420 Simon CrstCanyon Lake, TX 78133

  • Other commercial real estate
  • 160 SF
For Sale
$3,250,000 View listing

Property Details for 420 Simon Crst

Year built
2022
Lot size
1.28 AC
Property size (Sq ft)
160 SF
Property type
Other commercial real estate
APN
50-0780-0005-02
APU
500780000502

Description

This exceptional 3.79-acre waterfront property in Canyon Lake, Texas, presents a unique investment opportunity. Boasting 17 rental units – nine studio units, nine one-bedroom units, and nine shipping containers – totaling 6,300 square feet, this property is ideally suited for short-term and long-term rentals. Built and renovated in 2022, the property features 18 buildings, including a community building with laundry facilities, and offers stunning lake views and private waterfront access. Amenities include five hot tubs, a community ice machine, communal fire pits, ample parking (27 spaces), boat and jet ski storage, and security cameras. The property is situated in a zero-lumens community, preserving the natural night sky. Its prime location between Austin and San Antonio makes it highly attractive to tourists and vacationers. The property also benefits from established local partnerships for boat rentals and guided tours, and offers undeveloped land with potential for value-add amenities. The wrought-iron fenced property includes a large communal area perfect for events. High-speed internet is provided via Ubiquity commercial equipment. This turnkey operation offers immediate income potential and significant upside for future development. The property's proximity to various attractions, including Gruene Hall, wineries, and public lake access points, further enhances its appeal. This is a rare opportunity to acquire a thriving, established business with significant growth potential in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $34,373
    Hospitality
    $31,485
    Educational
    $26,195
    Medical
    $27,096
    Retail
    $40,749
420 Simon Crst, Canyon Lake, Texas

Location Insight

City
Canyon Lake
County
Comal
State
Texas
Latitude
29.8796
Longitude
-98.2072
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
$22,647
$306,870
$1,506,530
$1,813,400
-
$306,870
$1,506,530
$1,813,400

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