1201 Oblate Dr, Canyon Lake, TX 78133

A classic Canyon Lake home + MORE! Step inside and you'll quickly see - this property isn't just one home, it's THREE. 3 doors, 3 stories, 3 ways to live the lake life while *building income* along the way. The main residence sets the stage - Renovated in 2024, it's open and bright, with a kitchen that begs for family breakfasts and a stone-fireplace living room perfect for long evenings after a day at the lake. Downstairs, a finished basement offers space for a game room, office, or extra guests-flexibility built right in. Just a few steps away, the detached guest house tells a different story: private, completely remodeled, and ready to welcome long-term tenants or vacation guests. With its own fenced yard and covered parking, it feels like its own little retreat. And then?! There's the upstairs apartment-a cozy one-bedroom with its own entrance, storage, and character. Ideal for guests who want their own perch or renters who love being part of a lively lake community. Out back, a shaded, fenced yard brings everyone together-room to host BBQs, add a hot tub, or simply relax under the Hill Country sky. And when the lake calls? Boat Ramp 7 is just around the corner. Even with lower water levels, neighbors here know how to make the most of lake life-and this home puts you right in the middle of it. This is more than a property. It's a place where you can live, host, and invest all at once-a family compound, a rental dream, or a mix of both. At 1201 Oblate Dr, Canyon Lake, the story is yours to write. Specs: Main Residence ~ 2,500 SF + 400 SF finished basement (gameroom, bedroom, office - what will you make it?). Renovated in 2024 with a bright, open kitchen, large pantry, and a massive family room with stone fireplace. Includes 3 beds, 2 baths, enclosed patio, and new roof. Detached Guest House ~1,136 SF. Completely remodeled 2-bedroom, 1-bath unit with its own entrance, fenced yard and covered parking. Private and ideal for long-term rental or Airbnb. Upstairs Apartment ~ 900 SF. 1-bedroom, 1-bath with its own entrance, ample storage, and rental-ready condition. Outside of all the indoor living opportunity, you'll have a huge, shaded, fenced backyard to allow for common space AND private entertainment! And?! Beyond the property itself, take advantage of lake life with CL's most favorite boat ramps - and yes, water is down but come check out how residents are still living their best life at boat ramp 7!