Active Listing  ·  52 days on market

1101 The Cape Rd #2

Horseshoe Bay, TX 78657
$875,000
2 Bed 3 Bath 1,234 sqft $709/sqft Built 1981 0.02 acres 1-Car Garage Pool Waterfront Horseshoe Bay

Luxury waterfront living on The Cape, one of Horseshoe Bay's most exclusive gated waterfront communities, ideally located next door to the Yacht Club and just moments from premier resort amenities, dining, golf, and marina activities. Completely remodeled from top to bottom, this stunning Lake LBJ waterfront residence offers a rare opportunity to purchase a truly turnkey lake property where everything has already been done for you. Simply bring your bathing suit and start enjoying the lake lifestyle. Goodbye 1981 - this residence has been thoughtfully transformed with high-end finishes and timeless design throughout. The beautiful interior features white oak flooring, premium natural quartzite countertops, a built-in Sub-Zero refrigerator, Verona Italian-designed appliances, modern floating bathroom vanities, and a premium Miele washer and dryer. Designed for effortless entertaining and lake living, the spacious floor plan comfortably accommodates family and guests while maximizing comfort and functionality. Step outside to the large private deck overlooking Lake LBJ, the perfect setting for morning coffee, sunset cocktails, or hosting friends and family. Complete with a built-in gas grill and beautiful lake views, the outdoor living space seamlessly extends the home's entertaining capabilities. Offered fully furnished with stylish furnishings and decor, this residence is ready for immediate enjoyment from day one. The sale also includes an assigned covered parking space, assigned covered deeded boat slip, multiple storage areas, furnishings, and even the boat, creating one of the most complete waterfront packages currently available on Lake LBJ. This property also provides a front-row seat to The Club's renowned fourth of July fireworks celebration. Whether you're searching for a full-time residence, weekend getaway, or lock-and-leave waterfront retreat, this move-in-ready property delivers luxury, convenience, and the ultimate Lake LBJ lifestyle.

At $709/sqft, this home is priced 47% 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

1101 The Cape Rd #2, Horseshoe Bay, TX 78657

Property Details

Price $875,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 1
Living Area 1,234 sqft
Lot Size 0.02 acres (688.25 sqft)
Year Built 1981
Garage 1 spaces
Stories ,
Type Residential · Townhouse
Subdivision Horseshoe Bay
County Llano
Zip Code 78657
$/sqft $709/sqft
Days on Market ,
HOA $1,601.6/Quarterly
Annual Tax Est. $8,022.15
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT236215160
List Date June 13, 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
1001 The Cape None #44
The Waters (HSB)
$949,000 $592 3 bd / 2 ba 1,602 sqft , 2026-03-23
98 Island Dr #34
The Waters At Horseshoe Bay Re
$799,000 $594 3 bd / 2 ba 1,344 sqft , 2026-05-17
101 West Bank None #33
The Waters At Horseshoe Bay Re
$699,900 $437 3 bd / 2 ba 1,602 sqft , 2026-06-30
1001 The Cape Rd
The Waters at Horseshoe Bay Resort
$1,080,000 $674 3 bd / 2 ba 1,602 sqft , 2026-03-09
509 Short Circuit None #203
Horseshoe Bay Proper
$629,000 $545 3 bd / 2 ba 1,154 sqft , 2026-08-03

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
$4,200/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
$175,000
20% conventional investment loan

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

Estimated Gross Rent+$4,200
Principal + Interest−$4,775
Property Tax (~2.1% TX avg)−$1,531
Insurance (~0.5%)−$365
Est. Monthly Cash Flow $-2,471

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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