Active Listing  ·  711 days on market

109 Island Ct

Horseshoe Bay, TX 78657
$1,849,000
4 Bed 5 Bath 3,637 sqft $508/sqft Built 2024 0.29 acres 3-Car Garage Pool New Construction Applehead Island

BEAUTIFUL. CUSTOM NEW CONSTRUCTION. EXCLUSIVE LOCATION. Included in the Villas of Applehead, this just completed modern transitional custom home by Crescent Estates Custom Homes exemplifies not only flexibility but luxury living at its finest. Built within the 24-hour guarded gated community of Applehead Island, you have access to the pickleball courts, tennis court, world class pool complete with entertaining facilities—without the outdoor maintenance of being on the water. The moment you open the oversized metal and glass front door you are greeted with white oak wide plank wood floors, a floor to ceiling fireplace adorned in porcelain tile, stylish contemporary lighting and amazing stone and tile work. There is a huge island adorned in a solid white quartz with room for 8 guests, to of the line Wolf and SubZero stainless appliances and a stunning glass walled wine room visible to all the living and dining areas. The large kitchen also has a catering kitchen for use and storage that is not out in the entertaining areas. Don’t miss the laundry room complete with a designated dog wash area. The rooms in this single story masterpiece are very large and flow effortlessly. Living/dining/ entertainment-lounge area/ study or den or work out room off the pool and courtyard. The large sliding glass doors off of the living room are perfect for incorporating the inside and outside for entertaining or just relaxing. There’s even a putting green! The courtyard is within the yard that can be fenced for containing your pets and other outdoor living. The primary bedroom is truly a suite with access to the courtyard and pool and the primary bathroom is a must see! Come take a look today!

At $508/sqft, this home is priced 10% above the Horseshoe Bay active market average of $462/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

109 Island Ct, Horseshoe Bay, TX 78657

Property Details

Price $1,849,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,637 sqft
Lot Size 0.29 acres (12,811 sqft)
Year Built 2024
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Applehead Island
County Llano
Zip Code 78657
$/sqft $508/sqft
Days on Market ,
HOA $5,125/Annually
Annual Tax Est. $163.57
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT124377727
List Date October 11, 2024
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.

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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 · October 11, 2024 $1,995,000
Previous ask $1,749,000
Current ask $1,849,000
Reduced $146,000 (-7.3%) 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
450 Pecan Creek Dr
Oak Ridge Estates
$1,899,999 $721 4 bd / 3 ba 2,636 sqft , 2026-01-26
212 Florentine None
Applehead West
$1,595,000 $429 4 bd / 4 ba 3,716 sqft , 2026-02-26
101 Diamond Hl
Applehead West
$1,550,000 $412 3 bd / 4 ba 3,761 sqft , 2026-09-18
102 Still Water None
Applehead West
$1,490,000 $475 3 bd / 4 ba 3,135 sqft , 2026-08-05
3012 Driftwood Ln
Horseshoe Bay West
$2,299,000 $728 4 bd / 4 ba 3,158 sqft , 2026-03-01

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
$8,875/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
$369,800
20% conventional investment loan

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

Estimated Gross Rent+$8,875
Principal + Interest−$10,091
Property Tax (~2.1% TX avg)−$3,236
Insurance (~0.5%)−$770
Est. Monthly Cash Flow $-5,222

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 14, 2026.

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