Active Listing  ·  50 days on market

1001 The Cape Rd #32

Horseshoe Bay, TX 78657
$1,175,000
3 Bed 2 Bath 1,602 sqft $733/sqft Built 2006 1-Car Garage Pool Waterfront The Waters At Horseshoe Bay Re

Waterfront Condo! Waterfront Views Perfect for the Winter Texans. Join the Resort Membership, and get access to the resort’s amenities including yacht club, golf courses, marina, tennis courts, spa, and six restaurants. Enjoy easy access to boating, fishing, swimming, restaurants, shopping, & more! LOCATION Doesn't get much better than this with East Rising Sunset Views as Well as Sunsets over the water from the Relaxing private balcony that overlooks the Lake LBJ W/ luxury finish out. Horseshoe Bay Resort is one of the most popular premier resort destinations in Texas and demand for vacation rentals is high. Highly sought after building Right next the Yacht Club in The Waters at Horseshoe Bay Resort. Amenities, including a tropical pool & barbecue area. A Upgraded and Stunning Unit with updated kitchen with new Taj Mahal Quartzite counters, New Convection Microwave, Crown Molding and designer paint thru out and So Much More.

At $733/sqft, this home is priced 52% 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 #32, Horseshoe Bay, TX 78657

Property Details

Price $1,175,000
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 Re
County Llano
Zip Code 78657
$/sqft $733/sqft
Days on Market ,
HOA $798/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT236307978
List Date June 15, 2026
Elementary School Llano
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
The Waters at Horseshoe Bay Resort
$1,080,000 $674 3 bd / 2 ba 1,602 sqft , 2026-03-09
1001 The Cape Rd #33
The Waters At Horseshoe Bay Re
$1,299,950 $893 3 bd / 2 ba 1,455 sqft , 2026-02-23
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

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
$5,640/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
$235,000
20% conventional investment loan

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

Estimated Gross Rent+$5,640
Principal + Interest−$6,412
Property Tax (~2.1% TX avg)−$2,056
Insurance (~0.5%)−$490
Est. Monthly Cash Flow $-3,318

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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