Active Listing  ·  481 days on market

210 Circle Dr

Horseshoe Bay, TX 78657
$549,000
3 Bed 2 Bath 2,518 sqft $218/sqft Built 1983 0.21 acres 2-Car Garage Pool Channel Oaks

PRICE REDUCED! Spectacular Lake Marble Falls views from this fully updated, turnkey log cabin in Horseshoe Bay — all furnishings included!Hand-built in 1983 and extensively renovated by the current owners (2021–2026), this charming 2,518 sq ft cabin on two lots (0.37 acres) is ready for immediate enjoyment or income. Major updates include a custom kitchen with quartz counters and stainless appliances, fully remodeled baths, refinished hardwood floors throughout, new standing-seam metal roof (2022), new HVAC system, and fresh 2026 improvements to the large downstairs bonus room (new luxury vinyl plank flooring, refinished ceiling, LED lighting, ceiling fan, and water heater).Enjoy extraordinary views of Lake Marble Falls, the 281 Bridge, and Marble Falls from the living areas and large north-facing covered balcony. The spacious bonus room offers flexible sleeping for guests or family. Detached 2-car garage provides excellent storage. Community boat launch nearby. Just minutes to Marble Falls shopping, dining, and entertainment. Proven short-term rental performer. Perfect as a personal Hill Country vacation home or investment property. This cabin has everything — just bring your bags and start making memories (or money). $5,000 buyer concessions offered at closing. Don’t miss this opportunity!

At $218/sqft, this home is 55% 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

210 Circle Dr, Horseshoe Bay, TX 78657

Property Details

Price $549,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,518 sqft
Lot Size 0.21 acres (9,095.33 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Channel Oaks
County Burnet
Zip Code 78657
$/sqft $218/sqft
Days on Market ,
HOA $120/Annually
Annual Tax Est. $5,869
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT192975025
List Date April 10, 2025
Elementary School Marble Falls
Middle School Marble Falls
High School Marble Falls
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
206 Blue Ground None
Horseshoe Bay West
$549,900 $208 3 bd / 2 ba 2,644 sqft , 2025-12-08
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
$2,635/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
$109,800
20% conventional investment loan

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

Estimated Gross Rent+$2,635
Principal + Interest−$2,996
Property Tax (~2.1% TX avg)−$961
Insurance (~0.5%)−$229
Est. Monthly Cash Flow $-1,551

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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