About This Home

This is a DIAMOND Furnished Unit Just bring Your Toothbrush since May 2025 there has been numerous Updates TV's replaced, All Bed mattress's replaced, a lot of furniture and furnishings updated Some being Tommy Bahama furnishings,MasterCloset along with other Storage area redone by California Closets. You won't want to miss this Unit. Building 4 is considered by Many as the best Buiding in the area.Also note unlike most the Condos there this Building Structure is Concrete as opposed to some sort of framing SHORT TERM RENTAL ALLOWED

At $893/sqft, this home is priced 86% 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 #33, Horseshoe Bay, TX 78657

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Property Details

Price $1,299,950

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,455 sqft

Lot Size 4.17 acres (181,457.89 sqft)

Year Built 2006

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision The Waters At Horseshoe Bay Re

County Llano

Zip Code 78657

$/sqft $893/sqft

Days on Market ,

HOA $698/Monthly

Annual Tax Est. $11,449.87

Pool Yes

Waterfront Yes

New Construction ,

MLS # ACT219498443

List Date February 23, 2026

Elementary School Llano

Middle School Llano

High School Llano

School District ,

Have Questions About This Property?

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

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

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 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

$6,240/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

$259,990

20% conventional investment loan

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

Estimated Gross Rent+$6,240

Principal + Interest−$7,094

Property Tax (~2.1% TX avg)−$2,275

Insurance (~0.5%)−$542

Est. Monthly Cash Flow $-3,671

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

1001 The Cape Rd #33

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Horseshoe Bay, TX

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