Active Listing  ·  8 days on market

101 West Bank Dr #23

Horseshoe Bay, TX 78657
$650,000
3 Bed 2 Bath 1,637 sqft $397/sqft Built 2006 1-Car Garage Pool Waterfront The Waters At Horseshoe Bay Re

Welcome to 101 West Bank, Unit 23, located in The Waters at Horseshoe Bay Resort. This spacious second-floor condominium offers 3 bedrooms, 2 full bathrooms, and approximately 1,637 square feet of single-level living with beautiful lake and water views. Convenient elevator access leads to the second floor, where the entire residence is located on one level. Inside, you’ll find wood flooring, carpeted bedrooms, granite countertops, stainless steel appliances, an electric range, microwave, and pantry. The open living areas extend to a private balcony, creating a comfortable place to relax and enjoy the surrounding views. The primary suite features its own balcony access, a spacious walk-in closet, garden tub, and separate shower. With three generously sized bedrooms, two full baths, and a functional floor plan, the home works equally well as a full-time residence or a relaxing Horseshoe Bay getaway. Located near Lake LBJ, the Horseshoe Bay Yacht Club, dining, recreation, and resort amenities, Unit 23 offers an inviting opportunity to enjoy the laid-back lake lifestyle in one of Horseshoe Bay’s most desirable settings.

At $397/sqft, this home is 15% below the Horseshoe Bay active market average of $468/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

101 West Bank Dr #23, Horseshoe Bay, TX 78657

Property Details

Price $650,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,637 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 $397/sqft
Days on Market ,
HOA $725/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT247672951
List Date October 16, 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
1000 The Cape Rd #23
The Waters At Horseshoe Bay Re
$629,999 $469 3 bd / 2 ba 1,344 sqft , 2026-03-05
101 West Bank None #33
The Waters At Horseshoe Bay Re
$689,000 $430 3 bd / 2 ba 1,602 sqft , 2026-06-30
103 Oasis St #A
Horseshoe Bay Proper
$580,000 $268 2 bd / 2 ba 2,168 sqft , 2026-02-13
1216 Hi Circle N None
Horseshoe Bay
$749,900 $341 3 bd / 2 ba 2,200 sqft , 2026-01-21
1100 The Cape Rd #803
Cape Terrace
$550,000 $482 3 bd / 3 ba 1,141 sqft , 2026-06-15

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
$3,120/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
$130,000
20% conventional investment loan

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

Estimated Gross Rent+$3,120
Principal + Interest−$3,547
Property Tax (~2.1% TX avg)−$1,138
Insurance (~0.5%)−$271
Est. Monthly Cash Flow $-1,836

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

More Luxury Homes in Horseshoe Bay

Loading…
View All Luxury Homes →
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 October 17, 2026.

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