ActiveResidential · sale

316 Prairie Tea Ln

Canyon Lake, TX 78133

$650,000

  • 4 beds
  • 5 baths
  • 2,547 sq ft
  • 0.75 acres
  • Built 2020

Listed by Summers Real Estate · MLS #1969982

A FEW THINGS TO NOTICE

What stands out.

Additional spaces

Steps away the 627-square-foot guest house includes 1 bedroom and 1 bathroom with vaulted ceilings, a full kitchenette, and expansive bi-fold glass doors that open to the covered patio - ideal for effortless entertaining.

Year built

Built in 2020.

Property size

0.75 acres listed.

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

THE PROPERTY

Get to know the property.

Custom Hill Country 3 bedroom 4 bath 1920 SF open-concept home on almost an acre. In the established Summit North a quiet gated neighborhood with custom homes on larger lots. Thoughtfully designed for seamless living, luxurious finishes throughout - including light LVP flooring, custom cabinetry, waterfall quartz island, and designer fixtures. Abundant natural light fills the beautifully appointed interior, creating a warm and tranquil atmosphere. Oversized windows frame views of the shaded private backyard and invite the outdoors in. The expansive primary suite features vaulted ceilings and a spa-inspired bath complete with custom shower tiles, towel warmers, and a Toto bidet. A second private bath offers a soaking tub and shower set within an atrium designed for stargazing, with french doors to the back yard to easily rinse off after your swim. Steps away the 627-square-foot guest house includes 1 bedroom and 1 bathroom with vaulted ceilings, a full kitchenette, and expansive bi-fold glass doors that open to the covered patio - ideal for effortless entertaining. The light filled detached home is a great flex space for an office, studio, or gym. Situated on a level .75-acre lot, the property showcases xeriscaped, drought-tolerant Texas native landscaping, mature trees, and a flagstone pavilion featuring an Endless Pool Swim Spa designed for temp controlled year-round exercise, therapy, and relaxation. The oversized two-car garage includes a dedicated pet-friendly space perfect for a custom cat litter closet or dog wash station. Thoughtfully curated and well maintained, this lightly lived in for only 2 years home and guest house blend indoor-outdoor living space and modern Hill Country living - all just 7 minutes from Canyon Lakes public boat ramp. 5 minuets to Rebecca Creek Elementary, groceries, gas, and fellowship. Reform custom builders with 4 years warranty remaining. Your only challenge will be convincing guests to leave.

THE NEIGHBORHOOD

Explore the location.

316 Prairie Tea Ln, Canyon Lake, TX 78133

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2020
Full baths
4
Half baths
1
Cooling
Two Central, Heat Pump, Zoned
Heating
Central, Heat Pump, Zoned, 2 Units
Flooring
Ceramic Tile, Vinyl
Exterior
Stone/Rock, Stucco
Accessibility
Int Door Opening 32"+, Ext Door Opening 36"+, Doors-Pocket, Doors w/Lever Handles, Grab Bars in Bathroom(s), No Carpet, No Stairs
Pool features
Above Ground Pool, Pool is Heated
Subdivision
THE SUMMIT NORTH
Parcel
520218022300
HOA
SUMMIT N. ESTATES INC
HOA amenities
Controlled Access
Elementary school
Rebecca Creek
Middle school
Mountain Valley
High school
Canyon Lake
Annual property tax
$9,814.00
HOA fee
$150.00

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$2,708.33
Cap rate

Annual operating income:

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

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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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316 Prairie Tea Ln, Canyon Lake, TX 78133 · MLS #1969982

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Listing information

MLS #1969982 · San Antonio Board of Realtors

Listing brokerage: Summers Real Estate
Listing agent: Quince Summers

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