Active Listing  ·  54 days on market

105 Star None #5

Horseshoe Bay, TX 78657
$268,900
2 Bed 3 Bath 1,156 sqft $233/sqft Built 1978 0.03 acres Pool The Upper Deck

Tucked away in the heart of Horseshoe Bay, this beautifully updated 2-bedroom, 2.5-bath townhouse offers the perfect blend of comfort, convenience, and Hill Country living. Located in a quiet cul-de-sac just minutes from Lake LBJ, Horseshoe Bay Resort, and Slick Rock Golf Course, this property is ideal as a full-time residence, weekend getaway, or investment opportunity. Inside, you’ll find an inviting living area with a cozy wood-burning fireplace that flows seamlessly into the kitchen and dining space. Upstairs features dual primary suites, including one with private balcony access showcasing stunning Hill Country views, while the rear deck overlooks peaceful green space. Recent improvements include updated interior paint, lighting, ceiling fans, LTV flooring, bathroom upgrades, electrical enhancements, refreshed decking, and major system updates including the roof and HVAC. Additional highlights include a covered carport, low HOA fees, and access to Quail Point amenities.

At $233/sqft, this home is 52% 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

105 Star None #5, Horseshoe Bay, TX 78657

Property Details

Price $268,900
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,156 sqft
Lot Size 0.03 acres (1,089 sqft)
Year Built 1978
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision The Upper Deck
County Llano
Zip Code 78657
$/sqft $233/sqft
Days on Market ,
HOA $1,560.99/Annually
Annual Tax Est. $2,283.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232582713
List Date June 11, 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
101 W Bank None #27
The Waters At Horseshoe Bay Re
$265,000 $349 1 bd / 1 ba 759 sqft , 2025-02-02
98 Island Dr #31
The Waters At Horseshoe Bay Re
$275,000 $337 1 bd / 1 ba 816 sqft , 2025-09-08
1001 The Cape Rd #16
The Waters At Horseshoe Bay Re
$260,000 $343 1 bd / 1 ba 759 sqft , 2026-02-03
1209 Hi Stirrup None #113
Timberridge
$239,900 $164 3 bd / 3 ba 1,465 sqft , 2026-03-17
110 Big Spur S #2
Golf Villa Condos
$235,000 $192 2 bd / 2 ba 1,224 sqft , 2026-04-20

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
$1,291/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
$53,780
20% conventional investment loan

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

Estimated Gross Rent+$1,291
Principal + Interest−$1,467
Property Tax (~2.1% TX avg)−$471
Insurance (~0.5%)−$112
Est. Monthly Cash Flow $-759

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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