




$239,000
641 Rainbow RDG, Canyon Lake, TX, 78133
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About this property
Build your Hill Country dream home on this beautiful 1+ acre property ideally located near the famous Horseshoe on the Guadalupe River in Canyon Lake. Offering level terrain, this homesite is ready for construction with a water tap already installed and an electrical pole and transformer located on the property. Enjoy the best of Canyon Lake living with easy access to the Guadalupe River in the subdivision, tubing, fishing, kayaking, and endless outdoor recreation. Just minutes from Whitewater Amphitheater, you'll love having live music, popular restaurants, and local entertainment nearby. Canyon Lake is also just a short drive away, providing opportunities for boating, swimming, and lakeside relaxation. Whether you're looking to build a full-time residence, vacation getaway, or investment property, this prime location offers the perfect combination of convenience, recreation, and Texas Hill Country charm.
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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Canyon Lake
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