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.

At $282/sqft, this home is 41% 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

204 Mountain Home Rd, Horseshoe Bay, TX 78657

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Property Details

Price $559,000

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 $282/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 Llano ISD

School District

Llano ISD

Llano · Llano · Llano

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.

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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 · March 11, 2026 $629,000

Previous ask $575,000

Current ask $559,000

▼ Reduced $70,000 (-11.1%) 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

316 Sweet Grass None
Horseshoe Bay West $566,000 $253 3 bd / 2 ba 2,235 sqft , 2026-07-30

515 Sun Ray None
Horseshoe Bay West $549,000 $268 3 bd / 2 ba 2,050 sqft , 2026-08-23

100 W Up There None
Horseshoe Bay West $505,000 $204 4 bd / 2 ba 2,471 sqft , 2026-05-14

340 Sun Ray None
Horseshoe Bay W $485,000 $249 3 bd / 2 ba 1,951 sqft , 2026-06-22

105-D Lachite None
Horseshoe Bay West $650,000 $289 3 bd / 4 ba 2,253 sqft , 2026-08-24

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

$2,683/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

$111,800

20% conventional investment loan

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

Estimated Gross Rent+$2,683

Principal + Interest−$3,051

Property Tax (assumed ~2.1%)−$978

Insurance (assumed ~0.5%)−$233

Est. Monthly Cash Flow $-1,579

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

About the Author

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 October 28, 2026.

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

204 Mountain Home Rd

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Horseshoe Bay, TX

More Luxury Homes in Horseshoe Bay

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