399 Scenic Terrace Drive, Canyon Lake, TX 78133

• 3 beds |
• 1 bath |
• 1,360 sqft

Property Description

OVER $23,500 IN RECENT UPGRADES! POSSIBLE SELLER FINANCING. Former STR earning $199/night and up to $4K/mo. Welcome to 399 Scenic Terrace Dr, a one-of-a-kind Hill Country retreat with character, history, and incredible potential just minutes from beautiful Canyon Lake. This property began as a manufactured home and was later expanded and partially converted to add valuable living space and custom touches throughout. Set on a peaceful 0.23-acre lot with mature trees and a partial view of the lake from the back deck, it’s the perfect spot for relaxing, entertaining, or enjoying the lake lifestyle. THIS PROPERTY NEEDS SOME RENOVATION/TLC - AND HERE'S WHY: When the current owner purchased the property in 2021, he completely transformed it into a warm, rustic-style cabin filled with antique furnishings and charm. As an Airbnb, it became a guest favorite, earning 4.6-star ratings and generating up to $4,000 per month at $199 per night. Guests loved the quiet setting, the proximity to the water, and the cozy, inviting feel of the space. When the owner relocated to Miami for a new CFO position, long-distance hosting became difficult, so he rented the home to a long-term tenant who unfortunately left it in need of some TLC. The home is now being sold AS-IS and needs mostly cosmetic updates such as flooring, interior paint, and HVAC repair or replacement, but the structure is solid and many major improvements have already been completed, including a new roof, two new windows, a new French door, a fire pit, and a rebuilt patio deck—more than $20,000 in recent upgrades. With its strong bones, partial lake view, and proven short-term rental success, this home offers an incredible opportunity for investors, flippers, or DIY buyers looking for a great deal near Canyon Lake. Update it as a weekend getaway, or bring it back as a profitable Airbnb. Don’t miss this chance to own a unique lake-area property with a great story and a bright future.

Listing Status:

Active

Date Added:

November 17, 2025 at 06:00AM

Listing Office:

eXp Realty LLC : (888) 519-7431

Listing Agent:

Knolly Williams : (512) 791-1572

MLS ID:

597721

Interior

• General: All Bedrooms DownCeiling Fan(s)Open FloorplanStorageOtherPantrySee Remarks
• Appliances: Convection OvenDishwasherExhaust FanMicrowaveOtherSee Remarks
• Laundry: Electric Dryer HookupInsideLaundry Closet
• Flooring: Laminate
• A/C: Central AirOtherSee Remarks
• Heating: Central
• Fireplace: OtherSee Remarks

Exterior

• General: Covered PatioDeckOtherPlay StructureSee RemarksFire Pit
• Style: OtherSee Remarks
• Pool: None

Construction

• Roofing: CompositionShingle
• General: FrameStone VeneerWood Siding1Pillar/Post/PierSlab

Location

• Road/Access: OtherSee Remarks
• Originating MLS: CTEXAS_FRAR
• School District: Comal ISD
• County: Comal

Lot

• Zoning: SCENIC TERRACE 1BLOCK 4LOT 4156214
• View: Other
• Fencing: Barbed Wire

Utilities

• Utilities: Cable AvailableElectricity AvailableOtherSee Remarks
• Water: OtherSee Remarks
• Sewer: Public SewerSeptic Tank

Financial

• Source: CTEXAS_FRAR

This listing courtesy of Knolly Williams, eXp Realty LLC