ActiveResidential · sale

1690 Waterway Lane

New Braunfels, TX 78130

$3,200,000

  • 3 beds
  • 3 baths
  • 3,164 sq ft
  • 1.26 acres
  • Built 2007

Listed by All City San Antonio Registere · MLS #618483

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2007.

Garage parking

2 garage spaces listed.

Property size

1.26 acres listed.

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

THE PROPERTY

Get to know the property.

Opportunities like this rarely become available! Nestled on 1.258 beautifully treed acres just moments from the heart of Gruene, this custom 3,164-square-foot home blends timeless Texas character with modern comfort in one of New Braunfels' most sought-after locations. Built in 2007 with an appreciation for New Braunfels' rich history, the owners thoughtfully incorporated reclaimed and historic architectural elements throughout the home, creating a residence that is warm, authentic, and truly one of a kind. Designed with accessibility in mind, the home is handicap accessible, offering comfort and ease of living for a variety of lifestyles.The spacious floor plan features 3 bedrooms, 3 full bathrooms, and a loft, with a private third bedroom featuring its own entrance—ideal for guests, multi-generational living, a home office, studio, or potential rental income. Designed for entertaining, expansive patios surround the sparkling pool, creating the perfect setting for gatherings or relaxing beneath the mature oak trees.The fully fenced property is enclosed by a substantial masonry wall with wood fencing, providing exceptional privacy. Additional improvements include storage buildings, chicken coop, mature trees, and a circular driveway with abundant parking.Perhaps the property's greatest asset is something that cannot be recreated. Zoned R-3 Multi-Family, this rare offering provides outstanding flexibility for future investment or redevelopment. Step through your private gate into Gruene Lake Village for shopping and dining, or take a short golf cart ride to the Historic Gruene District, where you'll enjoy Gruene Hall, boutiques, restaurants, wineries, and the Guadalupe River. Whether you're searching for a private estate, investment opportunity, or legacy property, 1690 Waterway Lane represents one of the most extraordinary opportunities available in Gruene.This isn't just a home,it's one of the last opportunities to own a significant piece of Gruene.

THE NEIGHBORHOOD

Explore the location.

1690 Waterway Lane, New Braunfels, TX 78130

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2007
Full baths
3
Half baths
0
Garage spaces
2
Cooling
CentralAir,Electric,TwoUnits
Heating
Central,Electric,Fireplaces,MultipleHeatingUnits,WoodStove
Appliances
Dryer,Dishwasher,ElectricWaterHeater,Disposal,GasRange,Microwave,Other,Refrigerator,RangeHood,SeeRemarks,TanklessWaterHeater,VentedExhaustFan,Washer,SomeGasAppliances,Range
Flooring
Hardwood,Tile,Wood,CarpetFree
Utilities
ElectricityAvailable,NaturalGasAvailable,NaturalGasConnected,PhoneAvailable,WaterAvailable
Exterior
CoveredPatio,Deck,HandicapAccessible,Porch,PrivateYard,RainGutters,Storage
Fencing
BackYard,Full,FrontYard,Gate,Masonry,Privacy,Wood
Accessibility
SafeEmergencyEgressFromHome,GrabBars,LowThresholdShower,AccessibleDoors,WheelchairAccess
Pool
Yes
Pool features
AboveGround,Gunite,InGround,OutdoorPool,Private
Spa
No
Parcel
70695
Elementary school
Goodwin-Frazier Elementary
Middle school
Church Hill Middle School
High school
Canyon High School

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$13,333.33
Cap rate

Annual operating income:

Have ERA review this rental estimate

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.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

1690 Waterway Lane, New Braunfels, TX 78130 · MLS #618483

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in New Braunfels.

Listing information

MLS #618483 · Central Texas MLS

Listing brokerage: All City San Antonio Registere
Listing agent: Cheri Kimble

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