About This Home

Nestled on a quiet cul-de-sac in scenic Horseshoe Bay West, this custom three bed, two bath home's indoor and outdoor spaces are designed around spectacular views of Lake LBJ and PackSaddle Mountain. A home for those who want to feel connected to the outdoors. Nine foot ceilings and bespoke design elements envelope the contemporary comfort of this unique property. Also, both adjacent lots are available separately for a total of three-quarters (approx.) acres of potential elbow room, which is a rarity in HSB West.

See brief virtual tour video. Additional photos coming soon.

At $291/sqft, this home is 40% 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

204 Mountain Home Rd, Horseshoe Bay, TX 78657

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Property Details

Price $575,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,979 sqft

Lot Size 0.23 acres (10,018.8 sqft)

Year Built 2017

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Horseshoe Bay West

County Llano

Zip Code 78657

$/sqft $291/sqft

Days on Market ,

HOA $830/Annually

Annual Tax Est. $3,400

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT222213519

List Date March 11, 2026

Elementary School Llano

Middle School Llano

High School Llano

School District ,

Have Questions About This Property?

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

103 Oasis St #A
Horseshoe Bay Proper $595,000 $274 2 bd / 2 ba 2,168 sqft , 2026-02-13

100 W Up There None
Horseshoe Bay West $554,000 $224 4 bd / 2 ba 2,471 sqft , 2026-05-14

134 Lucia Ct
Tuscan Village at Summit Rock $599,000 $275 2 bd / 3 ba 2,177 sqft , 2026-08-03

413 Silver Spur
Horseshoe Bay Proper $599,900 $249 3 bd / 3 ba 2,407 sqft , 2026-06-11

206 Blue Ground None
Horseshoe Bay West $549,900 $208 3 bd / 2 ba 2,644 sqft , 2025-12-08

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

$2,760/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

$115,000

20% conventional investment loan

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

Estimated Gross Rent+$2,760

Principal + Interest−$3,138

Property Tax (~2.1% TX avg)−$1,006

Insurance (~0.5%)−$240

Est. Monthly Cash Flow $-1,624

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

204 Mountain Home Rd

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Horseshoe Bay, TX

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