Active Listing  ·  148 days on market

1001 The Cape Rd

Horseshoe Bay, TX 78657
$1,080,000
3 Bed 2 Bath 1,602 sqft $674/sqft Built 2006 1-Car Garage Pool Waterfront The Waters at Horseshoe Bay Resort

Lakefront living at The Waters at Horseshoe Bay Resort in this fully furnished 3-bedroom, 2-bath second-floor condo overlooking constant-level Lake LBJ. The open floorplan features a spacious living area and a granite-counter kitchen with breakfast bar. Large windows and French doors fill the home with natural light and lead to a private covered balcony with lake views. The primary suite offers balcony access, while two additional bedrooms provide space for guests, a home office, or additional sleeping accommodations. This lock-and-leave condo includes elevator access, covered assigned parking, and low-maintenance ownership, making it ideal as a weekend getaway, full-time residence, or short-term rental investment. Recent updates include new luxury vinyl flooring, a new A/C system and hot water heater (approximately 1 year old). Community amenities include a lakeside boardwalk, resort-style pool, outdoor kitchen and grilling areas, fishing docks, and additional storage for water gear, offering a true Lake LBJ lifestyle.

At $674/sqft, this home is priced 40% 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 Rd, Horseshoe Bay, TX 78657

Property Details

Price $1,080,000
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 at Horseshoe Bay Resort
County Llano
Zip Code 78657
$/sqft $674/sqft
Days on Market ,
HOA $725/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT220662556
List Date March 9, 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 →

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
98 Island Dr #33
The Waters
$1,150,000 $703 3 bd / 2 ba 1,637 sqft , 2026-02-04
1001 The Cape Rd #32
The Waters At Horseshoe Bay Re
$1,175,000 $733 3 bd / 2 ba 1,602 sqft , 2026-06-15
1001 The Cape None #44
The Waters (HSB)
$949,000 $592 3 bd / 2 ba 1,602 sqft , 2026-03-23
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

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
$5,184/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
$216,000
20% conventional investment loan

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

Estimated Gross Rent+$5,184
Principal + Interest−$5,894
Property Tax (~2.1% TX avg)−$1,890
Insurance (~0.5%)−$450
Est. Monthly Cash Flow $-3,050

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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