501 Bald Eagle · Canyon Lake, TX 78133

$250,000

3 bd · 2.0 ba · 1,672 sqft · SingleFamily public records · 174 Days on market

Built 2006 0.31 ac lot $150/sqft · 30% below area Est $357k · 30% under ↓ 25% since listing

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +13.0/30.0
• Schools +5.2/10.0
• 1% rule +3.9/10.0
• DSCR +3.9/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 501 Bald Eagle Drive, where Hill Country charm meets relaxed Canyon Lake living. Nestled on a peaceful street surrounded by mature trees and natural beauty, this inviting home offers the perfect blend of comfort, privacy, and connection to the outdoors. Step inside to discover a thoughtfully designed layout, recently completely renovated, filled with natural light and a warm, welcoming atmosphere. Whether you’re hosting friends, enjoying quiet mornings, or unwinding after a day on the lake, this home provides a space that feels both functional and serene. The living areas flow effortlessly, creating an ideal setting for everyday living and entertaining alike. Outside, the property truly shines. The surrounding landscape offers a tranquil retreat—perfect for sipping coffee at sunrise, enjoying evening breezes, or simply soaking in the calm that Canyon Lake is known for. With close proximity to the lake, parks, and local amenities, adventure and relaxation are always within reach. Whether you’re searching for a full-time residence, weekend escape, or investment opportunity, 501 Bald Eagle Drive delivers the lifestyle you’ve been dreaming of. Come experience the beauty, peace, and potential this Canyon Lake home has to offer.

Key facts

• Natural light
• Canyon lake living
• Peaceful street

Tags

• CANYON LAKE LIVING
• RECENTLY COMPLETELY RENOVATED
• NATURAL LIGHT
• THOUGHTFULLY DESIGNED LAYOUT
• MATURE TREES
• PEACEFUL STREET

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-14 ($-162/yr) — negative.
• To cash-flow at today's rent, offer at most $248k (1.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (11.3% below list).
• Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.2% vs local median 2.3% in Canyon Lake — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#534 in TX) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A; Watch: schools C-, amenities F, commute F.
• Comal ISD (rural): math 57% / reading 59% proficiency, ranked #58 of 826 in TX (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-1.2%/yr); 1014 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,420 units permitted in Comal County in 2024 (1,164 in 5+ unit buildings).
• This rent runs 32% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Comal County population projected at +70% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 174 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $35k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $220,000 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 174 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 6.23%
• Cash-on-cash: -0.23%
• DSCR: 0.99
• GRM: 9.4

CMA / ARV

• ARV (median comp): $357,406
• List price: $250,000
• Delta: -30.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
648 Bald Eagle	0.09mi	3/2.0	1,556 (-7%)	6mo	$299,900	$193	79
1680 Lakeview Dr	0.24mi	3/2.0	1,482 (-11%)	7mo	$325,000	$219	64
817 Scenic Dr	0.58mi	3/2.0	1,557 (-7%)	1mo	$389,000	$250	61
1680 Glenn Dr	0.36mi	3/2.0	1,767 (+6%)	16mo	$399,900	$226	60
582 Orbit Dr	0.52mi	3/2.0	1,552 (-7%)	6mo	$299,500	$193	59
1255 Canyon Edge	0.39mi	3/2.0	1,496 (-10%)	10mo	$219,000	$146	56
556 Canyon Edge	0.66mi	3/2.0	1,718 (+3%)	12mo	$375,000	$218	55
760 Lookout	0.72mi	3/3.0	1,685 (+1%)	9mo	$354,900	$211	54
653 Canyon Edge	0.58mi	2/2.5 (-1)	1,728 (+3%)	16mo	$380,000	$220	47
1609 Blueridge Dr	0.36mi	3/2.0	1,440 (-14%)	18mo	$239,000	$166	45
596 Riviera Dr	0.67mi	3/2.0	1,477 (-12%)	10mo	$349,900	$237	41
470 Glenn Dr	0.74mi	2/2.0 (-1)	1,568 (-6%)	18mo	$147,900	$94	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.2%
• Equity multiple: 0.32×
• Total profit: $-47,815
• Equity at exit: $37,276

10-year hold

• IRR: -21.9%
• Equity multiple: 0.03×
• Total profit: $-67,632
• Equity at exit: $21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 78133

• Home prices YoY: -33.8%
• Rents YoY: -1.2%
• Active inventory: 1014
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,218 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$350 /mo · $4,204/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $-14

Break-even live

Break-even rent $2,235

Max offer price $247,611

Occupancy floor 96%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2059 Glenn Dr Canyon Lake, TX	2.0	2.5	2016	$2,750	$1.36	24d	1	0.37mi
1235 Green Hill Dr Canyon Lake, TX	3.0	2.0	1326	$1,800	$1.36	43d	1	0.49mi
1198 Green Hill Dr Canyon Lake, TX	3.0	2.0	1207	$1,775	$1.47	4d	1	0.49mi
1104 Blueridge Dr Canyon Lake, TX	2.0	2.0	1250	$1,700	$1.36	43d	1	0.58mi
1569 Comfort Unit Na Canyon Lake, TX	3.0	2.0	1200	$1,950	$1.62	15d	1	0.60mi
1569 Comfort Canyon Lake, TX	3.0	2.0	1200	$1,950	$1.62	17d	1	0.60mi
693 Riviera Dr Canyon Lake, TX	3.0	2.0	1776	$2,995	$1.69	43d	1	0.66mi
2676 Woodcrest Dr Canyon Lake, TX	3.0	2.0	1180	$2,100	$1.78	43d	1	0.81mi
4348 Morningside Way Canyon Lake, TX	2.0	2.0	1166	$1,550	$1.33	20d	1	0.84mi
612 Mockingbird Dr Canyon Lake, TX	3.0	2.0	1420	$1,950	$1.37	11d	1	0.94mi
1288 Canyon Springs Dr Unit 1351234P Canyon Lake, TX	3.0	2.0	1539	$4,129	$2.68	15d	1	1.18mi
1219 Lakeside Dr E Canyon Lake, TX	4.0	2.0	1216	$2,180	$1.79	4d	1	1.20mi

Listing history 37 events

1. 2026-06-18
   days on market $250,000 Active 174 DOM
2. 2026-06-17
   days on market $250,000 Active 173 DOM
3. 2026-06-16
   days on market $250,000 Active 172 DOM
4. 2026-06-15
   days on market $250,000 Active 171 DOM
5. 2026-06-13
   days on market $250,000 Active 169 DOM
6. 2026-06-09
   days on market $250,000 Active 165 DOM
7. 2026-06-08
   days on market $250,000 Active 164 DOM
8. 2026-06-07
   days on market $250,000 Active 163 DOM
9. 2026-06-04
   days on market $250,000 Active 160 DOM
10. 2026-06-03
    days on market $250,000 Active 159 DOM
11. 2026-06-02
    days on market $250,000 Active 158 DOM
12. 2026-06-02
    days on market $250,000 Active 157 DOM
13. 2026-05-31
    days on market $250,000 Active 156 DOM
14. 2026-04-27
    price $250,000 1277-char remark

    Show marketing remark (1277 chars)

    Welcome to 501 Bald Eagle Drive, where Hill Country charm meets relaxed Canyon Lake living. Nestled on a peaceful street surrounded by mature trees and natural beauty, this inviting home offers the perfect blend of comfort, privacy, and connection to the outdoors. Step inside to discover a thoughtfully designed layout, recently completely renovated, filled with natural light and a warm, welcoming atmosphere. Whether you’re hosting friends, enjoying quiet mornings, or unwinding after a day on the lake, this home provides a space that feels both functional and serene. The living areas flow effortlessly, creating an ideal setting for everyday living and entertaining alike. Outside, the property truly shines. The surrounding landscape offers a tranquil retreat—perfect for sipping coffee at sunrise, enjoying evening breezes, or simply soaking in the calm that Canyon Lake is known for. With close proximity to the lake, parks, and local amenities, adventure and relaxation are always within reach. Whether you’re searching for a full-time residence, weekend escape, or investment opportunity, 501 Bald Eagle Drive delivers the lifestyle you’ve been dreaming of. Come experience the beauty, peace, and potential this Canyon Lake home has to offer.

15. 2026-03-11
    price $269,500 1277-char remark

    Show marketing remark (1277 chars)

    Welcome to 501 Bald Eagle Drive, where Hill Country charm meets relaxed Canyon Lake living. Nestled on a peaceful street surrounded by mature trees and natural beauty, this inviting home offers the perfect blend of comfort, privacy, and connection to the outdoors. Step inside to discover a thoughtfully designed layout, recently completely renovated, filled with natural light and a warm, welcoming atmosphere. Whether you’re hosting friends, enjoying quiet mornings, or unwinding after a day on the lake, this home provides a space that feels both functional and serene. The living areas flow effortlessly, creating an ideal setting for everyday living and entertaining alike. Outside, the property truly shines. The surrounding landscape offers a tranquil retreat—perfect for sipping coffee at sunrise, enjoying evening breezes, or simply soaking in the calm that Canyon Lake is known for. With close proximity to the lake, parks, and local amenities, adventure and relaxation are always within reach. Whether you’re searching for a full-time residence, weekend escape, or investment opportunity, 501 Bald Eagle Drive delivers the lifestyle you’ve been dreaming of. Come experience the beauty, peace, and potential this Canyon Lake home has to offer.

16. 2026-02-09
    price $279,500 1277-char remark

    Show marketing remark (1277 chars)

    Welcome to 501 Bald Eagle Drive, where Hill Country charm meets relaxed Canyon Lake living. Nestled on a peaceful street surrounded by mature trees and natural beauty, this inviting home offers the perfect blend of comfort, privacy, and connection to the outdoors. Step inside to discover a thoughtfully designed layout, recently completely renovated, filled with natural light and a warm, welcoming atmosphere. Whether you’re hosting friends, enjoying quiet mornings, or unwinding after a day on the lake, this home provides a space that feels both functional and serene. The living areas flow effortlessly, creating an ideal setting for everyday living and entertaining alike. Outside, the property truly shines. The surrounding landscape offers a tranquil retreat—perfect for sipping coffee at sunrise, enjoying evening breezes, or simply soaking in the calm that Canyon Lake is known for. With close proximity to the lake, parks, and local amenities, adventure and relaxation are always within reach. Whether you’re searching for a full-time residence, weekend escape, or investment opportunity, 501 Bald Eagle Drive delivers the lifestyle you’ve been dreaming of. Come experience the beauty, peace, and potential this Canyon Lake home has to offer.

17. 2025-12-26
    listed $285,000 Active 1277-char remark

    Show marketing remark (1277 chars)

    Welcome to 501 Bald Eagle Drive, where Hill Country charm meets relaxed Canyon Lake living. Nestled on a peaceful street surrounded by mature trees and natural beauty, this inviting home offers the perfect blend of comfort, privacy, and connection to the outdoors. Step inside to discover a thoughtfully designed layout, recently completely renovated, filled with natural light and a warm, welcoming atmosphere. Whether you’re hosting friends, enjoying quiet mornings, or unwinding after a day on the lake, this home provides a space that feels both functional and serene. The living areas flow effortlessly, creating an ideal setting for everyday living and entertaining alike. Outside, the property truly shines. The surrounding landscape offers a tranquil retreat—perfect for sipping coffee at sunrise, enjoying evening breezes, or simply soaking in the calm that Canyon Lake is known for. With close proximity to the lake, parks, and local amenities, adventure and relaxation are always within reach. Whether you’re searching for a full-time residence, weekend escape, or investment opportunity, 501 Bald Eagle Drive delivers the lifestyle you’ve been dreaming of. Come experience the beauty, peace, and potential this Canyon Lake home has to offer.

18. 2025-01-17
    historical
19. 2024-12-11
    price $212,000
20. 2024-12-11
    price $224,000
21. 2024-11-29
    listed $229,000 New
22. 2024-10-10
    historical
23. 2024-10-10
    historical
24. 2024-10-02
    status Active
25. 2024-10-02
    status Back on Market
26. 2024-09-24
    historical Active Option
27. 2024-09-24
    historical Active Under Contract
28. 2024-09-13
    price $275,000
29. 2024-09-12
    price $275,000
30. 2024-06-25
    price $295,500
31. 2024-06-24
    price $295,500
32. 2024-05-22
    price $309,000
33. 2024-05-22
    price $309,000
34. 2024-04-30
    listed $334,400 New
35. 2024-04-25
    listed $334,400 Active
36. 2000-05-09
    soldstatus
37. 1982-03-08
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,204 · $350/mo
• Projected year-2 tax: $4,575 · $381/mo
• Expected delta: +$371/yr (+$31/mo · 8.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,613
• − Mortgage interest: −$14,004
• − Property taxes: −$4,204
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,129
• − Management: −$2,129
• − Depreciation: −$7,273
• Taxable loss: −$4,376
• Est. tax savings @ 24.0%: +$1,050
• After-tax cash flow: $888/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Comal ISD
• NCES district ID: 4814730
• Math proficiency: 57% ▼ -9.00%
• Reading proficiency: 59% ▼ -2.00%
• Median HH income: $74,792
• Composite: 51.79/100
• National rank: #1671
• State rank: #58 of 826 in TX

Livability — Canyon Lake

• Score: 67/100
• State rank: #534
• US rank: #10441

Category grades

Amenities F Commute F Cost of living A Crime A- Employment A+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canyon Lake, TX
• County: Comal County · 206,262 people
• City population: 42,159
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 21,959
• Household income: $83,853
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 402.0

Population outlook (Comal County) Hauer SSP2

• Today (2025): 175,637 people
• By 2030: 199,911 · +13.8%
• By 2040: 249,436 · +42.0%
• By 2050: 299,430 · +70.5%
• By 2075: 423,857 · +141.3%
• By 2100: 512,048 · +191.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 10% Black 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Lithuanian 3% Romanian 3% Italian 3%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 7%

Political lean MEDSL · Comal

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.2%
• 2008→2024 swing: +1.9pp toward D · 2008: -47.4pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+42.7 2016: R+50.1 2012: R+54.1 2008: R+47.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.36%
• Current HPI: 218.4633
• Rent YoY: ▼ -1.20%
• Metro: San Antonio-New Braunfels, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-25.2% since first listed

24 events — show timeline

• 2026-04-27 Price Changed $250,000 CTXMLS
• 2026-03-11 Price Changed $269,500 CTXMLS
• 2026-02-09 Price Changed $279,500 CTXMLS
• 2025-12-26 Listed $285,000 CTXMLS
• 2025-01-17 Listing Removed — LERA
• 2024-12-11 Price Changed $212,000 LERA
• 2024-12-11 Price Changed $224,000 LERA
• 2024-11-29 Listed $229,000 LERA
• 2024-10-10 Listing Removed — LERA
• 2024-10-10 Listing Removed — CTXMLS
• 2024-10-02 Relisted — CTXMLS
• 2024-10-02 Relisted — LERA
• 2024-09-24 Contingent — LERA
• 2024-09-24 Contingent — CTXMLS
• 2024-09-13 Price Changed $275,000 LERA
• 2024-09-12 Price Changed $275,000 CTXMLS
• 2024-06-25 Price Changed $295,500 LERA
• 2024-06-24 Price Changed $295,500 CTXMLS
• 2024-05-22 Price Changed $309,000 LERA
• 2024-05-22 Price Changed $309,000 CTXMLS
• 2024-04-30 Listed $334,400 LERA
• 2024-04-25 Listed $334,400 CTXMLS
• 2000-05-09 Sold (Public Records) — Public Records
• 1982-03-08 Sold (Public Records) — Public Records

Property tax history

+2.6%/yr

Latest (2026): $4,204 · -5.3% YoY. Source: county tax records.