Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1231 Mystic Shores Blvd, Unit 1918 Spring Branch, TX 78070

    Sponsored
    For Sale
    $199,000

    LAND - Spring Branch, TX

    Lot size:
    3.86 Acres
    Days on Market:
    20
    Last Refresh:
    Feb 7 at 11:06 pm

    Property Features for 1231 Mystic Shores Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    138567
    Lot size
    3.86 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Kristi Dunlap Smith
    Kristi Dunlap Smith

    Fathom Realty, LLC (972) 836-8632

    Listing agent Kristi Dunlap Smith (972) 836-8632 License #0693570

    Listing date Jan 19, 2026

    MLS# 602253

    Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    3.86 Acre Land Near Canyon Lake

    This 3.86-acre property is located in Mystic Shores, a community with amenities including a 36-acre park, swimming pools, RV/Boat storage, and a lake park with lake entrance. Situated a few minutes from Canyon Lake, the property backs up to a nature preserve. It is located within the Comal Independent School District. The property is intended for residential use, suitable for building a custom home. It offers privacy for family gatherings and outdoor activities within a community setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Branch
    County
    Comal
    State
    Texas
    Longitude
    -98.324989
    Latitude
    29.934315

    Nearby Similar for Sale

    • $1,999,995
      51.68 Acres

      Gated Ranch with Equestrian Amenities

      51.68-acre ranch suitable for equestrian, residential, or commercial ventures.
      6511 -- Fm 311, Spring Branch, TX 78070
      View Details
    • $1,999,995
      51.68 Acres

      Spring Branch Ranch: Blank Canvas

      51.68 acre ranch suitable for equestrian, residential, or commercial use.
      6511 Fm 311, Spring Branch, TX 78070
      View Details
    • $329,900
      2,160 SF

      New Duplex in Lake of Hills

      Two-year-old duplex with modern amenities and easy commute to San Antonio.
      1063 Sleepy Holw, Spring Branch, TX 78070
      View Details
    • $329,900
      2,160 SF

      New Duplex in Spring Branch

      Two-year-old duplex with modern amenities and easy commute to San Antonio.
      1063 Sleepy Holw, Spring Branch, TX 78070
      View Details
    • $219,700
      1,680 SF

      Renovated Home in Indian Hills Estates

      Move-in ready home with modern upgrades on a spacious lot.
      4006 Deerslayer, Spring Branch, TX 78070
      View Details
    • $3,194,000
      6,889 SF

      New Retail Building For Sale

      New construction retail building with long-term corporate lease.
      486 Singing Oaks, Spring Branch, TX
      View Details
    • Contact for pricing
      23,093 SF

      Fully Leased Retail Center

      Fully leased retail center in the thriving Spring Branch market.
      286 Singing Oaks, Spring Branch, TX
      View Details
    • Contact for pricing
      12,588 SF

      Retail Property in Spring Branch

      Retail property in a master-planned community with strong cash flow.
      20248 State Highway 46 W, Spring Branch, TX 78070
      View Details
    • $175,000
      1,606 SF

      Spacious Home on Large Lot

      Three-bedroom home on a large, fenced lot near amenities.
      7947 Caribou Dr, Spring Branch, TX 78070
      View Details
    • Contact for pricing
      2,966 SF

      Restaurant and Retail Opportunity

      2,966 SF building on 2.84 acres with frontage.
      13430 Hwy N, Spring Branch, TX
      View Details
    • $315,000

      Spring Branch Specialty Property Available

      Specialty property for sale in Spring Branch, Texas.
      3119 Tanglewood Trl, Spring Branch, TX 78070
      View Details
    • $1,589,999

      Unique Wedding Venue Opportunity

      Wedding venue property for sale in Spring Branch, Texas.
      371 River Cliff Pl, Spring Branch, TX 78070
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Mystic Shores near Canyon Lake, Spring Branch, TX.
    Where is this residential land & home lot located?
    The property is located at 1231 Mystic Shores Blvd, Unit 1918 Spring Branch, TX.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Large 3.86 acre property backing to a nature preserve.; - Located in the desirable Mystic Shores community near Canyon Lake.; - Access to **first-class Mystic Shores amenities** (36-acre park, swimming pools, RV/Boat storage, lake park, lake entrance).
    (210) 478-1891
    Request Owner's contact information
    1231 Mystic Shores Blvd, Unit 1918 Spring Branch, TX 78070
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1231 Mystic Shores Blvd, Unit 1918
    Spring Branch, TX 78070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1231 Mystic Shores Blvd, Unit 1918 Spring Branch, TX 78070
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kristi Dunlap Smith
    Kristi Dunlap Smith
    Real Estate License ID: 0693570
    (210) 478-1891
    Learn more
    Google sign-in failed. Please try again or use another login method.