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1123 Summit Bluff
About This Property
Enjoy the peace and privacy of a quiet, established neighborhood with paved road access, while still being conveniently located near FM 306, providing easy access to New Braunfels, San Antonio, and Austin. This property offers the perfect blend of seclusion and accessibility.
This lot provides flexibility to design and build your custom primary residence, vacation home, or investment property.
Located just minutes from Canyon Lake, residents can take advantage of nearby boating, fishing, hiking, and outdoor recreation. Whether you're looking to build now or invest for the future, this is a prime opportunity to own a piece of the Texas Hill Country.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$125,000
↓ $5K
(3.9%) | |
| Price Decreased | |||
| Jul 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 17, 2026 | Listed by Nextgen Real Estate Properties | $130,000 | |
| Listed by Nextgen Real Estate Properties | |||
| May 1, 2026 | Listed by Nextgen Real Estate Properties | $135,000 | |
| Listed by Nextgen Real Estate Properties | |||
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Build your dream home on this beautiful 1-acre homesite located in the desirable Hillcrest Estates community in Canyon Lake, Texas. Nestled in the scenic Texas Hill Country, this gently sloping lot offers mature trees, natural surroundings, and the potential for stunning hill country views.
Enjoy the peace and privacy of a quiet, established neighborhood with paved road access, while still being conveniently located near FM 306, providing easy access to New Braunfels, San Antonio, and Austin. This property offers the perfect blend of seclusion and accessibility.
This lot provides flexibility to design and build your custom primary residence, vacation home, or investment property.
Located just minutes from Canyon Lake, residents can take advantage of nearby boating, fishing, hiking, and outdoor recreation. Whether you're looking to build now or invest for the future, this is a prime opportunity to own a piece of the Texas Hill Country.
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| Oct 19, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017