Mike Kight
BEDS0
BATHS
SQUARE FEET3,208
MLS#607035
STATUSActive
PROPERTY TYPEResidential - Mobile Home
SUBDIVISIONWaterfront Park
SCHOOLComal ISD
Property Description
Investor opportunity at 1235 Skylark in Canyon Lake! This income-producing property features three residences on one lot?two mobile homes and one modular home?offering multiple revenue streams in a high-demand Hill Country rental market. Two of the homes are currently leased long-term for a combined $2,475/month, while the third operates as a short-term rental with pro forma income bringing total projected rents to approximately $3,675/month ($44,100 annually). It also has one more buildable space for another unit to be added. At the asking price of $325,000, the property offers an estimated gross cap rate of approximately 9.5%, making it a compelling option for investors seeking strong cash flow and diversification between long- and short-term rental strategies. Whether youre expanding a rental portfolio or looking for a value-add opportunity in the Canyon Lake market, 1235 Skylark delivers immediate income with upside potential in one of the fastest-growing recreational areas in Central Texas.
Property Features
Property Type: Residential - Mobile Home
Cooling: Electric
Fenced: Yes
Heating: Electric
Home Style: Modular/Prefab, Manufactured Home
Lot Size: 0.81 Acres
Roof Type: Mixed
Stories: 1.0
Year Built: 2005
Feature Descriptions
Accessibility: None
Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Some Electric Appliances
Body of Water: None
Days on Site: 2
Exterior: Clapboard
Fencing: Cross Fenced, Wood
Fireplace: None
Flooring: Carpet, Laminate, Vinyl
Laundry: Washer Hookup, Electric Dryer Hookup, In Unit
Parcel#: 68500
Units: 3
Utilities: Electricity Available, Trash Collection Private
Water: Community/Coop
Local Schools
School District: Comal ISD
Listed By / Shown By
Listed By
Agency Name: Greenbelt Realty
Agency Phone: (979) 308-1385
Shown By
Agent Name: Mike Kight
Agent Phone: (512) 924-6524
Agency Title: Realty Capital City
Estimate Your Payment
Estimated Payment
$ 818.10 per month $723.31 Principal & Interest $0.00 Property Tax (data not provided by mls) $94.79 Homeowner's InsuranceChange Payment Information
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 12:36:28 AM EST) or Austin MLS (last updated Sat 03/14/2026 12:27:32 AM EST) or CTXMLS (last updated Fri 03/13/2026 11:34:21 PM EST). Real estate listings held by brokerage firms other than Realty Capital City may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Each office independently owned and operated.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 12:36:28 AM EST) or Austin MLS (last updated Sat 03/14/2026 12:27:32 AM EST) or CTXMLS (last updated Fri 03/13/2026 11:34:21 PM EST). Real estate listings held by brokerage firms other than Realty Capital City may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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1235 Skylark Drive | MLS# 607035
This single family home located at 1235 Skylark Drive , Canyon Lake, TX 78133 is currently listed for sale with an asking price of $325,000. This property was built in 2005 and with 3208 sq. ft. Skylark Drive is located in the Waterfront Park subdivision within the Comal ISD school district. Search Waterfront Park real estate on mkight.rmcapitalcity.com today.