Active Listing  ·  967 days on market

108 Third Sid None

Horseshoe Bay, TX 78657
$3,950,000
5 Bed 6 Bath 4,252 sqft $929/sqft Built 1985 0.55 acres 3-Car Garage Pool Waterfront Horseshoe Bay Proper

Nestled on over half an acre, boasting open water views, minutes from the Horseshoe Bay Resort’s core amenities: not only an idyllic retreat, it’s also an investment opportunity, suited for short-term rentals. Completely remodeled and taken down to the studs, the home provides the epitome of luxury living. Ascend a few steps to the main floor, where you'll be greeted by an open concept living, dining, and kitchen area. Anchored by a majestic stone fireplace, offering panoramic water vistas, the atmosphere is perfect for relaxation or entertainment. The kitchen is a chef's dream, featuring high-end appliances, custom cabinetry with intelligent storage, and a sprawling island ideal for culinary creations. A generous pantry, cleverly tucked into a corner, provides additional storage and convenient access to the garage via its back stairs. The main level also houses the primary suite with captivating water views, a lavish bath, and a library complete with floor-to-ceiling bookcases. Entertainment awaits downstairs on the lake level, with a game room and four additional bedrooms, each with a dedicated bath and direct access to the patio. Three of these bedrooms offer enchanting water views and all can access the boathouse with a boat and jet skis, a new pool, barbecue area, and ample space for alfresco dining. An attached garage featurs three bays and a large driveway capable of accommodating multiple vehicles. The property is selling mostly furnished with some exceptions (artwork does not convey).

At $929/sqft, this home is priced 99% above the Horseshoe Bay active market average of $468/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

108 Third Sid None , Horseshoe Bay, TX 78657

Property Details

Price $3,950,000
Status Active Listing
Beds 5
Full Baths 5
Half Baths 1
Living Area 4,252 sqft
Lot Size 0.55 acres (24,123.53 sqft)
Year Built 1985
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $929/sqft
Days on Market ,
HOA $331/Annually
Annual Tax Est. $19,346.81
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT121202693
List Date March 1, 2024
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
240 La Serena Loop
Escondido
$5,295,000 $985 5 bd / 6 ba 5,375 sqft , 2026-03-22

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
$18,960/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
$790,000
20% conventional investment loan

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

Estimated Gross Rent+$18,960
Principal + Interest−$21,557
Property Tax (~2.1% TX avg)−$6,913
Insurance (~0.5%)−$1,646
Est. Monthly Cash Flow $-11,156

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 June 17, 2024.

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