Discover a rare opportunity to own 4.16 acres of prime waterfront on Canyon Lakes main body, located in the highly sought after Canyon Lake Island subdivision. With 335 feet of water frontage and panoramic views from the dam to the Guadalupe River inleteven during low lake levelsthis unique peninsula property offers sunrise and sunset views certain times of year. The custom 2701 SF home, built in 2002, features 3 bedrooms, 2.5 baths, 2 additional flex rooms, and thoughtful single story design for easy living. Highlights include oak hardwood floors, a striking 3 sided stone fireplace, a true butlers pantry, and a central vacuum system. One flex space has a private entrance and sink, ideal for a guest suite or office. The foyer is paved with petrified wood slabs collected by the original owners, avid rockhounds. Xeriscaped landscaping, mature live oaks, and natural surroundings offer privacy, low maintenance, and abundant wildlife. Most of the land is above the floodplain, with 1.08 acres unzoned and unrestricted. An as built survey and GIS map are available. This is a once in a lifetime lakefront property with unmatched views, charm, and potential. Seller is offering $10,000 concession for carpet/appliance upgrade.