Active Listing  ·  14 days on market

1215 Hi Stirrup None #119

Horseshoe Bay, TX 78657
$226,000
3 Bed 3 Bath 1,768 sqft $128/sqft Built 1974 Pool TIMBER RIDGE CONDO

Fully Renovated Golf-Course Condo in the Heart of Horseshoe Bay

This beautifully renovated condo is a rare turnkey property on the Slick Rock Golf Course in Horseshoe Bay. Thoughtful upgrades are found throughout, including new flooring, fresh paint, renovated bathrooms, a remodeled kitchen, new appliances, updated plumbing, and updated HVAC. Natural light fills the main living area, where a cozy fireplace creates an inviting place to relax after a day on the course or at the lake.

The first floor is designed for easy living, kitchen, living, fireplace, dining and a spacious primary suite, full bath, with a flexible enclosed garage space. Use it as a home gym, sewing or hobby room, secure indoor storage, or, with additional build-out, a potential extra suite. The second level includes a second primary-style suite, a third bedroom, and a loft that could become a reading nook, home office, or piano space.

The location is steps from the Slick Rock clubhouse, with Horseshoe Bay Resort amenities reachable by golf cart, and Bay View Grocery less than two miles away. A pharmacy, bank, and park are conveniently located in the other direction.

Suitable as a polished first home, a lock-and-leave Hill Country retreat, a rental investment, or a downsizing option, this condo combines upgrades, flexibility, and the Horseshoe Bay lifestyle of your dreams.

At $128/sqft, this home is 73% below the Horseshoe Bay active market average of $477/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1215 Hi Stirrup None #119, Horseshoe Bay, TX 78657

Property Details

Price $226,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,768 sqft
Lot Size ,
Year Built 1974
Garage ,
Stories ,
Type Residential · Condominium
Subdivision TIMBER RIDGE CONDO
County Llano
Zip Code 78657
$/sqft $128/sqft
Days on Market ,
HOA $700/Quarterly
Annual Tax Est. $2,302
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT251249384
List Date October 29, 2026
Elementary School Packsaddle
Middle School Llano
High School Llano
School District Llano ISD

Llano ISD

Packsaddle · Llano · Llano

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
207 N Hi Circle N St N #105 A&B
Las Encinas
$229,000 $144 2 bd / 2 ba 1,588 sqft , 2025-04-05
105 Star None #5
The Upper Deck
$239,000 $207 2 bd / 3 ba 1,156 sqft , 2026-06-11
402 Hi Stirrup None #E4
Bay View Villas
$249,900 $135 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
123 Lost Spur None #5
#18 CONDOS
$195,000 $166 2 bd / 2 ba 1,173 sqft , 2026-10-29

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
$1,085/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
$45,200
20% conventional investment loan

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

Estimated Gross Rent+$1,085
Principal + Interest−$1,233
Property Tax (assumed ~2.1%)−$396
Insurance (assumed ~0.5%)−$94
Est. Monthly Cash Flow $-638

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 · 41 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. The written content was last updated on November 3, 2026.

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

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