Live, Work, and Invest in the Heart of Canyon Lake! Welcome to a truly one of a kind opportunity in Canyon Lake, Texas a unique residential rental property and a commercial property nestled under majestic Texas Live Oaks. The residential lot is 2.14 acres with FM 306 frontage. The adjacent commercial lot is 2.6 acres. Both lots are separately fenced but gates for walking or driving allows for convenient access for patrons of one or both properties. ~Primary Residence and Overnight Rental Property~ Built in 1998 and thoughtfully maintained, the 1,780 sq ft main home features 3 bedrooms, 2 full bathrooms, and an attached garage, all set on a durable slab foundation. Inside, you'll find a spacious living area with a cozy wood burning fireplace, ceramic tile flooring throughout the main spaces, and plush carpet in the bedrooms. Step into the bright and inviting primary bedroom, features two large windows that fill the space with natural light, creating a warm and airy ambiance. Enjoy the convenience of his and hers closets, offering ample storage and organization. The en suite bathroom is a true highlight, boasting a walk in shower, dual sinks set on elegant wooden cabinetry. It's the perfect private sanctuary to begin and end your day. The heart of the home is the beautifully appointed kitchen, complete with a large island that has additional cabinets and doubles as an eating bar, a gas stove, and rich wooden cabinetry. A bright breakfast nook with a charming bay window and a formal dining area creates ample space for entertaining. From the dining room, step onto a covered wooden back patio overlooking serene greenery and the vacation rental grounds. Outside, enjoy a fenced in side yard with a cabana area, outdoor grill, and built in stone fireplace ideal for hosting! ~Vacation Rentals Laird's Hideaway~ This income producing property features three fully furnished "tiny home" vacation rentals, all with metal roofs, inviting front porches, and 4.94 star reviews on Airbnb. "Lola" & "Morty" Are studio style layouts with open concept living, kitchen, and bedroom spaces. Each unit includes a full size gas stove, farmhouse sink, unique tile backsplash, compact fridge, and a full bathroom with a walk in glass shower and stackable washer/dryer. A loft space with twin beds adds extra sleeping space, currently with 2 twin beds. "Emilia" Offers the same features in a charming design with a gazebo style patio and a slightly smaller loft atop. This property contains storage units for each of the rental units. Adjacent to the main residence are two metal buildings, which are currently used for storage and as a workshop for personal business use. These are approximately 20 x 30 and 30 x 50 in size. The Commercial Property sits on 2.64 acres and is nicely laid out with enhancing features. 7 Pickleball courts with solar powered lighting for early evening games. Conveniently located adjacent to the courts are:2 buildings approximately 8 x 40 in size; each unit contains a restroom w/shower, as well as a kitchenette area o One unit is currently set up as an exercise room o Second units is currently being used as an office and retail o Each unit has an area that is being used for storage or resting. The design of each building is designed so they could be used as an overnight rental. +3 shaded gazebos +Small turf dog park area on courts +Frisbee golf course ~RV Accommodations~ Beyond the courts, near the South Entrance Gate, you'll find 10 fully equipped RV slots, providing even more rental income potential. Guests also have access to a shared laundry facility and a formal dog park. Whether you're looking to run a vacation rental business, host events like Parties, Family Retreats, Birthday Events, or simply enjoy a peaceful home with endless possibilities this multi use estate offers the perfect blend!