Active Listing  ·  550 days on market

1001 The Cape Rd #46

Horseshoe Bay, TX 78657
$399,000
1 Bed 1 Bath 759 sqft $526/sqft Built 2006 1-Car Garage Pool Waterfront The Waters At Horseshoe Bay Re

Huge price reduction! You will not find a nicer one-bedroom condo at the Waters than this fully and professionally updated property!Gorgeous lake views!! Enjoy a peaceful getaway on Lake LBJ! This furnished waterfront condo recently underwent a stunning metamorphosis, emerging as a breathtaking sanctuary. Every inch of its interior was meticulously redesigned and reinvented, leaving no trace of its former self. The sleek lines of the new hardwood floors guide you through the open concept living space, where natural light dances through the windows. Enjoy a kitchen which is bright and cheery with gleaming quartz countertops and state-of-the-art appliances. The master bath offers a beautiful curb-less walk in shower and double sinks. Enjoy lake views in both directions on your private balcony overlooking the shimmering waterfront. This completely transformed waterfront condo is not just a perfect home for full time or second home living, it is also an ideal investment property! The condo has been previewed for the Resort Rental program and should easily qualify with a few minor additions. Selling furnished with the exception of a few items and artwork, the condo is move in ready. List of furnishings and renovations available.

At $526/sqft, this home is priced 9% 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 #46, Horseshoe Bay, TX 78657

Property Details

Price $399,000
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 759 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 $526/sqft
Days on Market ,
HOA $725/Monthly
Annual Tax Est. $5,885.5
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT176984228
List Date January 31, 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
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
1000 The Cape Rd #66
The Waters At Horseshoe Bay Re
$425,000 $560 1 bd / 1 ba 759 sqft , 2025-09-24
104 Paisano Dr
Sandy Harbor
$349,900 $412 1 bd / 1 ba 850 sqft , 2026-02-10
1100 The Cape None #602
Cape Terrace
$450,000 $538 2 bd / 2 ba 837 sqft , 2026-04-15

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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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