640 Rainbow Ridge, Canyon Lake

$699,000

5 Beds
4 Baths
2,774 Sqft
1.01 Acres
0 Garage

LOCATION! LOCATION! LOCATION! COMPLETELY REMODELED AND OPERATING SHORT-TERM RENTAL ON THE HORSESHOE WITHIN WALKING DISTANCE TO THE GUADALUPE RIVER AND WHITEWATER AMPITHEATER. Investors, here is your chance to purchase a complete turnkey home on the Horseshoe. The remodel was completed in late 2023 and has been operating as an STR ever since. The home sits on over an acre and is nestled under the oaks. 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. The five-bedroom and four-bathroom home was taken down to the studs and redone from the inside out. New plumbing, electrical, septic tank and field, AC, flooring, drywall, windows, doors, designer plumbing and electrical fixtures, solid wood cabinets with soft close and quartz countertops throughout. The attention to detail is obvious when you walk through and some of the vintage original details are visible. Great neighborhood that is at the heart of all the action. The home can be purchased with all the furniture for your complete turnkey vacation rental or second home. Don't miss your opportunity to own this home today.

Essential Information
MLS® #5962958
Price$699,000
Bedrooms5
Bathrooms4.00
Full Baths4
Square Footage2,774
Acres1.01
Year Built1975
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Community Information
Address640 Rainbow Ridge
AreaCM
SubdivisionRiver Point Estates
CityCanyon Lake
CountyComal
StateTX
Zip Code78133
Amenities
FeaturesNone
ViewNeighborhood, Rural
WaterfrontNone
Utilities

Cable Available, Cable Connected, Electricity Connected, High Speed Internet Available, Phone Available, Water Connected, Natural Gas Not Available

Parking

Gravel, Circular Driveway, Off Street, Unpaved

Interior
InteriorTile, Vinyl
HeatingElectric, Forced Air
FireplaceYes
# of Fireplaces1
FireplacesLiving Room, Wood Burning
# of Stories1
StoriesOne
Appliances

Dishwasher, Exhaust Fan, Electric Range, Microwave, Plumbed For Ice Maker

Exterior
Exterior FeaturesSee Remarks
RoofComposition
ConstructionMasonry, Stone, Stucco
FoundationSlab
Lot Description

Front Yard, Interior Lot, Level, Trees Medium Size, Trees Small Size

School Information
DistrictComal ISD
ElementaryMountain Valley
MiddleMountain Valley Middle
HighCanyon Lake
Additional Information
Date ListedApril 15th, 2024
Days on Market18
Listing Details
Office Contact(512) 829-3580
LISTING MAP

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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 3rd, 2024 at 5:15am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.