
Both lots are being sold together for the listed price, offering a rare 1.18-acre multifamily development opportunity in the Texas Hill Country along FM 32 in Fischer, TX. Located at 7671 FM 32 (Lot 6) and 7665 FM 32 (Lot 7), these Rancho Del Lago lots are approved for multifamily development and allow for a duplex, triplex, or fourplex on each lot, creating the potential for up to 8 total rental units.
Investors, builders, and developers will appreciate that much of the preliminary work has already been completed. Sellers have site plans, foundation engineering, and duplex plans available for review by qualified buyers with proof of funds. Modular construction is welcome.
Conveniently located less than 4 minutes from Canyon Lake High School, the property offers strong appeal for future tenants seeking proximity to local schools, employment centers, and Canyon Lake amenities. City water is available with taps on site. Septic systems will be required; estimates are available upon request.
Looking for a turnkey building solution? The sellers are also available to build to suit on a cost-plus basis with the purchase of the property, providing flexibility for investors seeking a streamlined path from acquisition to construction.
Opportunities for multifamily development in this location are limited. Secure both lots and take advantage of the planning work already completed.
Property Type
Land
Lot Size
1.18 acres
Listed by All City Real Estate Ltd. Co
Property Details
Lot Features
Fencing
Waterfront
Verified property facts
7665 Fm 32 is zoned for Comal ISD with assigned schools: Rebecca Creek (elementary), Mountain Valley Middle (middle), Canyon Lake (high). School assignments should be verified directly with the district.
7665 Fm 32 is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 7665 Fm 32 is $845. 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.
With 20% down ($29,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 7665 Fm 32 is around $844 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline with current price, original ask, and market time.
Comal ISD
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.
20% ($30K)
$149,000
Luxury property intelligence
A sourced read on Rancho Del Lago 7 pricing, timing, and property scale. No automated valuation claim.
List price
$149,000
Price per sqft
Not available
Vs. Rancho Del Lago 7 median
Not available
Days on market
38 days
Original to current
No verified reduction
$149K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 2, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $149,000, 7665 Fm 32 is in the Rancho Del Lago 7 market where there are currently 17 active listings in 78623.
7665 Fm 32 includes verified waterfront access: None. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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