Active Listing  ·  134 days on market

1001 The Cape None #44

Horseshoe Bay, TX 78657
$949,000
3 Bed 2 Bath 1,602 sqft $592/sqft Built 2006 1-Car Garage Pool Waterfront The Waters (HSB)

Waterfront living at its best! Enjoy what is widely regarded as some of the best east-facing open water views in Horseshoe Bay. 1001The Cape #44 offers an effortless blend of lakefront living and refined comfort. This inviting residence captures sweeping views of Lake LBJ, with large windows and inviting outdoor spaces designed to take full advantage of the picturesque setting. Inside, you’ll find an open-concept layout filled with natural light, where the living, dining, and kitchen areas flow seamlessly—perfect for entertaining or simply relaxing after a day on the water. Thoughtful finishes and tasteful updates create a warm, comfortable feel throughout. The spacious bedrooms provide a private retreat for family and guests alike, while the primary suite offers a peaceful escape with tranquil lake views. Whether you’re looking for a full-time residence or a lock-and-leave getaway, this property delivers low-maintenance living without sacrificing style or location. Just moments from Horseshoe Bay Resort amenities (membership required), dining, and golf, this is an exceptional opportunity to experience the very best of the lake lifestyle.

*This home is being sold fully furnished.

At $592/sqft, this home is priced 23% 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

1001 The Cape None #44, Horseshoe Bay, TX 78657

Property Details

Price $949,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,602 sqft
Lot Size ,
Year Built 2006
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision The Waters (HSB)
County Llano
Zip Code 78657
$/sqft $592/sqft
Days on Market ,
HOA $725/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT222948927
List Date March 23, 2026
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 23, 2026 $989,000
Current ask $949,000
Reduced $40,000 (-4.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
103 Via Roma Ct
Tuscan Vlg Horseshoe Bay
$949,000 $485 3 bd / 3 ba 1,958 sqft , 2026-02-20
1101 The Cape Rd #2
Horseshoe Bay
$875,000 $709 2 bd / 3 ba 1,234 sqft , 2026-06-13
82 Island Dr #8202
13239 Horseshoe Bay
$850,000 $508 3 bd / 2 ba 1,672 sqft , 2025-10-10
1001 The Cape Rd
The Waters at Horseshoe Bay Resort
$1,080,000 $674 3 bd / 2 ba 1,602 sqft , 2026-03-09
98 Island Dr #34
The Waters At Horseshoe Bay Re
$799,000 $594 3 bd / 2 ba 1,344 sqft , 2026-05-17

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
$4,555/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
$189,800
20% conventional investment loan

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

Estimated Gross Rent+$4,555
Principal + Interest−$5,179
Property Tax (~2.1% TX avg)−$1,661
Insurance (~0.5%)−$395
Est. Monthly Cash Flow $-2,680

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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