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$460,000

$489,000

620 Lake Island Dr, Canyon Lake, TX, 78133

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,963 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.34 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Refrigerator, Microwave, Oven, Range, Cooktop, Washer, Disposal
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony
Lot Size39,160 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces1

Land Information

APN13-0240-0134-00
Lot Number134R
SubdivisionCanyon Lake Island
Land UseResidential
Legal DescriptionCANYON LAKE ISLAND, LOT 134R
Census Tract310609
Assessed Land Value$177,800
Assessed Improvement Value$278,510
Assessment Year2025

About this property

HUGE PRICE DROP of $70K for you to REMODEL and make it your own. Welcome to your Canyon Lake retreat, where every evening ends with a painted sky. This 3BR/2BA waterfront home invites you to live where sunsets linger over the water and cool breezes drift across your patio swing. With sweeping views from the kitchen, dining, and living spaces, the lake becomes the backdrop to your everyday life. Step outside to discover a spacious covered patio designed for gatherings, laughter, and quiet mornings with coffee. A backyard deck extends the invitation to soak in the serenity, where the gentle rhythm of Canyon Lake reminds you to slow down and savor the moment. Inside, the heart of the home has been beautifully refreshed. A custom kitchen with granite countertops makes cooking a joy, while both baths offer spa-like comfort with walk-in showers, granite finishes, and thoughtful accessibility features. Saltillo tile adds timeless charm, and each bedroom provides comfort and space for family or guests. Practical updates-newer HVAC, water heater, and a full suite of appliances-make this home move-in ready. The generous two-car garage doubles as a workspace for your weekend projects. Though the lake level is currently low, your property still carries its coveted technical waterfront designation and direct legal access-ensuring your connection to the water. This is more than a house; it's a place where memories will be made, sunsets will be celebrated, and every day feels like a getaway.

Investor Tools

$0Estimated Mortgage Balance
$1,089,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,534 /month
Positive
Cash Flow Estimate:
$2,178 /month

Interested in this property?

Cynthia Griffin

SAXET Realty, Inc

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,056/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,231
$456,310
2025
$177,800
$278,510
$456,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,231
$456,310

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,089,000
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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620 Lake Island Dr | Property Details | No Agent List