611 Rainbow RDG, Canyon Lake TX 78133

Canyon Lake, TX 78133 | River Point Estates

Ed's Opinion of Value

$310,000 Ed's Estimate: $669,925 $1,340,728
Lowest Comp Recommended List: $331,000 to $341,000 Highest Comp
Based on 7 closed sales in 78133, the data points to a value around $669,925 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $331,000 to $341,000. This pricing would rank the home as the 2nd most expensive of 5 comparable homes on the market in 78133's current inventory. A pool adds market appeal. Only 7 minus 7 of the comps had one. Being built in 1989 (8 years older than comps) is factored into the value estimate. The active market in 78133 includes 5 comparable homes priced from $268,500 to $950,000. Market data shows 78133 prices risen 7.3% over the last half year. The closest comparable sale, 689 River RUN, New Braunfels TX 78132 at an adjusted $407,283, is with no pool. The strength of this estimate comes from 7 directly comparable sales in 78133. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
3 Beds
3 Baths 2 Full, 1 Half
1,930 Sq Ft
1.0563 Acres
1989 Built
3 Garage

About This Property

LOCATION! LOCATION! LOCATION! COMPLETELY UPDATED OPERATING SHORT-TERM RENTAL ON THE HORSESHOE WITH A NEWLY INSTALLED POOL. Investors here is your chance to purchase a complete turnkey home on the Horseshoe. Remodel was completed in April 2022 and has been operating as an STR ever since. The home sits on over an acre and has some of the largest oaks you will find in the area. No flood plain issues with this one and just walk to the tube rental and then into the water for your relaxing two-hour float. If you don't want to float in the river just sit in the backyard under the large oak trees, float in the pool, sit by the fire pit, or swing on the newly built pergola in the hammock chairs. Just a short walk to Whitewater Amphitheater or just sit in the front yard and listen to the concerts. The home is an updated 3 bedroom and 2 full bathrooms with new luxury vinyl plank floors and tile throughout. Designer tile, plumbing, and electrical fixtures throughout. Both bathrooms have marble countertops and the kitchen has Quartz. A detached, 850 square foot, two-car garage that has a full bay for a workshop, half bathroom, and a very long driveway for all the parking you need. There is also a detached 576-square-foot building that is currently used for storage but could easily be converted to another one-bedroom or studio apartment. The list of possibilities for this property is endless. This is a very quiet neighborhood that is in the heart of all the action. Don't miss your opportunity today.

Property Highlights

Pool Above Ground, Fenced, Outdoor Pool

Features

  • Ceiling Fan(s)
  • High Ceilings
  • Chandelier
  • Corain Counters
  • Stone Counters
  • Crown Molding
  • Double Vanity
  • Electric Dryer Hookup
  • High Speed Internet
  • Low Flow Plumbing Fixtures
  • No Interior Steps
  • Primary Bedroom on Main
  • Recessed Lighting
  • Soaking Tub
  • Storage
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Comal ISD
High School Canyon Lake

Property Details

Property Type Residential
Flooring Tile, Vinyl
Cooling Ceiling Fan(s), Central Air, Electric
Heating Electric, Fireplace(s)
Exterior Private Yard
County Comal
MLS # 6540055
Garage 3 spaces

Tax Information

Annual Taxes (MLS) $7,740 (2022)

Listing History

MLS# 6540055 103 days (100 CDOM)
Oct 6, 2023 Off Market
Aug 31, 2023 Price Change $699,000
Jun 6, 2023 Listed $800,000

Frequently Asked Questions About 611 Rainbow RDG, Canyon Lake TX 78133

When was 611 Rainbow RDG, Canyon Lake TX 78133 built?

611 Rainbow RDG, Canyon Lake TX 78133 was built in 1989.

How much does 611 Rainbow RDG, Canyon Lake TX 78133 cost?

611 Rainbow RDG, Canyon Lake TX 78133 sold on October 6, 2023. Contact us for sale price details.

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