1151 Fawn Valley Dr Canyon Lake, TX 78133 Active

UPDATED: 12/19/2025 06:07 AM ON MARKET: 11 days on market

$1,150,000

16 Beds13 Baths20.58 Acres

Key Details

Property Description

Positioned in one of the fastest-growing lake communities in the Hill Country, this unique property offers an exceptional investment opportunity with immediate income and significant long-term upside. Spanning 20.58 unrestricted acres, this versatile property delivers a rare combination of natural beauty, development flexibility, and strong cash-flow potential. Potters Creek lines the entire southern border, creating a private and scenic natural boundary, while a well-fed pond welcomes you at the entrance. The included half-acre lot in Rocky Creek Ranch directly adjoins the main acreage and provides a valuable 2" water line from Texas Water Company-an infrastructure advantage that enhances future expansion or redevelopment options. With the ability to subdivide into smaller tracts or extend the existing improvements, the land itself is the foundation for endless investment possibilities. Currently operated as a mobile home park with long and short-term rentals, you'll have the rare advantage of turnkey cash flow from day one. The thoughtfully maintained improvements include (1) double-wide residence, (6) single-wide homes, a 240 sqft rental cabin, and an additional 240 sqft unit ready for completion-all in excellent condition and generating consistent rental demand. A 2060 equipment storage building, 1220 building, and 1020 carport with storage add operational convenience, while (9) 200-amp meter loops support continued growth. Fencing on three sides, well-maintained grounds, and lake views from the top of the two-story home all add to the property's appeal. Location is another key value driver. Situated in the city of Canyon Lake-one of Texas' most desirable recreational markets-this area attracts steady tourism, year-round renters, and long-term residents seeking proximity to the lake and other Hill Country amenities. The strong short-term rental demand, combined with easy access to San Antonio, New Braunfels, and major regional corridors, makes this the ideal market for investor-focused properties. The options are wide open: continue operating the established rental model, expand with additional units, or pursue a complete redevelopment that maximizes the acreage's prime location. Don't miss this exceptional opportunity! *Rental units are currently occupied; please do not disturb tenants*