Active Listing  ·  363 days on market

1311 Clayton Nolen Dr

Horseshoe Bay, TX 78657
$1,195,000
3 Bed 3 Bath 2,714 sqft $440/sqft Built 1993 0.68 acres 2-Car Garage Pool Horseshoe Bay Proper

Rare aviation lifestyle property adjacent to the gated Horseshoe Bay Jet Center. This 0.68-acre lot includes a remodeled 2-story home, detached guest casita, and a 2,700+ sq ft aircraft hangar with direct taxiway access to the private 6,000-ft lighted runway.

Main home offers 2,714 sq ft, 3 beds, 2.5 baths, updated kitchen w/ tile counters & stainless steel appliances, open living/dining areas, and spacious primary suite w/ private balcony and Hill Country + Lake LBJ views. Space available to add an elevator.

Detached 544 sq ft guest casita includes 1 bed, 1 bath, kitchenette, and office/flex space.

Hangar features 50 ft. manual bypass door, oversized automatic RV door, epoxy floors, and ample space for aircraft, boats, RVs, or storage. Additional helipad area for a helicopter or secondary aircraft parking.

Located near golf, lake, and resort amenities in Horseshoe Bay. Ideal for aviation enthusiasts, second-home owners, or live/work setups.

At $440/sqft, this home is 9% 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

1311 Clayton Nolen Dr, Horseshoe Bay, TX 78657

Property Details

Price $1,195,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,714 sqft
Lot Size 0.68 acres (29,577.24 sqft)
Year Built 1993
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $440/sqft
Days on Market ,
HOA $300/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT203984899
List Date August 6, 2025
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.

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
5900 W Fm 2147 None #106
Horseshoe Bay N
$1,198,000 $467 4 bd / 4 ba 2,568 sqft , 2026-03-02
121 Azalea Loop
The Reserve At Summit Rock/Golden Bear
$1,199,000 $357 3 bd / 4 ba 3,362 sqft , 2026-03-20
2900 Bay West Blvd
Applehead West
$1,199,000 $424 3 bd / 3 ba 2,831 sqft , 2026-05-24
3504 Bay West Blvd
Applehead West
$1,234,000 $437 3 bd / 4 ba 2,822 sqft , 2026-03-12
124 Apache Tears Dr
Horseshoe Bay West
$1,234,500 $371 4 bd / 5 ba 3,326 sqft , 2026-04-13

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
$5,736/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
$239,000
20% conventional investment loan

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

Estimated Gross Rent+$5,736
Principal + Interest−$6,522
Property Tax (~2.1% TX avg)−$2,091
Insurance (~0.5%)−$498
Est. Monthly Cash Flow $-3,375

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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