Active Listing  ·  11 days on market

1103 Ute Road None

Horseshoe Bay, TX 78657
$329,900
3 Bed 2 Bath 1,662 sqft $198/sqft Built 1977 0.23 acres 2-Car Garage Pool Horseshoe Bay Proper

Escape to peaceful Hill Country living in this beautifully updated 3-bedroom, 2-bathroom home complete with a flexible bonus room/office. Perfectly situated on a 0.23-acre cul-de-sac lot, this property offers the ultimate blend of modern comfort and natural beauty, featuring stunning, elevated views of Lake LBJ and the surrounding hills.

Inside, an inviting cozy stone fireplace, and abundant natural light—creating a seamless flow perfect for both entertaining and quiet relaxation. Both spacious bedrooms feature direct bathroom access for maximum privacy and convenience. Outside, the property backs to a lush, wooded area with mature trees, offering a private, nature-immersed sanctuary. Complete with a two-car carport and dedicated storage room, this home boasts excellent curb appeal and is located just minutes from Horseshoe Bay Resort, Marble Falls, and Lake LBJ boat ramps.

At $198/sqft, this home is 58% below the Horseshoe Bay active market average of $468/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1103 Ute Road None, Horseshoe Bay, TX 78657

Property Details

Price $329,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,662 sqft
Lot Size 0.23 acres (10,118.99 sqft)
Year Built 1977
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $198/sqft
Days on Market ,
HOA $361/Annually
Annual Tax Est. $4,490.71
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249277677
List Date October 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
901 Cheyenne None #C
Creekhill North
$329,000 $164 4 bd / 5 ba 2,006 sqft , 2026-06-18
117 Lost Spur #5
Parkridge Green
$320,000 $155 2 bd / 4 ba 2,070 sqft , 2026-05-14
200 Free Rein None #5
Center Court Twnh Horseshoe Bay 28011-1
$299,999 $255 2 bd / 3 ba 1,177 sqft , 2026-09-03
706-A Clayton Nolen Dr
Hillcrest Garden
$297,000 $133 3 bd / 3 ba 2,241 sqft , 2026-08-21
104 Big Spur South #13 None
Golf Villa Condos
$297,000 $243 2 bd / 2 ba 1,224 sqft , 2026-08-28

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
$1,584/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
$65,980
20% conventional investment loan

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

Estimated Gross Rent+$1,584
Principal + Interest−$1,800
Property Tax (~2.1% TX avg)−$577
Insurance (~0.5%)−$137
Est. Monthly Cash Flow $-930

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 October 18, 2026.

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