Active Listing  ·  314 days on market

1000 The Cape Rd #66

Horseshoe Bay, TX 78657
$425,000
1 Bed 1 Bath 759 sqft $560/sqft Built 2006 Pool Waterfront The Waters At Horseshoe Bay Re

Experience elevated lakefront living in this top-floor, one-bedroom penthouse at the exclusive Waters at Horseshoe Bay. From its prime corner perch, the residence captures stunning northeast-facing views of Lake LBJ and the Yacht Club, enjoyed from a private balcony accessible from both the living room and bedroom. Inside, the thoughtfully designed layout combines efficiency with elegance, featuring a well-appointed kitchen with breakfast bar that flows seamlessly into the dining area and living space. Sold partially furnished, this penthouse is ready for your personal touch and lakeside memories. Perfectly situated just steps from resort-style amenities, including a lagoon-style pool, cabanas, and lakeside BBQ areas. Across the street, the private Horseshoe Bay Yacht Club, marina, and resort amenities await (membership required), completing the ideal setting for a refined yet relaxed lakeside lifestyle.

At $560/sqft, this home is priced 16% above the Horseshoe Bay active market average of $481/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1000 The Cape Rd #66, Horseshoe Bay, TX 78657

Property Details

Price $425,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 759 sqft
Lot Size ,
Year Built 2006
Garage ,
Stories ,
Type Residential · Condominium
Subdivision The Waters At Horseshoe Bay Re
County Llano
Zip Code 78657
$/sqft $560/sqft
Days on Market ,
HOA $715/Monthly
Annual Tax Est. $3,802.98
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT207657563
List Date September 24, 2025
Elementary School Packsaddle
Middle School Llano
High School Llano
School District ,

Luke Allen (TREC #788149) has deep knowledge of Horseshoe Bay and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Horseshoe Bay

Comparable Listings Right Now

Homes currently for sale in Horseshoe Bay with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1100 The Cape None #602
Cape Terrace
$450,000 $538 2 bd / 2 ba 837 sqft , 2026-04-15
1001 The Cape Rd #46
The Waters At Horseshoe Bay Re
$399,000 $526 1 bd / 1 ba 759 sqft , 2025-01-31
103 Island Dr #1
Portofina
$375,000 $580 2 bd / 1 ba 647 sqft , 2026-05-27
103 Island Dr #2
Portofina
$375,000 $580 2 bd / 1 ba 647 sqft , 2026-05-27
104 Paisano Dr
Sandy Harbor
$349,900 $412 1 bd / 1 ba 850 sqft , 2026-02-10

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,040/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$85,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,040
Principal + Interest−$2,319
Property Tax (~2.1% TX avg)−$744
Insurance (~0.5%)−$177
Est. Monthly Cash Flow $-1,200

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Horseshoe Bay, TX

Horseshoe Bay sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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