1151 FAWN VALLEY DRIVE, CANYON LAKE, TX 78133

Positioned in one of the fastest-growing lake communities in the Hill Country, this unique property offers an exceptional investment opportunity with immediate income and long-term upside. Spanning 20.58 unrestricted acres, it delivers a rare combination of natural beauty, development flexibility, and strong cash-flow potential. Potters Creek forms the entire southern border, creating a private, scenic natural boundary, while a well-fed pond welcomes you at the entrance. The included half-acre lot in Rocky Creek Ranch adjoins the main acreage and provides a valuable 2" Texas Water Company line--an infrastructure advantage that enhances future expansion or redevelopment options. With the ability to subdivide or extend existing improvements, the land is the foundation for endless investment possibilities. Currently operated as a mobile home park with long- and short-term rentals, you'll have the advantage of turnkey cash flow from day one. Improvements include (1) double-wide residence, (6) single-wide homes, a 240 sqft rental cabin, and an additional 240 sqft unit ready for completion--all in excellent condition with consistent rental demand. A 20×60 equipment building, 12×20 building, and 10×20 carport with storage add operational convenience, while (9) 200-amp meter loops support continued growth. Fencing on three sides, well-kept grounds, and lake views from the two-story home add to the property's appeal. The location offers another key advantage: Canyon Lake remains one of Texas' most desirable recreational markets, attracting steady tourism, year-round renters, and long-term residents seeking proximity to the lake and top Hill Country amenities. Strong rental demand and easy access to San Antonio, New Braunfels, and major corridors make this an ideal investor-focused opportunity.