquire the Mystic Quarry Resort, a 21-acre RV park and campground nestled in the Texas Hill Country between Austin and San Antonio. This established resort boasts 118 sites, including 52 RV sites, 34 park models/cabins/apartments, and 32 glamping sites. Previously recognized with the Texas Association of Campground Owners (TACO) Accommodations of the Year Award, the resort offers a unique blend of amenities, including a large pool and clubhouse, hiking/biking trails, and a shuttle service for river tubing on the nearby Canyon Lake and Guadalupe River. While recent revenue has decreased due to factors including management changes, drought conditions, and increased competition, this presents a significant opportunity for an experienced operator to restore profitability. The property's prime location in a popular tourist destination, coupled with its existing infrastructure and award-winning history, positions it for substantial revenue growth under effective management. The 2021 trailing twelve-month revenue was $1,800,000. This is a remarkable opportunity for a buyer with institutional management experience in the RV space to significantly enhance revenues and operational efficiency. The asking price is $8,300,000. The property is located at 13190 FM306, Canyon Lake, TX 78133, in Comal County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $567,583
    Hospitality
    $519,903
    Educational
    $432,553
    Medical
    $447,429
    Retail
    $672,860
13190 Fm 306, Canyon Lake, Texas

Location Insight

City
Canyon Lake
County
Comal
State
Texas
Latitude
29.8688
Longitude
-98.1757
CBSA code
41700
CBSA name
SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,716
$953,150
$2,581,820
$3,534,970
-
$953,150
$2,581,820
$3,534,970

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