ActiveResidential · sale

329 VIP DR

Canyon Lake, TX 78133

$694,000

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

Listed by Sheridan Realty · MLS #1964756

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

Explore this property in 3D
Matterport 3D tour
329 VIP DR, Canyon Lake, TX 78133 — photo 1 View full photo
1 / 61

Interested in this property?

Team ERA is here to help. Tell us what you’re looking for, and we’ll connect you with a local ERA professional.

Schedule a showingAsk a question
Contact the property team

PROPERTY QUESTIONS & SHOWINGS

Ask about this property.

329 VIP DR, Canyon Lake, TX 78133 · MLS #1964756

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.

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.

Property size

0.19 acres 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, there's 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. Located in a peaceful lake community near Canyon Lake Yacht Club and a private waterfront park, this property offers the perfect balance of serenity, recreation, and convenient lake access. Whether you're enjoying peaceful mornings overlooking Canyon Lake or hosting family and friends for the weekend, this home delivers an exceptional Hill Country/ lake lifestyle. Luxury Hill Country living with exceptional Canyon Lake views, elevated design, and the convenience of modern upgrades throughout.
Take a virtual tourExplore the locationMore properties in Canyon Lake

THE NEIGHBORHOOD

Explore the location.

329 VIP DR, Canyon Lake, TX 78133

Loading property map…

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

LOCAL MARKET CONTEXT

Comal County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$419,988Down 1.7% vs. the previous 12 months
Months of supply7.312-month average
Days on market10512-month weighted average

Latest available data: October 2026. Research by ERA Brokers Consolidated.

Explore the full market report

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1978
Full baths
3
Half baths
0
Cooling
One Central
Heating
Central
Flooring
Ceramic Tile, Wood
Exterior
Wood, Siding
Pool features
None
Subdivision
MOUNT LOOKOUT
Parcel
350560008000
HOA
MOUNT LOOKOUT
HOA amenities
BBQ/Grill, Lake/River Park
Elementary school
Mountain Valley
Middle school
Mountain Valley
High school
Canyon Lake
Annual property tax
$5,192.00
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.

Investor outlook Rental potential, ownership costs and property management

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$1,659.65
Estimated monthly rent$2,891.67
Cap rate3.12%

Annual operating income: $21,650.83

HOA: The listing source reports a $65.00 HOA fee, but not a usable payment frequency. HOA costs are not included in this estimate. Choose a monthly amount under Adjust assumptions.

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 & interest—Loan 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

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  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.

More in Canyon Lake.

185 Falcon Ct$375,000185 Falcon CtCanyon Lake, TX414 STAGECOACH DR$259,900414 STAGECOACH DRCanyon Lake, TX611 VALLEY RDG$530,000611 VALLEY RDGCanyon Lake, TX

Listing information

MLS #1964756 · San Antonio Board of Realtors

Listing brokerage: Sheridan Realty
Listing agent: Patty Hardy

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.