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ActiveMLS #1700589

2551 Lakeshore DR, Canyon Lake TX 78133

Canyon Lake, TX 78133 · Canyon Lake Shores 1

Single Family Residence for sale in Canyon Lake Shores 1

3Bedrooms
3 full / 2 halfBathrooms
2,525Square Ft
0.46Acres
4Garage
2022Year Built
Price Reduced
1 / 40
$1,400,000$1,500,000
3D tour

Overview

Property Description

2551 Lakeshore Dr is the kind of property that rarely comes to market because it offers more than a home. It offers options. Set near the water with lake views and located .3 mi from Boat Ramp 22, this unique property blends everyday comfort, exceptional utility, and real income-producing flexibility. The 2,525 square foot residence is paired with two fully finished, air-conditioned 1,200 square foot shops, bringing the property to nearly 5,000 square feet of finished space. With no HOA and short-term rentals allowed, the possibilities here are unusually wide. Whether envisioned as a private residence with supplemental rental income, a live-work setup, a hobbyist's dream, a storage-based revenue opportunity, or a multigenerational retreat, this property is designed to adapt. One shop is ideal for conversion into detached living quarters, premium toy storage, or a business space suited for uses such as woodworking, paint and repair, or other hands-on ventures. The second shop is attached and already outfitted with built-ins, making it immediately functional for storage, workspace, or operational use. Both feature bathrooms, HVAC, and 220 lines for serious capability. One also contains it own washer and dryer set up. A 14-foot door and separate exterior RV parking with hookups add even more versatility for owners, guests, or rental use. Beyond its functional appeal, the lifestyle here is just as compelling. The outdoor living experience is thoughtfully elevated with a pool and spa, 450 sq ft covered living space with fireplace, an outdoor kitchen, remote shades that automatically retract in high winds, a Pioneer sound system running throughout the outdoor living areas, house, and shops, propane service and gas cooking. This is not simply a lake-area property. It is a strategic opportunity for the buyer who wants lifestyle, freedom, and the kind of flexible real estate that can serve personal enjoyment and practical return at the same time.

Financial Info
Price
$1,400,000
$ / Sqft
$554
HOA
None
Tax Rate
1.499773%
Est. Taxes
$11,637
Tax Year
2025
Exemptions
Homestead, Over 65
Legal Info
Address
2551 Lakeshore DR
County
Comal
City
Canyon Lake
State
TX
Zip
78133
Subdivision
Canyon Lake Shores 1
Legal Description
CANYON LAKE SHORES 1, LOT 17R
Parcel
12728
Interior Features
Floor
Wood
Num Living
1
Dining
1
Kitchen
Kitchen Island, Pantry
Appliances
Dishwasher, Disposal, Range
Laundry
Laundry Room
Master Main
Yes
Fireplaces
2
Fireplace Description
Family Room, Stone, Wood Burning
Interior Features
Ceiling Fan(s), Kitchen Island, Open Floorplan, Pantry, None
General Info
Beds
3 Total / 1 Main Level / 2 Other Level
Full / Half Baths
3 / 2
Prop Type
Residential
Property Type
Single Family Residence
Stories
2
Year Built
2022 / Resale
Square Feet
2,525 / Public Records
Garages
4
Garage Desc
Attached, Garage, Golf Cart Garage, Oversized, Private
Foundation
Slab
Roof
Metal
Construction
Masonry – All Sides, Stone
Acres
0.46
Lot Description
Back Yard
Restrictions
None
Flood Plain
No
View
Hill Country, Pool
Water Access
No
Waterfront
No
Area
CM
Utility Info
Water
Public
Sewer
Aerobic Septic
Utilities
Electricity Available, Water Available
Heat
Central, Electric
A C
Central Air
Exterior Features
Fence
Privacy
Exterior Features
Balcony, Covered, Patio
Pool On Property
Yes
Area Amenities
None

Price history

Members only
Days on market
−$100,000 (−6.7%)
$1,500,000 → $1,400,000
1
Price reduction
Active
Since Apr 23, 2026
Price trend
List priceApr 2026Sep 2026
Property history2 events
DateEventPriceChange
Sep 4, 2026Price Decrease$1,400,000−$100,000 (−6.7%)
Apr 28, 2026New Listing

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info
District
Comal ISD
Elementary
Mountain Valley
Middle
Mountain Valley Middle
High
Canyon Lake

Maps

Financing

Your preferences

  • 20% down
  • Conv/Jumbo
  • 30 years
  • 6.50% rate

Saved on this device

List price $1,400,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

Estimated monthly payment

$9,216 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $9,216

Principal & interest
$7,079
Property taxes
$970
Homeowners insurance
$1,167

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal vs interest
1$1,120,000$12,519$72,431$1,107,481
2$1,107,481$13,357$71,593$1,094,125
3$1,094,125$14,251$70,698$1,079,873
4$1,079,873$15,206$69,744$1,064,667
5$1,064,667$16,224$68,726$1,048,443
6$1,048,443$17,311$67,639$1,031,132
7$1,031,132$18,470$66,480$1,012,662
8$1,012,662$19,707$65,243$992,955
9$992,955$21,027$63,923$971,928
10$971,928$22,435$62,515$949,493
  • Year 1$1,107,481
    Principal paid
    $12,519
    Interest paid
    $72,431
    Starting balance
    $1,120,000
  • Year 2$1,094,125
    Principal paid
    $13,357
    Interest paid
    $71,593
    Starting balance
    $1,107,481
  • Year 3$1,079,873
    Principal paid
    $14,251
    Interest paid
    $70,698
    Starting balance
    $1,094,125
  • Year 4$1,064,667
    Principal paid
    $15,206
    Interest paid
    $69,744
    Starting balance
    $1,079,873
  • Year 5$1,048,443
    Principal paid
    $16,224
    Interest paid
    $68,726
    Starting balance
    $1,064,667
  • Year 6$1,031,132
    Principal paid
    $17,311
    Interest paid
    $67,639
    Starting balance
    $1,048,443
  • Year 7$1,012,662
    Principal paid
    $18,470
    Interest paid
    $66,480
    Starting balance
    $1,031,132
  • Year 8$992,955
    Principal paid
    $19,707
    Interest paid
    $65,243
    Starting balance
    $1,012,662
  • Year 9$971,928
    Principal paid
    $21,027
    Interest paid
    $63,923
    Starting balance
    $992,955
  • Year 10$949,493
    Principal paid
    $22,435
    Interest paid
    $62,515
    Starting balance
    $971,928
First 10 of 30 years

Nearby

Courtesy of Keller Williams Heritage · (210) 493-3030

Listings courtesy of ACTRIS as distributed by MLS GRID.