Active Listing  ·  55 days on market

103 Kings Way

Horseshoe Bay, TX 78657
$420,000
3 Bed 2 Bath 1,875 sqft $224/sqft Built 2019 0.20 acres 2-Car Garage Pool Castle Terrace

Welcome to this lovely home in the desirable Castle Terrace neighborhood, where peaceful Hill Country living meets beautiful lake views. Enjoy your morning coffee or evening sunsets from the front porch overlooking Lake LBJ, a perfect spot to take in the scenery and relax.

Inside, you’ll find a bright, open living area with large windows that fill the home with natural light. The spacious kitchen offers plenty of counter space and storage, ideal for entertaining or family gatherings. A comfortable primary suite and additional bedrooms provide space for everyone to unwind.

Outside, the property offers mature trees, a private backyard, and plenty of room for outdoor fun. Conveniently located near public lake access, parks, and Marble Falls amenities, this home combines comfort, charm, and a touch of lake life—all in one great package.

Come experience the views, the location, and the relaxed Hill Country lifestyle that make Castle Terrace such a special place to call home!

At $224/sqft, this home is 53% below the Horseshoe Bay active market average of $481/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

103 Kings Way, Horseshoe Bay, TX 78657

Property Details

Price $420,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,875 sqft
Lot Size 0.20 acres (8,929.8 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Castle Terrace
County Burnet
Zip Code 78657
$/sqft $224/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235704139
List Date June 10, 2026
Elementary School Marble Falls
Middle School Marble Falls
High School Marble Falls
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
320 Twin Sails None #25
Highland Condos
$419,900 $226 3 bd / 3 ba 1,860 sqft , 2026-05-28
416 Hi Cir W #B
Horseshoe Bay Proper
$415,000 $269 2 bd / 2 ba 1,543 sqft , 2026-07-05
302 Parallel Cir
Horseshoe Bay West
$410,000 $250 2 bd / 3 ba 1,641 sqft , 2026-05-20
507 Mountain Dr
Deer Haven
$438,000 $272 3 bd / 2 ba 1,609 sqft , 2026-03-05
2606 Deep Cyn
Horseshoe Bay West
$439,000 $278 2 bd / 3 ba 1,581 sqft , 2026-07-22

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
$2,016/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
$84,000
20% conventional investment loan

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

Estimated Gross Rent+$2,016
Principal + Interest−$2,292
Property Tax (~2.1% TX avg)−$735
Insurance (~0.5%)−$175
Est. Monthly Cash Flow $-1,186

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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