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$490,000

773 Lookout Dr, Canyon Lake, TX, 78133

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,460 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$199.15 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Range, Refrigerator, Washer, Range
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony
Lot Size1.64 acres

Building Information

Year Built1981
Stories2
Roof Type105
Garage Spaces4

Land Information

APN13-0225-0288-00
Lot Number288
SubdivisionCanyon Lake Hills 1
Land UseResidential
Legal DescriptionCANYON LAKE HILLS 1, LOT 288 SE PT-289-290-291-292-293-294-295-296
Census Tract310604
Assessed Land Value$265,480
Assessed Improvement Value$319,990
Assessment Year2025

About this property

OWNER FINANCING AVAILABLE UNDER 3%. Special Financing Options Available - Please Inquire! Welcome to one of the largest properties in this quiet Canyon Lake subdivision—spanning 1.64 acres across 9 separate, buildable lots, this unique offering is full of potential. Whether you're looking for a peaceful place to call home or an investment with multiple buildable lots, this property delivers both space and versatility. The existing home sits across 2 lots and offers a solid layout with great bones—ready for your vision and updates. With a full living area and kitchen located upstairs, plus a mini kitchen on the lower level, this home is ideal for multigenerational living or rental flexibility. Enjoy the outdoors from the covered balconies on both levels, overlooking a beautifully treed lot that’s completely fenced in. Additional features include a private well dug to 480 feet, though the home is currently connected to city water. Gardening enthusiasts will appreciate the large fenced-in garden area with an 8-foot enclosure designed to keep deer out. The property also includes a 2-car garage and a spacious 4-car carport at the front of the home, along with a storage shed for all your tools and equipment. Located in a quiet area with minimal through traffic, the home is just a five-minute drive from a public boat ramp, offering convenient lake access for boating and water activities. With space to build on each individual lot, a quiet and scenic location, and endless possibilities for updates or expansion, this Canyon Lake property is a rare gem waiting for the right buyer to unlock its full potential.

Investor Tools

Property Icon
$490,000
Estimated Property Value
$0Estimated Mortgage Balance
$490,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,940 /month
Positive
Cash Flow Estimate:
$980 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$878
$462,178
2025
$265,480
$319,990
$585,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
$878
$462,178

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$490,000
100%
0%
$0/mo

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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773 Lookout Dr | Property Details | No Agent List