Active Listing  ·  50 days on market

1100 The Cape Rd #803

Horseshoe Bay, TX 78657
$575,000
3 Bed 3 Bath 1,141 sqft $504/sqft Built 1986 0.02 acres Pool Waterfront Cape Terrace

Experience premier waterfront living at **1100 The Cape #803**, a well appointed 3-bedroom, 2-bath condo on Lake LBJ in Horseshoe Bay, Texas. Offering 1,141 square feet of thoughtfully designed living space, this lakefront residence combines comfort, convenience, and exceptional views within a gated waterfront community.

The open-concept floor plan is filled with natural light and seamlessly connects the kitchen, dining, and living areas—perfect for entertaining or relaxing after a day on the water.

A rare opportunity in Horseshoe Bay, this property is **short-term rental friendly**, making it an attractive option for investors, vacation homeowners, or full-time residents seeking flexibility and income potential. Day docks and dedicated parking adds everyday convenience, while the location places you within walking distance of the Horseshoe Bay Yacht Club, waterfront dining, resort pool, and Horseshoe Bay Resort Spa (membership required).

Located within the highly sought-after Cape community on Lake LBJ, residents enjoy easy access to boating, fishing, swimming, and breathtaking Texas Hill Country sunsets. Whether you're searching for a Lake LBJ waterfront condo, a weekend retreat, or a turnkey investment property, this residence delivers the best of the Horseshoe Bay lifestyle.

At $504/sqft, this home is priced 5% above the Horseshoe Bay active market average of $481/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1100 The Cape Rd #803, Horseshoe Bay, TX 78657

Property Details

Price $575,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,141 sqft
Lot Size 0.02 acres (749.23 sqft)
Year Built 1986
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Cape Terrace
County Llano
Zip Code 78657
$/sqft $504/sqft
Days on Market ,
HOA $630/Quarterly
Annual Tax Est. $7,878.02
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT235962880
List Date June 15, 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.

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
509 Short Circuit None #203
Horseshoe Bay Proper
$629,000 $545 3 bd / 2 ba 1,154 sqft , 2026-08-03
405 Taylor Dr
Channel Oaks II
$495,000 $350 3 bd / 2 ba 1,416 sqft , 2026-02-23
1000 The Cape #65 Rd #65
The Waters At Horseshoe Bay
$490,000 $420 2 bd / 2 ba 1,166 sqft , 2025-08-12
1100 The Cape None #602
Cape Terrace
$450,000 $538 2 bd / 2 ba 837 sqft , 2026-04-15
132 Rivalto Dr
Tuscan Village
$398,000 $265 2 bd / 2 ba 1,501 sqft , 2026-05-01

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
$2,760/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
$115,000
20% conventional investment loan

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

Estimated Gross Rent+$2,760
Principal + Interest−$3,138
Property Tax (~2.1% TX avg)−$1,006
Insurance (~0.5%)−$240
Est. Monthly Cash Flow $-1,624

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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