Active Listing  ·  36 days on market

1321 Prospect Cir

Horseshoe Bay, TX 78657
$599,500
3 Bed 2 Bath 2,103 sqft $285/sqft Built 2026 0.24 acres 2-Car Garage Pool New Construction Horseshoe Bay Proper

Horseshoe Bay Spectacular MOVE-IN READY New Build Custom Home at the incredible price of $599,950. Come tour this Hill Country Modern Farmhouse featuring stunning views of Packsaddle Mountain and Lake LBJ. Thoughtful, 1-level 2103 sf design with attention to detail & craftmanship throughout the home. The covered front porch is so welcoming & perfect for enjoying morning coffee or refreshing beverages at sunset to relax and enjoy the views and hill country breezes. You'll love the beamed, high ceilings, floor to ceiling stone fireplace in living room, Greenworld oak hardwood flooring, hand-troweled wall texture. The chef's kitchen serves as a culinary haven featuring quartz countertops, white shaker cabinets with brass hardware, stylish backsplash, a kitchen island perfect for entertaining , and breakfast bar ideal for casual. dining. The hi-end 36" range oven and custom range hood add to the appeal. The living room is anchored by a limestone fireplace, creating a warm, inviting atmosphere for relaxation and conversation. The master bedroom suite offers a refreshing space, complete with a double size walk-in shower and bench, a double vanity w/quartz countertop, and enormous master closet. The property also boasts an oversized, fully insulated two car garage with architectural windows, 3 bedrooms, 2 baths and a home office with french doors, true architectural style and gorgeous views from the picture window. This remarkable home, built by Vandivier Homes offers a rare opportunity to embrace a modern hill country lifestyle, just minutes from Horseshoe Bay Resort amenities such as dining, golf, boating, lake , nature trails, parks and exploring wineries nearby and shopping in historic Marble Falls. This home, located in Llano County is idel for those desiring an easy care brand new home in the Scenic City of Horseshoe Bay , yet still close to Austin or San Antonio. Low POA fees & low property tax rates add to the affordability of this beautiful property.

At $285/sqft, this home is 38% 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

1321 Prospect Cir, Horseshoe Bay, TX 78657

Property Details

Price $599,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,103 sqft
Lot Size 0.24 acres (10,454.4 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $285/sqft
Days on Market ,
HOA $361/Annually
Annual Tax Est. $299.77
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT243708197
List Date August 17, 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.

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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 · August 17, 2026 $599,950
Current ask $599,500
Reduced $450 (-0.1%) 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
413 Silver Spur
Horseshoe Bay Proper
$599,900 $249 3 bd / 3 ba 2,407 sqft , 2026-06-11
2900 Hi Mesa None
Horseshoe Bay Proper
$499,995 $259 4 bd / 3 ba 1,931 sqft , 2026-03-26
1399 Hi Cir S
Horseshoe Bay Proper
$699,990 $270 3 bd / 3 ba 2,592 sqft , 2026-07-01
310 Dogie Dr #A
Bay Hill Deck
$475,000 $233 3 bd / 3 ba 2,036 sqft , 2026-05-29
104 Springfield None
Horseshoe Bay Proper
$399,000 $200 3 bd / 2 ba 1,999 sqft , 2026-05-07

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
$2,878/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
$119,900
20% conventional investment loan

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

Estimated Gross Rent+$2,878
Principal + Interest−$3,272
Property Tax (~2.1% TX avg)−$1,049
Insurance (~0.5%)−$250
Est. Monthly Cash Flow $-1,693

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 September 19, 2026.

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