Active Listing  ·  304 days on market

106 Gemstone None

Horseshoe Bay, TX 78657
$652,000
3 Bed 2 Bath 2,102 sqft $310/sqft Built 2018 0.07 acres 2-Car Garage Pool Palm West Applehead Villas P

Unwind in this thoughtfully crafted single-story residence set in the sought after Applehead West neighborhood. The flowing floor plan centers around the kitchen, dining, and open concept living spaces, creating an inviting environment for gatherings. The generous living room showcases rich hardwood flooring, vaulted ceilings, and a stone fireplace from floor to ceiling. The kitchen is designed for effortless cooking, appointed with granite countertops, custom cabinetry, a breakfast bar, pantry, and stainless steel appliances. The primary suite is enhanced by expansive windows that fill the space with natural light, hardwood floors, and plenty of space for relaxing. The primary bath offers dual vanities, granite surfaces, an oversized walk-in closet, a soaking tub, and a beautifully tiled shower. Two comfortable guest bedrooms each have convenient access to a full guest bath for added privacy. Additional amenities include a well-sized laundry room, spacious covered patio, two car garage, tile roof, and stone exterior. Nestled at the end of a cul-de-sac, this home is just a short walk to the Applehead West community pool, tennis courts and Pickleball court.

At $310/sqft, this home is 33% 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

106 Gemstone None, Horseshoe Bay, TX 78657

Property Details

Price $652,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,102 sqft
Lot Size 0.07 acres (3,136.32 sqft)
Year Built 2018
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision Palm West Applehead Villas P
County Llano
Zip Code 78657
$/sqft $310/sqft
Days on Market ,
HOA $330/Monthly
Annual Tax Est. $9,972.42
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT212648305
List Date November 22, 2025
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
824 Sun Ray None
Horseshoe Bay West
$689,000 $282 4 bd / 3 ba 2,441 sqft , 2026-04-13
401 Lake Point Dr
Oak Ridge Estates
$699,000 $423 3 bd / 2 ba 1,652 sqft , 2026-05-09
316 Sweet Grass None
Horseshoe Bay West
$579,000 $259 3 bd / 2 ba 2,235 sqft , 2026-07-30
402 Lost Echo None #4
Lost Echo Bay
$725,000 $338 3 bd / 4 ba 2,146 sqft , 2026-03-09
105-D Lachite None
Horseshoe Bay West
$725,000 $322 3 bd / 4 ba 2,253 sqft , 2026-08-24

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
$3,130/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
$130,400
20% conventional investment loan

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

Estimated Gross Rent+$3,130
Principal + Interest−$3,558
Property Tax (~2.1% TX avg)−$1,141
Insurance (~0.5%)−$272
Est. Monthly Cash Flow $-1,841

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 November 23, 2025.

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