Description
Unbelievable Commercial or Residential Opportunity! This 2.93-acre corner property sits at a lighted intersection on the SW corner of FM 306 and Maricopa Dr., right in the heart of Canyon Lake's Sattler community. Just across from Mountain Valley Elementary and only 0.4 miles from the Guadalupe's Horseshoe, Whitewater Amphitheater, and Camp Fimfo-all less than a minute's drive. The AADT on FM 306 just west of FM 2673 is 10,916 (2024), offering prime visibility and exposure. The Comal Appraisal District designates this property as Commercial, though it currently features a 2,470 SF structure built in 1940. Its layout suggests it may have once served as a lodge or small hotel, though it has been used as a single-family residence for the past 43 years. There are no zoning or deed restrictions, opening the door to endless possibilities for redevelopment. With approx. 324 feet of frontage on FM 306, the site is ideal for a variety of uses-commercial, hospitality, or residential. The existing structure could easily be repurposed into a restaurant, bed & breakfast, lodge, or boutique hotel, while the adjoining land could accommodate a new commercial building on the hard corner. Alternatively, the existing improvements could be removed to make way for a larger commercial development-or kept as a vintage, character-filled homestead on a spacious 2.93-acre tract. Property is part of an estate sale and will convey AS-IS with no seller's disclosures. Water service provided by Texas Water Co.; on-site conventional septic system replaced in 2019 (permit available). Don't miss this rare chance to secure one of Canyon Lake's most versatile and high-visibility corner parcels-the opportunities here are truly endless!
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0BEDS
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2.93ACRES
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0BATHS
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01/2 BATHS
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2,470SQFT
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$323$/SQFT
© 2026 Central Texas MLS.
Listing courtesy of Cynthia Griffin of Saxet Realty, Inc: (830) 935-3691.
Description
Unbelievable Commercial or Residential Opportunity! This 2.93-acre corner property sits at a lighted intersection on the SW corner of FM 306 and Maricopa Dr., right in the heart of Canyon Lake's Sattler community. Just across from Mountain Valley Elementary and only 0.4 miles from the Guadalupe's Horseshoe, Whitewater Amphitheater, and Camp Fimfo-all less than a minute's drive. The AADT on FM 306 just west of FM 2673 is 10,916 (2024), offering prime visibility and exposure. The Comal Appraisal District designates this property as Commercial, though it currently features a 2,470 SF structure built in 1940. Its layout suggests it may have once served as a lodge or small hotel, though it has been used as a single-family residence for the past 43 years. There are no zoning or deed restrictions, opening the door to endless possibilities for redevelopment. With approx. 324 feet of frontage on FM 306, the site is ideal for a variety of uses-commercial, hospitality, or residential. The existing structure could easily be repurposed into a restaurant, bed & breakfast, lodge, or boutique hotel, while the adjoining land could accommodate a new commercial building on the hard corner. Alternatively, the existing improvements could be removed to make way for a larger commercial development-or kept as a vintage, character-filled homestead on a spacious 2.93-acre tract. Property is part of an estate sale and will convey AS-IS with no seller's disclosures. Water service provided by Texas Water Co.; on-site conventional septic system replaced in 2019 (permit available). Don't miss this rare chance to secure one of Canyon Lake's most versatile and high-visibility corner parcels-the opportunities here are truly endless!
© 2026 Central Texas Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively 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. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Texas Realty. Data last updated: 2026-01-14T11:06:02.93.