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Keenan Group#1 Austin Board of Realtors Team 2024

$1,400,000

3Beds
3.2Baths
2,525Sq Ft
0.46 acresLot

2551 Lakeshore Dr, Canyon Lake, TX 78133

Reduced 7%$1,500,000
Canyon Lake·MLS# 1700589·Built 2022·183 days on market

3 bed, 3 bath, 2,525 sqft on 0.46 acres in Canyon Lake. Canyon Lake, TX 78133. $1,400,000. Comal ISD.

About This Home

2551 Lakeshore Dr is the kind of property that rarely comes to market because it offers more than a home. It offers options. Set near the water with lake views and located .3 mi from Boat Ramp 22, this unique property blends everyday comfort, exceptional utility, and real income-producing flexibility. The 2,525 square foot residence is paired with two fully finished, air-conditioned 1,200 square foot shops, bringing the property to nearly 5,000 square feet of finished space. With no HOA and short-term rentals allowed, the possibilities here are unusually wide. Whether envisioned as a private residence with supplemental rental income, a live-work setup, a hobbyist's dream, a storage-based revenue opportunity, or a multigenerational retreat, this property is designed to adapt. One shop is ideal for conversion into detached living quarters, premium toy storage, or a business space suited for uses such as woodworking, paint and repair, or other hands-on ventures. The second shop is attached and already outfitted with built-ins, making it immediately functional for storage, workspace, or operational use. Both feature bathrooms, HVAC, and 220 lines for serious capability. One also contains it own washer and dryer set up. A 14-foot door and separate exterior RV parking with hookups add even more versatility for owners, guests, or rental use. Beyond its functional appeal, the lifestyle here is just as compelling. The outdoor living experience is thoughtfully elevated with a pool and spa, 450 sq ft covered living space with fireplace, an outdoor kitchen, remote shades that automatically retract in high winds, a Pioneer sound system running throughout the outdoor living areas, house, and shops, propane service and gas cooking. This is not simply a lake-area property. It is a strategic opportunity for the buyer who wants lifestyle, freedom, and the kind of flexible real estate that can serve personal enjoyment and practical return at the same time.

Property Type
Residential
Year Built
2022
Lot Size
0.46 acres
Price / Sq Ft
$554
Garage
4 spaces
Pool
Yes

Listing information last updated September 4, 2026.

Listed by Keller Williams Heritage

MLS# 1700589 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Private pool and outdoor entertaining setup
4-car garage with additional parking capacity
Generous 0.46-acre lot
Ceiling Fan(s)
Kitchen Island
Open Floorplan

Facts & Features

Interior

Features

  • Ceiling Fan(s)
  • Kitchen Island
  • Open Floorplan
  • Pantry

Appliances

  • Dishwasher
  • Disposal
  • Range

Flooring

  • Wood
Heating
Central,Electric
Cooling
Central Air
Fireplaces
2
Exterior & Lot

Features

  • Balcony

Construction

  • Masonry – All Sides
  • Stone

Lot Features

  • Back Yard

Fencing

  • Privacy

Foundation

  • Slab

Patio / Porch

  • Covered
  • Patio
Roof
Metal
Lot Size
0.46 Acres

Parking

  • Attached
  • Garage
  • Golf Cart Garage
  • Oversized
  • Private
Garage Spaces
4
Pool
Yes
Financial
Original List Price
$1,500,000
Price per Sq Ft
$554
Utilities
  • Electricity Available
  • Water Available
Water Source
Public
Sewer
Aerobic Septic

Transaction History

1 record on file

Every recorded listing, sale, and lease at 2551 Lakeshore DR, whoever represented it.

  1. ActiveListed 2026
    Current price: $1,400,000Original list: $1,500,000MLS 1700589
    1. Listed · April 23, 2026$1,500,000
    2. Price changed · September 4, 2026$1,400,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

Price & Listing History

Price Change with current price, original ask, and market time.

View Timeline
Current list
$1,400,000
Original list
$1,500,000
Price movement
$100K reduction
Listed / DOM
Apr 23, 2026 · 183 days

Virtual Tour

Virtual tour of 2551 Lakeshore Dr
Map showing 2551 Lakeshore DR
2551 Lakeshore DR
Directions

Zoned Schools

Comal ISD

1 High School1 Middle School1 Elementary School

Canyon Lake

High SchoolGrades 9-12Zoned assignment

Mountain Valley Middle

Middle SchoolGrades 6-8Zoned assignment

Mountain Valley

ElementaryGrades K-5Zoned assignment

Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.

Principal & interest
$7,694

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($280K)

Adjustable assumption - not a lending recommendation.

$1,400,000

Loan: $1.1M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-22
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Keenan Market Position

A sourced read on Canyon Lake pricing, timing, and property scale. No automated valuation claim.

List price

$1,400,000

Price per sqft

$554/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

183 days

Original to current

$100K reduction

$1.5M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Homes sold by Keenan Group.

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Frequently Asked Questions

How much is 2551 Lakeshore Dr?

2551 Lakeshore Dr is listed at $1,400,000 with 3 bedrooms, 3 full, 2 half bathrooms, 2,525 square feet, 0.46-acre lot. This places it above the ZIP 78133 single-family closed-sale median price of $425,000 (ZIP 78133 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 22, 2026).

What school district is 2551 Lakeshore Dr in?

2551 Lakeshore Dr is zoned for Comal ISD with assigned schools: Mountain Valley (elementary), Mountain Valley Middle (middle), Canyon Lake (high). School assignments should be verified directly with the district.

What are the property details for 2551 Lakeshore Dr?

2551 Lakeshore Dr is a Residential built in 2022 featuring 3 bedrooms, 3 full, 2 half bathrooms, 2,525 square feet, 0.46-acre lot.

What are the property taxes for 2551 Lakeshore Dr?

The most recent annual property tax for 2551 Lakeshore Dr is $11,637. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 2551 Lakeshore Dr?

This page does not assume a mortgage rate or publish a monthly payment for 2551 Lakeshore Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 2551 Lakeshore Dr compare with other homes in Canyon Lake?

As of Oct 15, 2026, 2551 Lakeshore Dr is offered at $1,400,000. The current MLS snapshot shows 92 active listings in 78133. Keenan Group has completed 3 verified transactions in 78133 within its 1,000+ completed transactions and $1B+ career volume across Austin.

When was 2551 Lakeshore Dr built?

2551 Lakeshore Dr was built in 2022, making it 4 years old with relatively recent construction.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Canyon Lake

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

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Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

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Based on information submitted to MLS GRID as of 10/15/2026, 5:07:27 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 5:07:27 PM

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