Active Listing  ·  135 days on market

101 West Bank None #33

Horseshoe Bay, TX 78657
$689,000
3 Bed 2 Bath 1,602 sqft $430/sqft Built 2006 1-Car Garage Pool Waterfront The Waters At Horseshoe Bay Re

Set against the sparkling waters of Lake LBJ, this turn-key waterfront condo offers an effortless blend of refined interiors, resort amenities, and one of the most coveted locations in Horseshoe Bay. The north-facing balcony quickly becomes your favorite spot, whether you're watching boats drift by, enjoying your morning coffee, or winding down as the lake settles in for the evening. Inside, the beautifully updated kitchen brings a fresh, modern feel to the open living and dining spaces. Warm wood flooring, stylish furnishings, and updated bedding create a fresh, inviting atmosphere throughout. The primary suite was perfectly placed to wake up to the water every morning, complete with balcony access. Two guest bedrooms are tucked away at the front, giving everyone their own space. An elevator takes you from the garage to the third floor. Designated parking and a private owner's storage closet are found at the ground level. Step outside to lakefront courtyards with BBQ areas, take a dip in the lagoon-style pool just across the street, or wander over to the marina for boating, dining, and watersports. Whether it's a weekend escape, a full-time residence, or an investment opportunity, this is the kind of place where every visit feels like you've checked into your favorite lakeside resort. This condo is currently part of the Horseshoe Bay Resort rental pool, giving prospective buyers the opportunity to experience the property firsthand. Horseshoe Bay Resort membership is available separately for access to world-class amenities.

At $430/sqft, this home is 10% 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 West Bank None #33, Horseshoe Bay, TX 78657

Property Details

Price $689,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,602 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 $430/sqft
Days on Market ,
HOA $725/Monthly
Annual Tax Est. $9,386.79
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT238154655
List Date June 30, 2026
Elementary School Llano
Middle School Llano
High School Llano
School District Llano ISD

Llano ISD

Llano · 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 · June 30, 2026 $699,900
Current ask $689,000
▼ Reduced $10,900 (-1.6%) 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.

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 West Bank Dr #23
The Waters At Horseshoe Bay Re
$650,000 $397 3 bd / 2 ba 1,637 sqft , 2026-10-16
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 #44
The Waters
$750,000 $558 3 bd / 2 ba 1,344 sqft , 2026-10-27
82 Island Dr #8204
The Waters
$759,900 $449 3 bd / 2 ba 1,691 sqft , 2026-09-07
82 Island Dr #8202
13239 Horseshoe Bay
$819,000 $490 3 bd / 2 ba 1,672 sqft , 2026-10-11

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
$3,307/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
$137,800
20% conventional investment loan

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

Estimated Gross Rent+$3,307
Principal + Interest−$3,760
Property Tax (assumed ~2.1%)−$1,206
Insurance (assumed ~0.5%)−$287
Est. Monthly Cash Flow $-1,946

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 September 29, 2026.

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

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