ActiveResidential · sale

329 Vip

Canyon Lake, TX 78133

$694,000

  • 3 beds
  • 3,249 sq ft
  • 0.19 acres
  • Built 1978

Listed by Sheridan Realty · MLS #613132

A FEW THINGS TO NOTICE

What stands out.

Living spaces

Designed for comfortable everyday living, the main level, which is also the entry level of the home, includes the primary living room with fireplace, dining area, kitchen, spacious primary suite, an additional bedroom and bath, plus the attached two-car garage.

Year built

Built in 1978.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to 329 VIP Drive, a standout Hill Country retreat in the sought-after Mount Lookout neighborhood and five minutes drive to the yacht club. As you arrive, theres an immediate sense of calm and privacy that sets the tone for true lake living. Positioned on the center circle of this well-maintained community, the setting feels both exclusive and inviting. This two-story home is designed to impress, complete with the rare convenience of a private elevator connecting both levels. The main living area is located on the second floor to fully capture the sweeping Canyon Lake views, and it delivers with breathtaking scenery that stretches for miles. Surrounded by two expansive decks, the upper level offers exceptional indoor-outdoor living with multiple spaces to relax, entertain, and take in the incredible lake and Hill Country views. Designed for comfortable everyday living, the main level, which is also the entry level of the home, includes the primary living room with fireplace, dining area, kitchen, spacious primary suite, an additional bedroom and bath, plus the attached two-car garage. The thoughtful layout allows for convenient single-level living while still offering abundant additional space downstairs. The lower level opens up even more possibilities with a large flex space ideal for a second living area, game room, bunk room, media room, or entertaining area. Downstairs also features a third bedroom, dedicated office, full bathroom, laundry area, and an oversized mudroom/storage space, giving the home exceptional versatility for guests, remote work, or multi-generational living. Inside, the home offers a refined blend of comfort and style. Thoughtfully updated living spaces, tasteful finishes, and abundant natural light create a warm and elevated atmosphere that perfectly complements the surrounding lake and Hill Country views.

THE NEIGHBORHOOD

Explore the location.

329 Vip, Canyon Lake, TX 78133

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1978
Full baths
3
Half baths
0
Garage spaces
2
Cooling
OneUnit
Appliances
DoubleOven,Dishwasher,GasCooktop,SomeGasAppliances,BuiltInOven,Cooktop,Microwave
Flooring
CeramicTile,Wood
Utilities
ElectricityAvailable,NaturalGasAvailable,HighSpeedInternetAvailable
Exterior
Balcony,Deck,PrivateYard
Fencing
BackYard
Pool features
None
Spa
No
Subdivision
Mount Lookout 1
Parcel
38427
HOA
Mount Lookout
HOA fee frequency
Annually
Elementary school
Mountain Valley Elementary
Middle school
Mountain Valley Middle School
High school
Canyon Lake High School
HOA fee
$65.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$2,891.67
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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329 Vip, Canyon Lake, TX 78133 · MLS #613132

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Listing information

MLS #613132 · Central Texas MLS

Listing brokerage: Sheridan Realty
Listing agent: Patty Hardy

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.