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$471,163

NAL Estimated Property Value

837 Military Dr, Canyon Lake, TX, 78133

$612,512 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,352 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$184.95 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Microwave, Oven, Range, Disposal
FlooringCarpet, Ceramic Tile, Linoleum

Exterior

Exterior FeaturesBarbecue, Balcony
Lot Size17,372 sqft

Building Information

Year Built1983
Stories2
Roof Type105
Garage Spaces3

Land Information

APN13-0240-0051-00
Lot Number51
SubdivisionCanyon Lake Island
Land UseResidential
Legal DescriptionCANYON LAKE ISLAND, LOT 51
Census Tract310609
Assessed Land Value$86,950
Assessed Improvement Value$409,360
Assessment Year2025

About this property

This is a super cool, retro-style, three-bedroom, two-bath, two-car garage home located in the desirable Northside Canyon Lake Island Subdivision. The property offers lake views from the main living and dining areas, a second-story office and bedroom with adjoining balcony, and outdoor living spaces including a deck and gazebo. Lake views from both the ground floor and second floor. The open floor plan features vaulted ceilings, expansive picture windows, and a wood-burning stone fireplace. Recent kitchen and bathroom updates enhance functionality and style. Built in the 1980s, the home provides a flexible layout with multiple interior and exterior vantage points. Bedrooms on both the ground floor and second story add enhanced utility. The subdivision features a voluntary POA, reasonable deed restrictions, and deeded lake access for property owners. An adjacent vacant lot (Lot 52R) is available for $135,000 with the purchase of the home and may be purchased separately at a higher price.

Investor Tools

Property Icon
$471,163
Estimated Property Value
$410,163Estimated Mortgage Balance
$61,000Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$612,512
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,827 /month
Positive
Cash Flow Estimate:
$942 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$679/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,786
$471,163
2025
$86,950
$409,360
$496,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,786
$471,163

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Unknown
$411,350
No
First
Mar 13, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$410,163
$61,000
12%
87%
$2,467/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.

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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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837 Military Dr | Property Details | No Agent List