420 Simon CrstCanyon Lake, TX 78133

Property Details for 420 Simon Crst

Year built

2022

Lot size

1.28 AC

Property size (Sq ft)

160 SF

Property type

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.

• Alternative Use

  Use

  Valuation

  Residential

  $34,373

  Hospitality

  $31,485

  Educational

  $26,195

  Medical

  $27,096

  Retail

  $40,749

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

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