$745,148
1243 Hammermill, Canyon Lake, TX, 78133
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About this property
Experience breathtaking sunsets over Canyon Lake from this charming lakefront residence nestled among the treetops of numerous century-old live oak trees. Situated on a sprawling 1.5-acre property, this home offers boundless opportunities for entertainment and can comfortably accommodate up to 14 guests. The main house boasts stunning Saltillo tile flooring throughout, with the expansive living area and kitchen located on the upper level, providing sweeping views. Below, the private quarters comprise two suites with access to a spacious outdoor patio among the trees. Additionally, there's a bunkhouse featuring four bunk beds and a double bed, complete with two full bathrooms. Both structures are equipped with energy-efficient mini-split heating and cooling systems, ensuring minimal utility costs. Water is supplied by the city, with a rain-water catchment system available as well. Short-term rentals are allowed in this community and this home has a current STR permit in place. The buyer also has an option to buy the adjacent 1.5-acre lot. Enjoy the waterfront access with leisure walks to Canyon Lake for a refreshing dip in its beautiful blue waters, just a short stroll from the house. Conveniently located to walking and riding trails, boat ramps, restaurants, retail, and entertainment! Short-term rentals are allowed and the home is currently on the short-term rental market and can be sold fully furnished!
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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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