Active Listing  ·  102 days on market

1202 Hi Stirrup None #409

Horseshoe Bay, TX 78657
$119,000
2 Bed 2 Bath 1,248 sqft $95/sqft Built 1977 0.03 acres Pool The Oaks

Fabulous opportunity to own in Horseshoe Bay! This 2-bedroom, 2-bath condo with a versatile flex room is ideally located within walking distance of the Slick Rock Clubhouse, driving range, and golf course. Enjoy easy access to Horseshoe Bay Resort amenities—just minutes away by foot, car, or golf cart. Situated in the heart of a golf cart-friendly, dark sky community, this home offers both convenience and charm.

The front office/flex space can easily serve as a guest room, adding to the home’s flexibility. Located in The Oaks HOA, with condo documents available for review.

1202 Hi Stirrup #409 features a private balcony shaded by a beautiful tree, providing natural privacy and a peaceful outdoor retreat. Best of all, there’s no yard work to worry about—the HOA covers all landscaping. The unit also includes designated covered parking conveniently located right outside the front entry.

At $95/sqft, this home is 80% 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 #409, Horseshoe Bay, TX 78657

Property Details

Price $119,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,248 sqft
Lot Size 0.03 acres (1,184.83 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Condominium
Subdivision The Oaks
County Llano
Zip Code 78657
$/sqft $95/sqft
Days on Market ,
HOA $330/Monthly
Annual Tax Est. $2,353.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT227232049
List Date April 24, 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
1202 Hi Stirrup None #401
The Oaks
$149,000 $119 2 bd / 2 ba 1,248 sqft , 2026-07-30

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
$571/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$23,800
20% conventional investment loan

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

Estimated Gross Rent+$571
Principal + Interest−$649
Property Tax (~2.1% TX avg)−$208
Insurance (~0.5%)−$50
Est. Monthly Cash Flow $-336

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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