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Ranch Property With Two Homes
New
For Sale
$924,000

123 Elk Rdg, Canyon Lake, TX 78133

Acreage property with independent utilities, a substantial workshop, and flexible multigenerational or rental use.

Property Size2,302 SF
Price / SF$401.39
Days on Market5

Property Features for 123 Elk Rdg

General Information

Standard status Active
Size 2,302 SF
Property subtype Farm/Ranch

Building Details

Year Built 1995
Listing Agency: Keller Williams Heritage
Listed By: Katie Foerster
Source: Pioneerrealtypartners
Added: Aug 5 Changed: Aug 9 Last Checked: Aug 9 at 12:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Heritage

Investment Insights

Based on property information with market context.

This ranch property at 123 Elk Rdg in Canyon Lake includes two separate residences totaling 3,502 square feet of living space. The renovated main home contains 2,302 square feet with three bedrooms, two bathrooms, a flex room, an oversized three-car garage, attached carport, and additional storage. A second residence, completed in 2020, provides 1,200 square feet with two bedrooms and two-and-a-half bathrooms. The homes are connected by a walking trail and supported by separate electric meters, private wells, and septic systems.

The 5.05-acre property also includes a 2,400-square-foot workshop or barn with dedicated electrical service, plus an electrified storage shed and a 2500-3000 gallon water storage tank. Two private electric-gated entrances provide separate access to each residence. Located outside the city limits in Eden Ranch, the property permits livestock including horses and cattle, with a limit of one head per acre; hogs and pigs are not permitted. Gruene Hall, Creekside Shopping & Dining, and Canyon Lake Dam are 15 minutes away.

Key Highlights

  • 5.05 acres in Eden Ranch outside the city limits
  • Two residences totaling 3,502 square feet of living space
  • Main home: 2,302 square feet, 3/2 plus flex room, built in 1995

Property Analytics

Current Use

Ranches

Suggested Use

Top Pick Big Box & Wholesale Store Kitchen & Bath Showroom Law Firm Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13
Businesses Nearby

Demographics for 78133, TX

20,787
Population
11,208
Households
1.9
Avg Household Size
52
Median Age
33%
College-Educated
94%
High-School Grad
75.5 sq mi
ZIP Area
275
Density / Sq Mi
$80,777
Median Household Income
$45,470
Median Earnings
$1,236
Median Rent
$300,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Ranch - Acreage property with independent utilities, a substantial workshop, and flexible multigenerational or rental use.
Where is this ranch located?
The property is located at 123 Elk Rdg Canyon Lake, TX.
What is the asking price?
The asking price for this property is $924,000.
What are key features of this property?
This property features: 5.05 acres in Eden Ranch outside the city limits; Two residences totaling 3,502 square feet of living space; Main home: 2,302 square feet, 3/2 plus flex room, built in 1995
More about this property
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