640 Rainbow Ridge

Canyon Lake, TX 78133

$699,000
Price
5
Beds
4
Baths
2,774 Sq. Ft.
$252 / Sq. Ft.
2,774
Sq. Ft.
$252
per Sq. Ft.

Description

Location! Location! Location! Completely remodeled and operating short-term rental on the horseshoe within walking distance to the guadalupe river and whitewater ampitheater. Investors, here is your chance to purchase a complete turnkey home on the Horseshoe. The remodel was completed in late 2023 and has been operating as an STR ever since. The home sits on over an acre and is nestled under the oaks. No flood plain issues with this one and just walk to the tube rental and then into the water for...Location! Location! Location! Completely remodeled and operating short-term rental on the horseshoe within walking distance to the guadalupe river and whitewater ampitheater. Investors, here is your chance to purchase a complete turnkey home on the Horseshoe. The remodel was completed in late 2023 and has been operating as an STR ever since. The home sits on over an acre and is nestled under the oaks. No flood plain issues with this one and just walk to the tube rental and then into the water for your relaxing two-hour float. The five-bedroom and four-bathroom home was taken down to the studs and redone from the inside out. New plumbing, electrical, septic tank and field, AC, flooring, drywall, windows, doors, designer plumbing and electrical fixtures, solid wood cabinets with soft close and quartz countertops throughout. The attention to detail is obvious when you walk through and some of the vintage original details are visible. Great neighborhood that is at the heart of all the action. The home can be purchased with all the furniture for your complete turnkey vacation rental or second home. Don't miss your opportunity to own this home today.
  1. Listed by Matthew Hoyt • TREC #0656276 • Res and Ranch LLC • (512) 829-3580
  2. Listed by Russell Martinez • TREC #0470737 • Res and Ranch LLC

Property Details for 640 Rainbow Ridge

Subdivision Name
River Point Estates
Waterfront
No
Waterfront Description
None
Water Access Description
None
View
Neighborhood, Rural
Parcel Number
50461
Tax Lot
3
Tax Block
2

Location

Listing Courtesy of Res and Ranch LLC, Matthew Hoyt, TREC #0656276; Res and Ranch LLC, Russell Martinez, TREC #0470737
Add your commute
LISTING UPDATED: 04/15/2024 01:14 PM

Property Details for 640 Rainbow Ridge

StatusActive
MLS #5962958
Days on Market15
Taxes$5,844 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1975
Lot Size1.01 AC / 44,065 SF
CountyComal County

Location

Listing Courtesy of Res and Ranch LLC, Matthew Hoyt, TREC #0656276; Res and Ranch LLC, Russell Martinez, TREC #0470737
Add your commute

Building Information for 640 Rainbow Ridge

Stories1Year Built1975Building Size-Lot Size1.01 AC / 44,065 SF

Payment Calculator

$4,302 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,815

Property Taxes

$487

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 640 Rainbow Ridge

General Information
Parking
  • Garage Spaces: 0
  • Parking Total: 10
  • Parking Features: Circular Driveway, Gravel, Off Street, Unpaved
  • Garage: No
  • Covered Spaces: 0
Interior
  • Interior Features: Ceiling Fan(s), Separate/Formal Dining Room, Double Vanity, French Door(s)/Atrium Door(s), High Speed Internet, Multiple Living Areas, Multiple Dining Areas, Main Level Master, Multiple Primary Suites, Open Floorplan, Quartz Counters, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Tile, Vinyl
  • Appliances: Dishwasher, Exhaust Fan, Electric Range, Microwave, Plumbed For Ice Maker
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Fireplace Features: Living Room, Wood Burning
  • Laundry Features: Laundry Closet, Washer Hookup, Electric Dryer Hookup
  • Restrictions: Deed Restrictions
Exterior
  • Exterior Features: See Remarks
  • New Construction: No
  • Construction Materials: Masonry, Stone, Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Patio
  • Roof: Composition
  • Fencing: Back Yard, Partial, Privacy, Wood
  • Direction Faces: West
  • Window Features: Double Pane Windows, Low-Emissivity Windows, Vinyl
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • Lot Features: Front Yard, Interior Lot, Level, Trees Medium Size, Trees Small Size
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air, Ceiling Fan(s), Heat Pump
  • Heating YN: Yes
  • Heating: Electric, Forced Air
  • Sewer: Septic Tank
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Not Available, High Speed Internet Available, Phone Available, Water Connected
  • Water Source: Public
Room Information
Room 1
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Quartz Counters
Room 2
  • Room Type: Primary Bathroom
  • Room Level: Main
  • Room Features: Double Vanity, En Suite Bathroom, Quartz Counters, Recessed Lighting
Room 3
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Features: Ceiling Fan(s)
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $391,880
  • Additional Parcels: No
  • Tax Year: 2023
  • Tax Rate: 1.49%
Showing Information
Showing Information
  • Security Features: None
  • Directions: FM 306 to Rainbow Ridge. House is the third on the Left.

Property History for 640 Rainbow Ridge

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 640 Rainbow Ridge

Taxable ValueLand$144,790Additions$247,090Total$391,880
Tax Record2022$840 ($70 / month)
Home Facts
Beds0Total Finished SqFt1,942 SqFtAbove Grade Finished SqFt1,942 SqFtStories1Lot Size44,065 SqFtStyleSingle Family ResidenceYear Built1975CountyCOMALAPN45-0750-0027-00Fireplace TypeHas Fireplace

Schools near 640 Rainbow Ridge

This home is within Comal Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 11 to 12
Rating
School
Distance
Mt Valley Elementary School
PublicPK to 5

Mt Valley Middle School
Public6 to 8

Canyon Lake High School
Public9 to 12

Comal Academy
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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640 Rainbow Ridge is a single family home for sale in Canyon Lake, TX 78133. This property was listed for sale on April 15, 2024 by Res and Ranch LLC, it's currently listed at $699,000. It has been on the market for a total of 15 days and was last sold on August 26, 2022. This listing's school district is Comal Independent School District. Nearby schools include Mt Valley Elementary School, Mt Valley Middle School and Canyon Lake High School. 640 Rainbow Ridge is a 5-bed, 4-bath, 2,774 sqft single family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Res and Ranch LLC, Matthew Hoyt, TREC #0656276; Res and Ranch LLC, Russell Martinez, TREC #0470737

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.