Canyon Lake resort to be redeveloped into condominium community

“I think it will be a really cool gathering place for the community,” Wait said.

Digging deeper

The property will help create investment opportunities by providing a “cost-effective” way for individuals to purchase or lease, Wait said. There will be units starting at $99,000, which will give buyers the opportunity to renovate and personalize their condo. There will also be units starting at $149,000 that will feature newly renovated interiors, the release states.

“Most of the Airbnb investment is more in the $500,000 to $1 million range,” Wait said.

Limestone Landing will also help boost tourism in the area by giving more people the ability to stay in the area, Wait added.

"Limestone Landing offers buyers an attainable opportunity to own in Canyon Lake while providing the flexibility to enjoy the property as a primary residence, weekend retreat or investment,” Wait said in the release. “With demand continuing to grow across the Texas Hill Country, we believe buyers are looking for a community that combines lifestyle, value and long-term investment potential.”

One more thing

Limestone Landing’s on-site sales center and model residence will open in early August, according to the release.