405 Watts LnCanyon Lake, TX 78133

  • Commercial real estate
  • 18,799 SF
For Sale
$1,350,000 View listing

Property Details for 405 Watts Ln

Year built
1983
Lot size
115.14 AC
Property size (Sq ft)
18,799 SF
Property type
Commercial real estate
APN
74-0241-0013-00
APU
740241001300

Description

This exceptional 6.28-acre property, located at 405 Watts Lane in Canyon Lake, Texas (zip code 78133), presents a unique investment opportunity. Currently zoned OCL, this mixed-use land encompasses holes 5 and 6 of the Lakeside Golf Club, offering stunning golf course views and significant development potential. The expansive 273,557 square foot lot is priced at $1,350,000, or $4.93 per square foot, and $214,968 per acre. Its prime location offers easy access to the recreational amenities of Canyon Lake, making it ideal for a residential subdivision or a private estate. The property's APN is 76385. This is a rare chance to acquire a substantial parcel in a well-established community, providing developers with a unique opportunity to create a high-value residential development in a scenic setting. The property's size and location make it an attractive proposition for those seeking to capitalize on the growing demand for residential properties near Canyon Lake. This is a truly one-of-a-kind opportunity to own a piece of this desirable Texas landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,038,603
    Hospitality
    $3,699,339
    Educational
    $3,077,806
    Medical
    $3,183,657
    Retail
    $4,787,699

Location Insight

City
Canyon Lake
County
Comal
State
Texas
Latitude
29.8591
Longitude
-98.2591
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
$37,024
$1,174,850
$1,307,840
$2,482,690
-
$1,174,850
$1,307,840
$2,482,690

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