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399 Scenic Terrace Drive, Canyon Lake, TX 78133

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For Sale

$229,000

3 beds • 1 baths • 1,360 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $168.38
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

OVER $23,500 IN RECENT UPGRADES! POSSIBLE SELLER FINANCING. Former STR earning $199/night and up to $4K/mo. Welcome to 399 Scenic Terrace Dr, a one-of-a-kind Hill Country retreat with character, history, and incredible potential just minutes from beautiful Canyon Lake. This property began as a manufactured home and was later expanded and partially converted to add valuable living space and custom touches throughout. Set on a peaceful 0.23-acre lot with mature trees and a partial view of the lake from the back deck, it's the perfect spot for relaxing, entertaining, or enjoying the lake lifestyle. THIS PROPERTY NEEDS SOME RENOVATION/TLC - AND HERE'S WHY: When the current owner purchased the property in 2021, he completely transformed it into a warm, rustic-style cabin filled with antique furnishings and charm. As an Airbnb, it became a guest favorite, earning 4.6-star ratings and generating up to $4,000 per month at $199 per night. Guests loved the quiet setting, the proximity to the water, and the cozy, inviting feel of the space. When the owner relocated to Miami for a new CFO position, long-distance hosting became difficult, so he rented the home to a long-term tenant who unfortunately left it in need of some TLC. The home is now being sold AS-IS and needs mostly cosmetic updates such as flooring, interior paint, and HVAC repair or replacement, but the structure is solid and many major improvements have already been completed, including a new roof, two new windows, a new French door, a fire pit, and a rebuilt patio deck-more than $20,000 in recent upgrades. With its strong bones, partial lake view, and proven short-term rental success, this home offers an incredible opportunity for investors, flippers, or DIY buyers looking for a great deal near Canyon Lake. Update it as a weekend getaway, or bring it back as a profitable Airbnb. Don't miss this chance to own a unique lake-area property with a great story and a bright future.
MLS# 597721

Courtesy Of eXp Realty, LLC

(888) 519-7431

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Deck, Patio
  • Appliances
    Dishwasher, Microwave
  • Floor Covering
    Laminate
  • Lot Size
    0.23 Acres

Map and Directions

Directions to 399 Scenic Terrace Drive, Canyon Lake, TX 78133

Home seller CENTURY 21 Integra

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.