Active Listing  ·  239 days on market

206 Blue Ground None

Horseshoe Bay, TX 78657
$549,900
3 Bed 2 Bath 2,644 sqft $208/sqft Built 1981 0.26 acres 2-Car Garage Pool Horseshoe Bay West

This stunning Neo-Spanish Revival home is nestled among majestic oak trees, showcasing timeless architectural details such as masonry stucco, a brick driveway, and standing seam metal roof. Through the impressive wooden double doors, you’re welcomed into a serene courtyard with a fountain, setting the tone for the home’s warm, Old World charm. Inside, French doors and windows fill the space with natural light, highlighting the vaulted ceilings and brick fireplace that anchor the main living area. The updated kitchen features handcrafted Talavera tile accents and a breakfast bar, while the dining area opens to a spacious screened porch, ideal for enjoying Hill Country breezes year-round.

The primary suite offers a cozy fireplace, vaulted ceiling, and an en suite bath adorned with vibrant Talavera tile. A private study and fenced backyard complete the peaceful setting, providing the perfect blend of style, comfort, and privacy.

At $208/sqft, this home is 57% 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

206 Blue Ground None, Horseshoe Bay, TX 78657

Property Details

Price $549,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,644 sqft
Lot Size 0.26 acres (11,369.16 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft $208/sqft
Days on Market ,
HOA $843.74/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT209871635
List Date December 8, 2025
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.

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
210 Circle Dr
Channel Oaks
$549,000 $218 3 bd / 2 ba 2,518 sqft , 2025-04-10
100 W Up There None
Horseshoe Bay West
$554,000 $224 4 bd / 2 ba 2,471 sqft , 2026-05-14
313 Lagoon Loop
Deer Haven
$540,000 $226 3 bd / 2 ba 2,393 sqft , 2026-07-20
1713 Whitetail RD None
Horseshoe Bay South
$539,000 $294 3 bd / 2 ba 1,831 sqft , 2026-07-17
634 Broken Hills Dr
Horseshoe Bay West
$535,000 $193 3 bd / 4 ba 2,775 sqft , 2026-03-05

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
$2,640/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
$109,980
20% conventional investment loan

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

Estimated Gross Rent+$2,640
Principal + Interest−$3,001
Property Tax (~2.1% TX avg)−$962
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,552

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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