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$899,500

NAL Estimated Property Value

0 Red Bird, Canyon Lake, TX, 78133

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths688 Sq Ft
price_per_sqft$1,307.41 / sqft
Year BuiltBuilt in 2024

About this property

Welcome to a truly unique commercial opportunity in the heart of Canyon Lake, Texas. Nestled in the scenic Texas Hill Country and situated just off FM 306, this 2.64-acre property offers a rare combination of recreation, rental income, and business potential — all just minutes from the lake itself. At the center of the property are seven professionally designed pickleball courts, equipped with solar-powered lighting for evening play. Whether you're catering to seasoned players or casual guests, these courts provide a vibrant hub for activity and social gatherings. Adjacent to the courts are two buildings, each approximately 8 feet by 40 feet in size. Both units feature a private restroom with a shower and a kitchenette area. One unit is currently outfitted as a fitness room, while the other serves as an office and small retail store. Each building has also been successfully used as an overnight rental, adding even more flexibility to the property’s use. Enhancing the outdoor experience are three shaded gazebos—ideal for guests to relax between games or during events. A small turf dog park area adds a pet-friendly touch near the courts, and a fun frisbee golf course winds through the grounds, offering additional entertainment options to guests. Toward the south entrance gate, you'll find 10 fully equipped RV slots. These provide steady rental income and appeal to travelers or long-term guests. RV visitors also have access to a bigger dog park area, creating a welcoming atmosphere for pet owners. Whether you're looking to operate a short-term rental business, host events like birthday parties, corporate retreats, or pickleball tournaments, or even live on-site while running a business, this multi-use property offers incredible versatility. Its blend of recreational amenities, accommodations, and prime location near Canyon Lake makes it a standout investment with endless potential.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,397 /month
Positive
Cash Flow Estimate:
$1,799 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Canyon Lake

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