Active Listing  ·  138 days on market

104 Springfield None

Horseshoe Bay, TX 78657
$399,000
3 Bed 2 Bath 1,999 sqft $200/sqft Built 2004 0.27 acres 2-Car Garage Pool Horseshoe Bay Proper

Positioned on a .27-acre homesite in the heart of Horseshoe Bay, this single-level residence offers a functional layout and convenient access to shopping and resort amenities. The main living area is filled with natural light from expansive windows, highlighting bamboo flooring, tray ceilings, and detailed crown molding. Centrally located, the island kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, handcrafted maple cabinetry and a generous pantry. From the kitchen, the home flows naturally into a casual living area at the rear with direct access to the backyard, creating an easy transition for everyday living and relaxed entertaining. On the opposite side of the kitchen, a wall separates the formal living and dining area into one expansive front room with classic wainscoting, well suited for gatherings or a more refined setting. The owner’s suite includes new carpet, crown molding, a walk-in closet, and room for a sitting area. The ensuite bath is equipped with dual vanities, tile countertops, a tiled shower and a jetted walk-in tub. Two additional guest bedrooms offer flexibility and share a well-appointed hall bath. Exterior features include a German schmear stone façade, tile roof, mature trees, lush landscaping, sprinkler system, fenced yard, pergola and a large patio with retractable awning. Well designed and thoughtfully laid out, the home offers an excellent opportunity for buyers to personalize and enhance in a desirable Horseshoe Bay setting.

At $200/sqft, this home is 57% below the Horseshoe Bay active market average of $462/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

104 Springfield None, Horseshoe Bay, TX 78657

Property Details

Price $399,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,999 sqft
Lot Size 0.27 acres (11,761.2 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $200/sqft
Days on Market ,
HOA $360.99/Annually
Annual Tax Est. $5,516
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228775162
List Date May 7, 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.

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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 · May 7, 2026 $410,000
Current ask $399,000
Reduced $11,000 (-2.7%) 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
132 Rivalto Dr
Tuscan Village
$394,500 $263 2 bd / 2 ba 1,501 sqft , 2026-05-01
603 Sun Ray None
Horseshoe Bay West
$354,750 $217 3 bd / 2 ba 1,632 sqft , 2025-12-23
804 Hi Cir W #B
Horseshoe Bay Proper
$353,950 $172 3 bd / 3 ba 2,062 sqft , 2026-05-07
416 Hi Cir W #A
Horseshoe Bay Proper
$350,000 $218 3 bd / 2 ba 1,603 sqft , 2026-04-13
611 Sun Ray None
Horseshoe Bay West
$460,000 $276 3 bd / 2 ba 1,668 sqft , 2025-09-12

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
$1,915/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
$79,800
20% conventional investment loan

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

Estimated Gross Rent+$1,915
Principal + Interest−$2,178
Property Tax (~2.1% TX avg)−$698
Insurance (~0.5%)−$166
Est. Monthly Cash Flow $-1,127

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 · 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 September 18, 2026.

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