Active Listing  ·  175 days on market

104 Paisano Dr

Horseshoe Bay, TX 78657
$349,900
1 Bed 1 Bath 850 sqft $412/sqft Built 2025 1.29 acres 2-Car Garage Sandy Harbor

Rare Hill Country opportunity in highly desired Sandy Harbor neighborhood offering 1.27 acres, Lake LBJ access, a high-functioning shop with living space, and barndominium building plans included for $375,000.

Located at the end of two dead-end roads, the property offers excellent privacy, no through traffic, and sunrise and sunset Hill Country views.

Existing improvements include a brand new 30’ x 40’ shop with stained concrete 450 sqft studio featuring an eat-in kitchen, separated bedroom and full bathroom with shower. The shop is designed for automotive, woodworking, or hobby use and features two 10’ roll-up doors, a built-in 20’ workbench, multiple 220V outlets, and an exterior RV plug. The shop can accommodate up to three vehicles.

Lot has been leveled and is ready to build. Barndominium plans are included featuring 4 bedrooms, 2.5 baths but buyer can build a traditional home. If the buyer chooses not to build a separate house on the property, the living area in the shop will need to be expanded to at least 850 square feet. This can be done by finishing the pre-wired loft area.

The community located on Lake LBJ with access to a private neighborhood boat ramp and five waterfront parks will not last. Call / text listing agent to confirm appointment. Lockbox code & helpful driving instructions located in showing instruction notes.

At $412/sqft, this home is 14% 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

104 Paisano Dr, Horseshoe Bay, TX 78657

Property Details

Price $349,900
Status Active Listing
Beds 1
Full Baths 1
Half Baths ,
Living Area 850 sqft
Lot Size 1.29 acres (56,192.4 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · See Remarks
Subdivision Sandy Harbor
County Llano
Zip Code 78657
$/sqft $412/sqft
Days on Market ,
HOA $270/Annually
Annual Tax Est. ,
Pool ,
Waterfront ,
New Construction ,
MLS # ACT218633647
List Date February 10, 2026
Elementary School Llano
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
103 Island Dr #1
Portofina
$375,000 $580 2 bd / 1 ba 647 sqft , 2026-05-27
103 Island Dr #2
Portofina
$375,000 $580 2 bd / 1 ba 647 sqft , 2026-05-27
1001 The Cape Rd #46
The Waters At Horseshoe Bay Re
$399,000 $526 1 bd / 1 ba 759 sqft , 2025-01-31
98 Island Dr #31
The Waters At Horseshoe Bay Re
$275,000 $337 1 bd / 1 ba 816 sqft , 2025-09-08
1000 The Cape Rd #66
The Waters At Horseshoe Bay Re
$425,000 $560 1 bd / 1 ba 759 sqft , 2025-09-24

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
$1,680/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
$69,980
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$612
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-988

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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