Active Listing  ·  648 days on market

101 W Bank None #27

Horseshoe Bay, TX 78657
$229,000
1 Bed 1 Bath 759 sqft $302/sqft Built 2006 1-Car Garage Pool Waterfront The Waters At Horseshoe Bay Re

Exceptional Value at Waters of Horseshoe Bay!! Looking for a prime investment opportunity or a second home getaway? This competitively priced one-bedroom condo at Waters of Horseshoe Bay is a rare find. Nestled in the heart of the resort and just steps away from the Yacht Club, this condo offers ultimate convenience, with easy access to the lake and all the amenities the Resort has to offer. The Waters community offers a beautiful brand new owner's pool conveniently located at nearby Waters Lakeside. This is the perfect opportunity for investors or anyone looking for a charming lakeside retreat. Short term rentals are welcome at The Waters making this condo even more attractive! Horseshoe Bay Resort is located on constant level Lake LBJ and is a private members-only club. The Resort offers golf, swimming, boating, tennis, pickleball ,fitness, wellness, dining and much more. Please inquire with Membership for details. Seller is LREA

At $302/sqft, this home is 37% below the Horseshoe Bay active market average of $477/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 W Bank None #27, Horseshoe Bay, TX 78657

Property Details

Price $229,000
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 $302/sqft
Days on Market ,
HOA $725/Monthly
Annual Tax Est. $4,088.34
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT177090102
List Date February 2, 2025
Elementary School Packsaddle
Middle School Llano
High School Llano
School District Llano ISD

Llano ISD

Packsaddle · Llano · Llano

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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · February 2, 2025 $299,000
Previous ask $265,000
Current ask $229,000
▼ Reduced $70,000 (-23.4%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
$1,099/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
$45,800
20% conventional investment loan

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

Estimated Gross Rent+$1,099
Principal + Interest−$1,250
Property Tax (assumed ~2.1%)−$401
Insurance (assumed ~0.5%)−$95
Est. Monthly Cash Flow $-647

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 · 41 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. The written content was last updated on October 19, 2026.

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

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