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A+
NoAgentList RatingHow are grades calculated?Info
Days26Days on Market
Views1view
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$725,000

$745,000

329 Vip Dr, Canyon Lake, TX, 78133

$942,500 ARVInfo
On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths3,249 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.15 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListMust-SellARV FlipAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Refrigerator, Microwave, Oven, Range, Cooktop, Washer, Trash Compactor
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size8,137 sqft

Building Information

Year Built1978
Stories3
Roof Type127
Garage Spaces2

Land Information

APN35-0560-0080-00
Lot Number12
SubdivisionMt Lookout 1
Land UseResidential
Legal DescriptionMT LOOKOUT 1, BLOCK 3, LOT 12
Census Tract310612
Assessed Land Value$62,270
Assessed Improvement Value$263,490
Assessment Year2025

About this property

Welcome to 329 VIP Drive, a standout Hill Country retreat in the sought-after Mount Lookout neighborhood and five minutes' drive to the yacht club. As you arrive, there's an immediate sense of calm and privacy that sets the tone for true lake living. Positioned on the center circle of this well-maintained community, the setting feels both exclusive and inviting. This two-story home is designed to impress, complete with the rare convenience of a private elevator connecting both levels. The main living area is located on the second floor to fully capture the sweeping Canyon Lake views, and it delivers with breathtaking scenery that stretches for miles. Surrounded by two expansive decks, the upper level offers exceptional indoor-outdoor living with multiple spaces to relax, entertain, and take in the incredible lake and Hill Country views. Designed for comfortable everyday living, the main level, which is also the entry level of the home, includes the primary living room with fireplace, dining area, kitchen, spacious primary suite, an additional bedroom and bath, plus the attached two-car garage. The thoughtful layout allows for convenient single-level living while still offering abundant additional space downstairs. The lower level opens up even more possibilities with a large flex space ideal for a second living area, game room, bunk room, media room, or entertaining area. Downstairs also features a third bedroom, dedicated office, full bathroom, laundry area, and an oversized mudroom/storage space, giving the home exceptional versatility for guests, remote work, or multi-generational living. Inside, the home offers a refined blend of comfort and style. Thoughtfully updated living spaces, tasteful finishes, and abundant natural light create a warm and elevated atmosphere that perfectly complements the surrounding lake and Hill Country views. Located in a peaceful lake community near Canyon Lake Yacht Club and a private waterfront park, this property offers the perfect balance of serenity, recreation, and convenient lake access. Whether you're enjoying peaceful mornings overlooking Canyon Lake or hosting family and friends for the weekend, this home delivers an exceptional Hill Country/ lake lifestyle. Luxury Hill Country living with exceptional Canyon Lake views, elevated design, and the convenience of modern upgrades throughout.

Investor Tools

$0Estimated Mortgage Balance
$738,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$942,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,428 /month
Positive
Cash Flow Estimate:
$1,476 /month

Interested in this property?

Patty Hardy

Sheridan Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
$65/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$662
$325,760
2025
$62,270
$263,490
$325,760
No

Tax History

Year
Tax Paid
Assessed Value
2024
$662
$325,760

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$738,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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329 Vip Dr | Property Details | No Agent List