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$745,148

1243 Hammermill, Canyon Lake, TX, 78133

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths2,261 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$387 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Refrigerator, Oven

Exterior

Lot Size1.46 acres

Building Information

Year Built2011
Stories2
Roof Type112

Land Information

APN22-0050-0004-00
Lot Number4AP
SubdivisionHancock Oak Hills
Land UseResidential
Legal DescriptionHANCOCK OAK HILLS, BLOCK 1, LOT 4AP
Census Tract310612
Assessed Land Value$282,960
Assessed Improvement Value$462,188
Assessment Year2025

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!

Investor Tools

Property Icon
$745,148
Estimated Property Value
$0Estimated Mortgage Balance
$745,148Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,250 /month
Positive
Cash Flow Estimate:
$1,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,981
$745,148
2025
$282,960
$462,188
$745,148
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,981
$745,148

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$745,148
100%
0%
$0/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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1243 Hammermill | Property Details | No Agent List