Active Listing  ·  4 days on market

101 Diamond Hl

Horseshoe Bay, TX 78657
$1,550,000
3 Bed 4 Bath 3,761 sqft $412/sqft Built 2004 1.59 acres 2-Car Garage Pool Applehead West

A Diamond on Diamond Hill! Set on a beautifully landscaped half-acre homesite with two adjacent lots included—creating more than 1.5 acres total—this exceptional home offers space, privacy and an enviable location in the coveted Applehead community of Horseshoe Bay. Just across the street, Cap Rock is home to the renowned Apple Rock and Ram Rock golf courses, along with fabulous dining, a resort-style pool and burger bar, all available with membership.

With approximately 3,760 square feet, the home is designed for comfortable living and effortless entertaining. The main level offers multiple living areas, a dedicated dining space and a spacious island kitchen with gas cooking, opening to a dramatic living room with soaring wood cathedral ceiling and floor-to-ceiling gas fireplace. Step outside to the fully screened and covered patio with remote-controlled screens, overlooking the heated pool and attached spa surrounded by mature trees and gorgeous landscaping. Retractable awnings along the west side provide additional shade, while wrought-iron fencing surrounds both the pool and backyard.

The main-level primary suite enjoys private patio access, remote-controlled Hunter Douglas shades and a generous bath with corner soaking tub, separate vanities, walk-in shower and an impressive walk-in closet. A private office, large laundry room and oversized garage complete the first floor. Upstairs, a welcoming landing leads to two spacious guest suites, each with its own private bath.

Thoughtful features continue throughout the property, including multiple gas amenities such as the range, fireplace, tankless water heater, heated pool and spa, and outdoor kitchen. Applehead residents also enjoy their own private homeowners’ park with a swimming pool and multiple tennis courts.

With over 1.5 acres, beautiful outdoor living, pool and spa, neighborhood amenities and Horseshoe Bay’s premier golf lifestyle just across the street, this truly is a Diamond on Diamond Hill.

At $412/sqft, this home is 11% below the Horseshoe Bay active market average of $462/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 Diamond Hl, Horseshoe Bay, TX 78657

Property Details

Price $1,550,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 3,761 sqft
Lot Size 1.59 acres (69,260.4 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Applehead West
County Llano
Zip Code 78657
$/sqft $412/sqft
Days on Market ,
HOA $3,295.98/Annually
Annual Tax Est. $8,835.04
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247155848
List Date September 18, 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
101 Silver Way None
Horseshoe Bay West
$1,549,000 $440 4 bd / 5 ba 3,517 sqft , 2026-07-24
143 Westgate Loop
Westgate Estates
$1,530,000 $375 4 bd / 4 ba 4,079 sqft , 2026-07-10
1317 Cats Eye None
Horseshoe Bay West
$1,575,000 $431 4 bd / 5 ba 3,656 sqft , 2026-08-07
212 Florentine None
Applehead West
$1,595,000 $429 4 bd / 4 ba 3,716 sqft , 2026-02-26
102 Still Water None
Applehead West
$1,490,000 $475 3 bd / 4 ba 3,135 sqft , 2026-08-05

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
$7,440/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
$310,000
20% conventional investment loan

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

Estimated Gross Rent+$7,440
Principal + Interest−$8,459
Property Tax (~2.1% TX avg)−$2,713
Insurance (~0.5%)−$646
Est. Monthly Cash Flow $-4,378

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 19, 2026.

📞 (254) 718-2567 [email protected] More about Luke →