Build your Hill Country dream home on this beautiful 1+ acre property ideally located in the famous Horseshoe on the Guadalupe River with no HOA. Offering level terrain, this homesite is ready for construction with a water tap already installed and an electrical pole and transformer located on the property. Enjoy the best of Canyon Lake living with easy access to the Guadalupe River in the subdivision, tubing, fishing, kayaking, and endless outdoor recreation. Just minutes from Whitewater Amphitheater, you'll love having live music, popular restaurants, and local entertainment nearby. Canyon Lake is also just a short drive away, providing opportunities for boating, swimming, and lakeside relaxation. Whether you're looking to build a full-time residence, vacation getaway, or investment property, this prime location offers the perfect combination of convenience, recreation, and Texas Hill Country charm.
Active
Price cut: $10K (9/9)
$219,000
641 Rainbow Rdg, Canyon Lake, TX 78133
--beds
--baths
1.06Acres
Unimproved Land
Built in ----
1.06 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Level terrain
- 122 days
- 29
- 2
Zillow last checked:
Listing updated:
Listed by:
Crystal Unrue (210)725-5201,
Sullivan Hill Country Properti
Source: Central Texas MLS,MLS#: 616393
Originating MLS: Four Rivers Association of REALTORS
Originating MLS: Four Rivers Association of REALTORSFacts & features
Interior
Video & virtual tour
Property
Features
- Fencing: None
- Has view: Yes
- View description: Trees/Woods
- Body of water: Woods
Lot
- Size: 1.06 Acres
- Dimensions: 153 x 296
Details
- Additional structures: None
- Parcel number: 50508
- Zoning description: Residential
Utilities & green energy
- Sewer: Septic Needed
- Water: Not Connected (at lot), Public
- Utilities for property: Electricity Available, Trash Collection Private, Water Available
Community & HOA
Community
- Features: None
- Subdivision: River Point Estates 2
HOA
- Has HOA: No
Location
- Region: Canyon Lake
Financial & listing details
- Tax assessed value: $233,990
- Date on market: 6/10/2026
- Cumulative days on market: 125 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Price change | $219,000-4.4% |
Source:  Central Texas MLS #616393 Report a problem | ||
| 7/22/2026 | Price change | $229,000-4.2% |
Source: Central Texas MLS #616393 Report a problem | ||
| 6/12/2026 | Listed for sale | $239,000-13.1% |
Source: Central Texas MLS #616393 Report a problem | ||
| 8/23/2023 | Listing removed | -- |
Source:  Unlock MLS #1081976 Report a problem | ||
| 7/23/2023 | Listed for sale | $275,000 |
Source: Central Texas MLS #515602 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $174,012 +20% |
| 2025 | $2,175 +22.1% | $145,010 +20% |
| 2024 | $1,781 +18.6% | $120,842 -18.7% |
| 2023 | $1,502 -40% | $148,650 |
| 2022 | $2,502 +193.8% | $148,650 +213.3% |
| 2021 | $852 +0.2% | $47,450 |
| 2020 | $850 -3.6% | $47,450 |
| 2019 | $882 -2.6% | $47,450 |
| 2018 | $905 | $47,450 +0% |
| 2017 | -- | $47,440 |
| 2016 | $889 +15% | $47,440 |
| 2015 | $773 | $47,440 +15% |
| 2014 | $773 | $41,250 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 78133
Nearby schools
Schools provided by the listing agent
- Elementary: Mountain Valley Elementary
- Middle: Mountain Valley Middle School
- High: Canyon Lake High School
- District: Comal ISD
Source: Central Texas MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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