Canyon Lake Homes under $500,000

Canyon Lake Homes under $500,000

Welcome to Canyon Lake, Texas—a picturesque gem nestled in the heart of Comal County. Known for its stunning natural beauty and vibrant community spirit, Canyon Lake offers residents a unique blend of tranquil living and outdoor adventure. With its crystal-clear waters and scenic landscapes, the area is perfect for those who enjoy boating, fishing, hiking, and simply soaking in the breathtaking views.

Canyon Lake is more than just a destination; it’s a lifestyle. The city boasts a warm, welcoming atmosphere, where neighbors become friends and community events bring everyone together. With a variety of local shops, restaurants, and recreational activities, there’s always something to explore. Whether you're taking a leisurely stroll along the lakeside or indulging in a weekend barbecue with friends, Canyon Lake embodies the essence of Texas charm.

For homebuyers seeking affordability without compromising on quality, Canyon Lake offers an impressive selection of homes under $500,000. From cozy single-family homes to spacious properties with stunning lake views, there’s something for everyone. These homes provide an excellent opportunity for first-time buyers, families, or anyone looking to invest in a serene environment. Imagine waking up each day in a beautiful home surrounded by nature, where the sounds of chirping birds and the gentle lapping of water become your daily soundtrack.

Discover the magic of Canyon Lake, where affordable living meets a vibrant community and endless outdoor activities. Your dream home awaits in this idyllic Texas paradise!

Newest Canyon Lake Homes under $500,000

1730 Sorrel Creek Dr, Canyon Lake
$299,000
3 Beds ⋅ 2 Baths ⋅ 6387801 MLS ⋅ 78133 Zip Code
Enjoy Canyon Lake views and comfortable single-story living in this inviting home tucked away on a cul-de-sac. Fresh interior paint and new carpeting create a clean, move-in-ready feel, while the split floor plan offers thoughtful separation between the primary suite and secondary bedrooms. The primary retreat features a relaxing soaking tub and separate shower. Step outside to a beautiful back deck—an ideal spot to unwind, entertain, and take in the lake views. The fully fenced yard provides defined outdoor space for recreation, gardening, or simply enjoying the Hill Country surroundings. Located in the Canyon Lake area and served by Comal ISD, this property combines scenic views, functional living, and inviting indoor-outdoor spaces.

1730 Sorrel Creek Dr, Canyon Lake
570 Forest Crst, Canyon Lake
$384,500
3 Beds ⋅ 2 Baths ⋅ 1637778 MLS ⋅ 78133 Zip Code
Welcome home to this beautifully custom-built Canyon Lake property, offering expensive upgrades including a new 2025 Cat-3 impact and hail resistant roof with warranty, custom closets, and 11k iron front and back doors. All situated within a short-term rental friendly neighborhood. Located in the same community as Boat Ramp 5 and Comal Park, this home puts outdoor recreation and lake living right at your fingertips. The masonry and Hardi Plank exterior and full gutters offer both style and durable function. The ventilated garage includes insulated doors that are equipped with Wi-Fi access and exterior remote access. Enjoy a view of the Tx Hill Country from your front porch and potential for second story lake views for anyone who might want to build a platform or "crows nest"! Step through the striking, double front door to an inviting open-concept floor plan featuring wood-looking tile flooring, high ceilings, and neutral colors throughout. A blank canvas ready for your vision and creativity! The spacious living area showcases a tray ceiling and a wood-burning fireplace, creating a warm and welcoming gathering space. The open kitchen is designed for both everyday living and entertaining, featuring an oversized island, granite countertops, custom cabinetry, and a convenient pantry. The spacious primary suite offers another beautiful tray ceiling, while the walk-in closets provide custom built storage and shelving. The primary bathroom includes a garden tub/shower combination for a relaxing retreat. Step outside to a architecturally designed backyard featuring custom landscaping, an 8-foot privacy fence, and a French drain designed to direct water flow. An optional hot tub is also negotiable. With custom details throughout, quality exterior and interior upgrades, a private backyard, Hill Country views, and an unbeatable location near Canyon Lake recreation, this property offers the opportunity to enjoy the best of Texas Hill Country living.

570 Forest Crst, Canyon Lake
1582 Valley Dr, Canyon Lake
$239,000
2 Beds ⋅ 1 Baths ⋅ 9580421 MLS ⋅ 78133 Zip Code
This charming 2-bedroom, 1-bathroom house in Canyon Lake, Texas, offers the perfect blend of comfort and outdoor adventure. Renovated in August 2023, the house features a fresh, modern interior for a comfortable stay. The brand-new patio is an ideal spot to unwind, while the outdoor kitchen provides a convenient space for al fresco dining. Gather around the fire pit in the evenings to enjoy the serene Texas nights. No HOA. Furniture is negotiable.

1582 Valley Dr, Canyon Lake
2870 Candlelight Dr, Canyon Lake
$339,900
3 Beds ⋅ 2 Baths ⋅ 6626524 MLS ⋅ 78133 Zip Code
Curb appeal! This cute well maintained 3-2 has a lot to offer, from 2x6 walls, granite countertops, kitchen island, open to living room and dining room, tile throughout, a storage shed and an insulated She Shed with A/C! Enjoy your mornings and evenings on the covered front porch, huge covered back deck, or sitting around the fire ring. Enjoy the Lake life and with a boat ramp around the corner you are in the water in minutes. Don't let this one slip past you!

2870 Candlelight Dr, Canyon Lake
1746 Cattail, Canyon Lake
$475,000
2 Beds ⋅ 2 Baths ⋅ 4595666 MLS ⋅ 78133 Zip Code
A truly one-of-a-kind Hill Country retreat in Canyon Lake, this thoughtfully updated 2-bedroom, 2-bath home offers 1,715 square feet on an oversized .44-acre corner lot filled with mature trees and distinctive outdoor spaces. The backyard is a private oasis featuring lush landscaping, a custom waterfall and grotto, sprinkler system, and plenty of room to relax or entertain. The centerpiece of the property is the remarkable three-story palapa nestled among the treetops. Built with beams sourced from the historic Bastrop area, the palapa features electricity, cold water plumbing, a half bath, and multiple levels for enjoying the Hill Country breeze, sunrise, and sunset. Inside, the home was remodeled down to the studs and features double-pane windows, updated insulation, luxury vinyl flooring, a spacious kitchen with hand-hammered copper cabinet insets and custom backsplash, and a primary suite with French doors overlooking the backyard and a generous tiled shower. Major improvements include a commercial-grade standing seam metal roof, updated electrical and breaker boxes, PEX water lines, PVC plumbing, water heater, reverse osmosis drinking water system, and recent electrical service upgrades. A private well with water softener and UV filtration provides the home's water supply. The property also offers a large two-car garage and workshop with abundant storage, plus an additional approximately 200-square-foot insulated, heated and air-conditioned garage/multipurpose space with a functional garage door. RV and boat parking, a storage building, and a classic brick barbecue pit add even more versatility. With no HOA and an exceptional combination of character, functionality, and outdoor living, 1746 Cattail is anything but ordinary.

1746 Cattail, Canyon Lake
773 Lookout Dr, Canyon Lake
$449,900
3 Beds ⋅ 2 Baths ⋅ 3715641 MLS ⋅ 78133 Zip Code
Spanning 1.64 acres across 9 individual lots, this Canyon Lake property offers rare space and privacy in a quiet neighborhood. The main house sits on 2 of the lots, providing a solid foundation and a practical layout ready for your personal touch. A full living area and kitchen upstairs, paired with a lower-level mini kitchen, make the setup effortless for multigenerational living or private rental options. Covered balconies on both levels overlook the shaded, fully fenced grounds. Beyond the home, the property features a private 480-foot well alongside its city water connection, a 2-car garage, an expansive 4-car carport, and a storage shed. Gardeners will appreciate the dedicated garden area protected by an 8-foot fence to keep local deer out. Located on a low-traffic street just five minutes from the public boat ramp, you get easy lake access without sacrificing peace and quiet. Whether you choose to keep all 1.64 acres for yourself, update the current home, or build on the remaining lots, this property is packed with potential.

773 Lookout Dr, Canyon Lake
1630 Canyon Edge, Canyon Lake
$375,000
4 Beds ⋅ 3 Baths ⋅ 3976115 MLS ⋅ 78133 Zip Code
Canyon Lake living at its best! This spacious contemporary 4-bedroom, 3-bathroom home offers an open floor plan, abundant natural light, ceiling fans throughout and plenty of room for entertaining, relaxing, and enjoying the lake lifestyle. Soaring ceilings and tile flooring throughout the main living areas create a bright and inviting atmosphere, while large windows fill the home with natural light. The open kitchen features a center island and flows seamlessly into the dining and living areas, making everyday living and entertaining effortless. The spacious primary suite offers a comfortable retreat with walk-in closet and a bathroom featuring a double vanity and walk-in shower with glass doors. Two secondary bedrooms share a convenient Jack-and-Jill bathroom, while a fourth bedroom and additional full bathroom provide flexibility for guests, an office, or a second living arrangement. A brand-new TPO roof has just been completed (w/ warranty), providing value and added peace of mind. Step outside to a private backyard shaded by mature oak trees, complete with a full privacy fence, patio area, and a 9x16 storage shed on slab, complete with power/lighting and AC. The property also offers an impressive attached 4-car carport with lighting, boat parking, and an additional street-side parking pad accommodating approximately three vehicles. Located just a few blocks from Canyon Lake and nearby boat ramps #6 and #8, this property is ideally positioned for enjoying boating, fishing, swimming, and all the recreation the area has to offer. The community also features a pool and sport courts. Whether you're looking for a full-time residence, weekend getaway, or investment property, this home offers the space, location, abundant parking and amenities to make the most of the Canyon Lake lifestyle.

1630 Canyon Edge, Canyon Lake
625 Cypress Dr, Canyon Lake
$165,000
3 Beds ⋅ 2 Baths ⋅ 5761616 MLS ⋅ 78133 Zip Code
Enjoy the Canyon Lake lifestyle without the Canyon Lake price tag. Set on a tree filled 0.334 acre corner lot, this 3 bedroom, 2 bath home offers a peaceful setting with mature trees providing privacy and plenty of outdoor space to enjoy. Canyon Lake and nearby boat ramps are just minutes away, putting boating, fishing, swimming, and days on the water within easy reach. Built in 2015, the home offers 1,088 square feet with an open living and kitchen area, a split bedroom layout, and plenty of natural light. Front and rear decks provide space to relax outdoors, while the two space carport and generous gravel drive offer plenty of room for parking. The kitchen comes equipped with the refrigerator, stove, and dishwasher, and the washer and dryer also convey, making move in simple. Tamarack Shores residents also have access to a community pool, adding another way to enjoy the warmer months. Convenient access to FM 306 makes it easy to get around while still enjoying the relaxed atmosphere of Canyon Lake. Whether you are looking for a full time home, a weekend escape near the water, or an affordable place to enjoy the Texas Hill Country, 625 Cypress Dr brings together privacy, outdoor space, proximity to the lake, and everyday convenience at an approachable price point.

625 Cypress Dr, Canyon Lake
178 Mary Ann Dr, Canyon Lake
$275,000
3 Beds ⋅ 3 Baths ⋅ 8557255 MLS ⋅ 78133 Zip Code
Welcome to this recently remodeled bank-owned property offering an excellent opportunity for both owner-occupants and investors. The home has undergone recent updates and improvements, providing a refreshed interior and a great foundation for its next owner. This home features two stories of living space totaling 2,344 square feet, defined by three-bedroom, two-and-one-half-bathroom residence located at 178 Mary Ann Dr in Canyon Lake, Texas, offering a serene and inviting atmosphere throughout the structure. Offered AS-IS, this property presents an opportunity to purchase an updated home directly from the bank. Buyers are encouraged to perform their own inspections and due diligence regarding the condition of the property, improvements, systems, and any applicable disclosures. With its recent renovations and being close to the lake, this property offers the potential to enjoy the benefits of an updated home while adding your own personal touches. Whether you're searching for your next residence or looking to expand your investment portfolio, this is an opportunity worth exploring.

178 Mary Ann Dr, Canyon Lake
4142 Morningside Way, Canyon Lake
$314,500
3 Beds ⋅ 2 Baths ⋅ 5340236 MLS ⋅ 78133 Zip Code
Very clean 3 bedroom 2 bath home in Canyon Lake Hills. Home features a metal roof, split floor plan, tile floors, stone and stucco exterior, covered patio, shady fenced back yard with a storage shed, and a concrete drive with a carport. Close to boat ramps and neighborhood amenities. Easy access to New Braunfels, San Antonio, and the rest of the Texas Hill Country. Don't miss out on this lake house, make it your own.

4142 Morningside Way, Canyon Lake
581 Lorne Rd, Canyon Lake
$439,900
3 Beds ⋅ 2 Baths ⋅ 6259073 MLS ⋅ 78133 Zip Code
Welcome to peaceful Hill Country living with plenty of privacy and room for all your lake toys! This beautifully updated 3-bedroom, 2-bath home sits on a spacious 1-acre, street-to-street lot surrounded by mature oak trees, creating a private and tranquil setting in a quiet neighborhood. Recent interior upgrades add a fresh, inviting feel, while the wood-burning fireplace provides a cozy focal point in the living room. The roof is approximately 4 years old, offering added peace of mind. Outside, the fully fenced backyard provides plenty of space to relax, entertain, or enjoy the surrounding natural beauty. An extended driveway offers ample parking for boats, RVs, and other recreational vehicles, with additional gravel parking available near the street. Ideally located just a few streets from a boat ramp, Comal Park, and a nearby golf course with walking trails, this property offers easy access to some of the best outdoor recreation Canyon Lake has to offer. Whether you're looking for a full-time residence, weekend getaway, or lake-area retreat, this property offers the space, privacy, and location to enjoy the Hill Country lifestyle. Enjoy a convenient location with easy access to grocery stores, local shops and dining, as well as nearby communities including Spring Branch, New Braunfels, San Antonio, and Austin. Outdoor enthusiasts will appreciate the close proximity to the Guadalupe River, Whitewater Amphitheater, and numerous recreational destinations around Canyon Lake, offering plenty of opportunities for boating, swimming, fishing, hiking, and enjoying the beautiful Hill Country surroundings.

581 Lorne Rd, Canyon Lake
310 Shayla Ln, Canyon Lake
$499,000
3 Beds ⋅ 3 Baths ⋅ 3369302 MLS ⋅ 78133 Zip Code
Welcome to Your Peaceful Retreat at the Fairways of Canyon Lake. In the heart of Canyon Lake's natural beauty, this home offers a perfect blend of tranquility, charm, & modern living. Breathtaking views and serene surroundings, you'll find peace whether stargazing under Texas skies or watching wildlife roam freely across your landscape. Outdoor enthusiasts will love the endless activities right at their doorstep. Comal Park, minutes away, is a local favorite offering boat ramps, picnic spots, playgrounds, sand volleyball, disc golf, and scenic walking trails. This meticulously designed home is on a private lot overlooking the greens of the golf course. The open-concept layout effortlessly combines the living room, kitchen, and dining space, making it perfect for both casual and formal gatherings. The centerpiece of the home is a spacious, island kitchen that boasts granite countertops, ample cabinetry, & a massive pantry with open shelving. Top-of-the-line Samsung appliances elevate the space. Upstairs, a versatile flex space awaits your imagination—whether it's a media room, office or hobby space. The primary bedroom offers a private retreat w/natural light and views of the surrounding nature. The spa-like ensuite bathroom features walk-in shower w/dual rain shower heads for ultimate relaxation, double vanities, & generously sized walk-in closet. Two additional bedrooms share a functional Jack-and-Jill bathroom, making it a perfect setup for family or guests. Step outside to enjoy the covered patio that stretches across the back of the home, offering views of the wet-weather creek & abundant wildlife. In the front, the golf course greens provide a peaceful backdrop. This home is also conveniently located near New Braunfels, Gruene, San Antonio, & Austin. You'll have the best of both worlds—access to the vibrant city life while enjoying the calm & beauty of Canyon Lake living. Currently leased until 3/2026, see docs. For more info, go to: https://wkf.ms/4815GRR

310 Shayla Ln, Canyon Lake
Start Your Search