— bed, — bath on 1.18 acres in Fischer. Fischer, TX 78623. $118,900. Comal ISD.
About This Home
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
Listing information last updated October 21, 2026.
Listed by All City Real Estate Ltd. Co
MLS# 7203117 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Few Trees
- Irregular Lot
- Lot Size
- 1.18 Acres
Financial
- Original List Price
- $149,000
Utilities
- Electricity Available
- Water Available
- Water Source
- Public
- Sewer
- Septic Needed
Transaction History
1 record on file
Every recorded listing, sale, and lease at 7665 Fm 32, whoever represented it.
- ActiveListed 2026Current price: $118,900Original list: $149,000MLS 7203117
- Listed · June 25, 2026$149,000
- Price changed · August 31, 2026$148,900
- Price changed · September 3, 2026$119,000
- Price changed · October 21, 2026$118,900
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $118,900
- Original list
- $149,000
- Price movement
- $30.1K reduction
- Listed / DOM
- Jun 25, 2026 · 120 days
Zoned Schools
Comal ISD
Canyon Lake
Mountain Valley Middle
Rebecca Creek
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($24K)
Adjustable assumption - not a lending recommendation.
$118,900
Luxury property intelligence
Keenan Market Position
A sourced read on Fischer pricing, timing, and property scale. No automated valuation claim.
List price
$118,900
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
120 days
Original to current
$30.1K reduction
$149K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 21, 2026.
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