Active Listing  ·  144 days on market

132 Rivalto Dr

Horseshoe Bay, TX 78657
$394,500
2 Bed 2 Bath 1,501 sqft $263/sqft Built 2019 0.25 acres 2-Car Garage Pool Tuscan Village

Looking for luxury as well as quality in Horseshoe Bay at the unbelievable price of under $400K? Welcome to 132 Rivalto Drive—where relaxed Hill Country living meets effortless style. This beautifully maintained lock & leave home in the gated 55+ community of Tuscan Village offers a light, open layout designed for both everyday comfort and easy entertaining. The spacious living area flows seamlessly into the kitchen and dining space, creating a warm, connected feeling that invites you to settle in and stay awhile. The kitchen is thoughtfully appointed with ample cabinetry, generous counter space, and a layout that makes both casual mornings and hosting friends easy. The primary suite provides a peaceful retreat, complete with a nice sized bedroom and ensuite bath designed for comfort and convenience, along with access to a private courtyard outside your door with room to relax, unwind, and take in the surrounding beauty. The guest bedroom offers flexibility for guests, a home office, or hobbies. Whether you're looking for a full-time residence, weekend getaway, or investment opportunity, this property delivers the best of the Highland Lakes lifestyle, having easy access to Horseshoe Bay amenities, Lake LBJ, golf, dining, and more. With all this to offer at such an affordable price, this is one you don’t want to miss! Tuscan Village HOA amenities: Exterior Insurance, Mowing, Pool, Fitness Center (including weight room, exercise classes & water aerobics), Pickleball Courts, Dog Park, Walking Trails, Community Garden, and more!

At $263/sqft, this home is 43% 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

132 Rivalto Dr, Horseshoe Bay, TX 78657

Property Details

Price $394,500
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,501 sqft
Lot Size 0.25 acres (10,890 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Tuscan Village
County Llano
Zip Code 78657
$/sqft $263/sqft
Days on Market ,
HOA $506/Monthly
Annual Tax Est. $5,645.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228495027
List Date May 1, 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 1, 2026 $398,000
Current ask $394,500
Reduced $3,500 (-0.9%) 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
104 Springfield None
Horseshoe Bay Proper
$399,000 $200 3 bd / 2 ba 1,999 sqft , 2026-05-07
207 Enclave Cir
The Enclave at Horseshoe Bay
$515,000 $318 3 bd / 2 ba 1,621 sqft , 2026-08-26

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
$1,894/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
$78,900
20% conventional investment loan

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

Estimated Gross Rent+$1,894
Principal + Interest−$2,153
Property Tax (~2.1% TX avg)−$690
Insurance (~0.5%)−$164
Est. Monthly Cash Flow $-1,113

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 August 7, 2026.

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