Active Listing  ·  5 days on market

1202 Hi Stirrup None #401

Horseshoe Bay, TX 78657
$149,000
2 Bed 2 Bath 1,248 sqft $119/sqft Built 1977 0.02 acres Pool The Oaks

nvestor Opportunity in Horseshoe Bay! Tenant in place and a strong rental history over the past 5½ years, making this an attractive investment property from day one.

This top-floor corner unit at Big Spur and Hi Stirrup offers 2 bedrooms, 2 baths, plus a study with built-in shelving. The spacious primary suite features a dressing area, walk-in closet, ensuite bath, and sliding glass doors opening to a private balcony overlooking mature trees and lawn. The second bedroom also includes a walk-in closet.

Additional features include carpet and hard tile flooring, an indoor utility room, and an efficient all-electric kitchen. Enjoy the privacy and views that come with a desirable upper-level corner location.

One assigned covered carport space is included, along with ample guest parking. Conveniently located within walking distance of Slick Rock Golf Course and just minutes from Horseshoe Bay Resort amenities (membership required), as well as the community picnic and event center.

Whether you're looking to expand your investment portfolio or secure a future Hill Country getaway, this property offers location, convenience, and proven rental performance.

At $119/sqft, this home is 75% below the Horseshoe Bay active market average of $481/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1202 Hi Stirrup None #401, Horseshoe Bay, TX 78657

Property Details

Price $149,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,248 sqft
Lot Size 0.02 acres (1,054.15 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Condominium
Subdivision The Oaks
County Llano
Zip Code 78657
$/sqft $119/sqft
Days on Market ,
HOA $350/Monthly
Annual Tax Est. $2,422.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241709971
List Date July 30, 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
306 Out Yonder None #166
High Vista Condos
$170,000 $129 2 bd / 2 ba 1,321 sqft , 2026-07-17
1202 Hi Stirrup None #409
The Oaks
$119,000 $95 2 bd / 2 ba 1,248 sqft , 2026-04-24
300 Out Yonder None #167
High Vista Condos
$179,500 $155 2 bd / 2 ba 1,160 sqft , 2026-03-10
3505 Stag None
Horseshoe Bay South
$187,679 $154 3 bd / 2 ba 1,216 sqft , 2026-06-04
300 Out Yonder None #178
High Vista Condos
$189,000 $143 2 bd / 2 ba 1,321 sqft , 2025-09-21

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
$715/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
$29,800
20% conventional investment loan

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

Estimated Gross Rent+$715
Principal + Interest−$813
Property Tax (~2.1% TX avg)−$261
Insurance (~0.5%)−$62
Est. Monthly Cash Flow $-421

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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