Active Listing  ·  150 days on market

2508 Diagonal Dr

Horseshoe Bay, TX 78657
$995,000
4 Bed 4 Bath 2,781 sqft $358/sqft Built 2021 0.20 acres 2-Car Garage Pool Hidden Coves

Experience the best of Horseshoe Bay living in this exceptional custom Neiman Foster home located in the highly sought-after Hidden Coves community on a constant level Lake LBJ. Offering a deeded boat slip just steps from the front door, this home provides all the benefits of lake living without the premium waterfront taxes.

Designed with quality craftsmanship and luxury finishes throughout, the thoughtfully designed open-concept floor plan offers 2,781 square feet with 4 spacious bedrooms and 4 uniquely designed full bathrooms. The chef's kitchen is a showpiece featuring an oversized island, custom cabinetry, premium appliances, a designer vent hood, expansive walk-in pantry, and abundant prep space, all flowing seamlessly into the spacious living area with soaring ceilings, modern fireplace, and walls of windows that fill the home with natural light.

Perfect for entertaining, the home also features a stylish wet bar with a beverage refrigerator and built-in shelving. The private primary suite offers a spa-inspired retreat with dual vanities, a freestanding soaking tub, oversized walk-in shower, and generous walk-in closet. Each secondary bedroom features its own beautifully designed bathroom with distinctive custom tile and designer finishes.

The striking stone and stucco exterior is complemented by a durable metal roof, while the home's barely lived-in condition makes it truly move-in ready. Whether you're searching for a full-time residence, a lock-and-leave getaway, or an investment property with short-term rental potential, this exceptional home delivers luxury, convenience, and an unmatched Horseshoe Bay lifestyle.

Deeded boat slip conveys with the property. Vacant and easy to show.

At $358/sqft, this home is 26% 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

2508 Diagonal Dr, Horseshoe Bay, TX 78657

Property Details

Price $995,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,781 sqft
Lot Size 0.20 acres (8,712 sqft)
Year Built 2021
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hidden Coves
County Llano
Zip Code 78657
$/sqft $358/sqft
Days on Market ,
HOA $841/Annually
Annual Tax Est. $11,969.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221786517
List Date March 7, 2026
Elementary School Packsaddle
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
305 Grove Ct
Summit Rock
$995,000 $415 3 bd / 3 ba 2,395 sqft , 2026-04-24
710 Sandy Harbor Dr
Sandy Harbor
$999,000 $452 3 bd / 2 ba 2,210 sqft , 2026-03-29
104 Smugglers Cv
Horseshoe Bay West
$999,000 $316 4 bd / 3 ba 3,160 sqft , 2026-03-30
103 Stillwater None
Horseshoe Bay West
$999,999 $338 3 bd / 4 ba 2,959 sqft , 2026-02-04
304 Hi Ridge None
Horseshoe Bay
$1,000,000 $344 4 bd / 4 ba 2,904 sqft , 2025-04-28

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
$4,776/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
$199,000
20% conventional investment loan

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

Estimated Gross Rent+$4,776
Principal + Interest−$5,430
Property Tax (~2.1% TX avg)−$1,741
Insurance (~0.5%)−$415
Est. Monthly Cash Flow $-2,810

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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