1235 Skylark Drive, Canyon Lake, TX 78133

Canyon Lake
Local realty services provided by:Better Homes and Gardens Real Estate Winans
1235 Skylark Drive,Canyon Lake, TX 78133
$325,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,208 sq. ft.
  • Mobile / Manufactured
  • Active
Listed by: sarah mcdaniel
Office: greenbelt realty
MLS#:607035
Source:TX_FRAR

Price summary

  • Price:$325,000
  • Price per sq. ft.:$101.31

About this home

Investor opportunity at 1235 Skylark in Canyon Lake! This income-producing property features three residences on one lot—two mobile homes and one modular home—offering multiple revenue streams in a high-demand Hill Country rental market. Two of the homes are currently leased long-term for a combined $2,475/month, while the third operates as a short-term rental with pro forma income bringing total projected rents to approximately $3,675/month ($44,100 annually). It also has one more buildable space for another unit to be added. At the asking price of $325,000, the property offers an estimated gross cap rate of approximately 9.5%, making it a compelling option for investors seeking strong cash flow and diversification between long- and short-term rental strategies. Whether you’re expanding a rental portfolio or looking for a value-add opportunity in the Canyon Lake market, 1235 Skylark delivers immediate income with upside potential in one of the fastest-growing recreational...

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Home facts

  • Year built:2005
  • Listing ID #:607035
  • Added:5 day(s) ago
  • Updated:March 17, 2026 at 02:15 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl
  • Kitchen Description:Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Some Electric Appliances
  • Living area:3,208 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Electric

Structure and exterior

  • Roof:Mixed
  • Year built:2005
  • Building area:3,208 sq. ft.
  • Lot area:0.81 Acres
  • Architectural Style:Manufactured House
  • Construction Materials:Clapboard
  • Foundation Description:Block, Permanent, Pillar/Post/Pier
  • Levels:1 Story

Utilities

  • Water:Community Coop

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$101.31

Features and amenities

  • Appliances:Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Some Electric Appliances
  • Laundry features:Electric Dryer Hookup, In Unit, Washer Hookup
Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site comes in part from the FHAAR IDX INFO SHARE PROGRAM. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Winans include the name of the listing agent. Copyright 2026 FHAAR IDX INFO SHARE PROGRAM. Last Updated March 17, 2026

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