Active Listing  ·  486 days on market

207 N Hi Circle N St N #105 A&B

Horseshoe Bay, TX 78657
$229,000
2 Bed 2 Bath 1,588 sqft $144/sqft Built 1979 0.02 acres 1-Car Garage Pool Las Encinas

Fabulous HSB location close to the hotel, marina and restaurants! Originally built as a split level, this condo is now 2 separate units each with a large bedroom, full kitchen, living room, bath, and private patio. Both units have a full array of appliances including refrigerators, stoves, dishwashers, microwaves and washer/ dryers. Upper unit has vaulted ceiling, cozy fireplace and loft space. One car garage can be assigned to either unit and additional assigned parking space is available. Lower unit also has a small exterior courtyard. New electrical panels and paint in both units and lower unit has new lighting, floors, kitchen counters, the bathroom vanity and plumbing fixtures. Lower unit may include furnishings if desired.. Perfect investment opportunity to rent both or rent one unit and use the other yourself or for guests

At $144/sqft, this home is 70% 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

207 N Hi Circle N St N #105 A&B, Horseshoe Bay, TX 78657

Property Details

Price $229,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,588 sqft
Lot Size 0.02 acres (892.98 sqft)
Year Built 1979
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Las Encinas
County Llano
Zip Code 78657
$/sqft $144/sqft
Days on Market ,
HOA $450/Monthly
Annual Tax Est. $3,086.35
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT191983196
List Date April 5, 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
110 Big Spur S #2
Golf Villa Condos
$235,000 $192 2 bd / 2 ba 1,224 sqft , 2026-04-20
1209 Hi Stirrup None #113
Timberridge
$239,900 $164 3 bd / 3 ba 1,465 sqft , 2026-03-17
400 Hi There None #104
High Vista Condos
$260,000 $138 3 bd / 3 ba 1,886 sqft , 2026-03-13
105 Star None #5
The Upper Deck
$268,900 $233 2 bd / 3 ba 1,156 sqft , 2026-06-11
300 Out Yonder None #178
High Vista Condos
$189,000 $143 2 bd / 2 ba 1,321 sqft , 2025-09-21

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
$1,099/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
$45,800
20% conventional investment loan

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

Estimated Gross Rent+$1,099
Principal + Interest−$1,250
Property Tax (~2.1% TX avg)−$401
Insurance (~0.5%)−$95
Est. Monthly Cash Flow $-647

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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