Active Listing  ·  131 days on market

117 Lost Spur #5

Horseshoe Bay, TX 78657
$320,000
2 Bed 4 Bath 2,070 sqft $155/sqft Built 1981 0.02 acres 1-Car Garage Pool Parkridge Green

Tucked into the heart of Horseshoe Bay, this multi-level townhome offers the perfect blend of Hill Country charm, golf course living, and resort-style convenience. Located within walking distance to Slick Rock Golf Course and just minutes from Lake LBJ and Horseshoe Bay Resort amenities, this property is ideal as a full-time residence, weekend getaway, or investment opportunity.

Designed for entertaining and relaxing, the home features multiple patios and decks with peaceful treetop and fairway views. The entry level includes classic Saltillo tile, a flexible bonus room with fireplace, wet bar/kitchenette, half bath, and laundry area—perfect for guests or additional living space.

The main living level showcases an open-concept layout with updated flooring, spacious kitchen, dining area, and a cozy wood-burning fireplace. Step outside to enjoy Hill Country sunsets from the private deck. Upstairs, the primary suite offers a quiet retreat with scenic views, accompanied by a generous guest bedroom and full bath.

Additional highlights include a one-car garage with extra storage for a golf cart, lake toys, or recreational gear. Enjoy easy access to golf, dining, boating, and all the lifestyle amenities that make Horseshoe Bay one of the Hill Country’s most desirable destinations.

At $155/sqft, this home is 66% below the Horseshoe Bay active market average of $462/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

117 Lost Spur #5, Horseshoe Bay, TX 78657

Property Details

Price $320,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths 2
Living Area 2,070 sqft
Lot Size 0.02 acres (836.35 sqft)
Year Built 1981
Garage 1 spaces
Stories ,
Type Residential · Townhouse
Subdivision Parkridge Green
County Llano
Zip Code 78657
$/sqft $155/sqft
Days on Market ,
HOA $1,200/Annually
Annual Tax Est. $3,082.53
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229746454
List Date May 14, 2026
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 · May 14, 2026 $340,000
Current ask $320,000
Reduced $20,000 (-5.9%) 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
706-A Clayton Nolen Dr
Hillcrest Garden
$325,000 $145 3 bd / 3 ba 2,241 sqft , 2026-08-21
416 Hi Cir W #A
Horseshoe Bay Proper
$350,000 $218 3 bd / 2 ba 1,603 sqft , 2026-04-13
804 Hi Cir W #B
Horseshoe Bay Proper
$353,950 $172 3 bd / 3 ba 2,062 sqft , 2026-05-07
402 Hi Stirrup None #E4
Bay View Villas
$269,000 $146 3 bd / 3 ba 1,848 sqft , 2026-04-16
400 Hi There None #104
High Vista Condos
$255,000 $135 3 bd / 3 ba 1,886 sqft , 2026-03-13

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
$1,536/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
$64,000
20% conventional investment loan

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

Estimated Gross Rent+$1,536
Principal + Interest−$1,746
Property Tax (~2.1% TX avg)−$560
Insurance (~0.5%)−$133
Est. Monthly Cash Flow $-903

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 6, 2026.

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