ActiveResidential · sale

185 Falcon Ct

Canyon Lake, TX 78133

$375,000

  • 2 beds
  • 2 baths
  • 1,047 sq ft
  • 0.66 acres
  • Built 2015

Listed by Compass RE Texas, LLC · MLS #ACT9116159

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

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.

Contact the property team

PROPERTY QUESTIONS & SHOWINGS

Ask about this property.

185 Falcon Ct, Canyon Lake, TX 78133 · MLS #ACT9116159

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.

Details worth a look

The expansive private deck is the centerpiece: soak in the hot tub, gather around the outdoor fireplace, or relax on the oversized swinging bench while taking in wooded Hill Country views.

Year built

Built in 2015.

Garage parking

1 garage spaces listed.

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

THE PROPERTY

Get to know the property.

FULLY FURNISHED TURNKEY HILL COUNTRY RETREAT + ESTABLISHED STR!

Enjoy a peaceful Canyon Lake escape with vacation rental history dating to 2021. With gross income of $57,642 in 2025 (with 74.79% occupancy) and $41,851 for January through September of 2026 (with 80.95% occupancy), this turnkey property can cash flow from day one. Financial statements, Airbnb earnings reports, and occupancy history available upon request.

Tucked into a quiet cul-de-sac on approximately 0.66 acres, this beautifully maintained 2-bedroom, 2-bath home offers 1,049 square feet of comfortable single-level living. The inviting open-concept layout features granite countertops and a well-appointed kitchen, with furnishings included for an easy transition to your Hill Country getaway or investment property.

The expansive private deck is the centerpiece: soak in the hot tub, gather around the outdoor fireplace, or relax on the oversized swinging bench while taking in wooded Hill Country views. With no neighboring homes directly behind or to the west, the outdoor setting offers a secluded feel, visiting wildlife, and room to unwind beneath the stars.

Located just minutes from Canyon Lake, the Guadalupe River, and Whitewater Amphitheater, with convenient access to Wimberley’s shops, dining, wineries, and breweries. Spend your days boating, floating, or exploring, then return to your own peaceful retreat.

Whether envisioned as a primary residence, weekend escape, or continued vacation rental, this property combines Hill Country charm with documented rental history. Currently operating with a WORD STR permit. Historical results do not guarantee future performance; buyer to verify continued STR use and permit requirements.

THE NEIGHBORHOOD

Explore the location.

185 Falcon Ct, 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

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
2015
Full baths
2
Half baths
0
Garage spaces
1
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator, Washer/Dryer Stacked, Electric Water Heater, Water Softener
Flooring
Vinyl
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Point Rancho Del Lago 1
Parcel
45195
Elementary school
Mountain Valley
Middle school
Mountain Valley Middle
High school
Canyon Lake
Annual property tax
$4,420.34

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$757.68
Estimated monthly rent$1,562.50
Cap rate2.67%

Annual operating income: $10,029.66

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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.

Listing information

MLS #ACT9116159 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Beth Perkins

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