A classic Canyon Lake home + MORE! Step inside and you'll quickly see this property isn't just one home, it's THREE. 3 doors, 3 stories, 3 ways to live the lake life while *building income* along the way. The main residence sets the stage Renovated in 2024, it's open and bright, with a kitchen that begs for family breakfasts and a stone fireplace living room perfect for long evenings after a day at the lake. Downstairs, a finished basement offers space for a game room, office, or extra guests flexibility built right in. Just a few steps away, the detached guest house tells a different story: private, completely remodeled, and ready to welcome long term tenants or vacation guests. With its own fenced yard and covered parking, it feels like its own little retreat. And then?! There's the upstairs apartment a cozy one bedroom with its own entrance, storage, and character. Ideal for guests who want their own perch or renters who love being part of a lively lake community. Out back, a shaded, fenced yard brings everyone together room to host BBQs, add a hot tub, or simply relax under the Hill Country sky. And when the lake calls? Boat Ramp 7 is just around the corner. Even with lower water levels, neighbors here know how to make the most of lake life and this home puts you right in the middle of it. This is more than a property. It's a place where you can live, host, and invest all at once a family compound, a rental dream, or a mix of both. At 1201 Oblate Dr, Canyon Lake, the story is yours to write. Specs: Main Residence ~ 2,500 SF + 400 SF finished basement (gameroom, bedroom, office what will you make it?). Renovated in 2024 with a bright, open kitchen, large pantry, and a massive family room with stone fireplace. Includes 3 beds, 2 baths, enclosed patio, and new roof. Detached Guest House ~1,136 SF. Completely remodeled 2 bedroom, 1 bath unit with its own entrance, fenced yard and covered parking. Private and ideal for long term rental or Airbnb. Upstairs Apartment ~ 900 SF. 1 bedroom, 1 bath with its own entrance, ample storage, and rental ready condition. Outside of all the indoor living opportunity, you'll have a huge, shaded, fenced backyard to allow for common space AND private entertainment! And?! Beyond the property itself, take advantage of lake life with CL's most favorite boat ramps and yes, water is down but come check out how residents are still living their best life at boat ramp 7!