




$490,000
773 Lookout Dr, Canyon Lake, TX, 78133
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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.
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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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