About This Home

This beautiful waterfront home with short term rental opportunity was renovated in 2021 by Artisan Creative Homes. Andersen windows, custom double iron doors, interior doors were replaced, wood-like porcelain tile installed in common areas. Primary bath has heated floors, heated towel rack and custom carpet in all bedrooms. Kitchen has double ovens, drawer microwave, warming drawer, under cabinet lighting, wine refrigerator and oversized icemaker. Two new hydraulic Basta PWC lifts and an addition hydraulic lift for kayak/canoes. There is a dedicated office plus an addition room can be used as a fourth bedroom. Control 4 audio/home control system and Philips Hue lighting.

At $728/sqft, this home is priced 58% above the Horseshoe Bay active market average of $462/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

3012 Driftwood Ln, Horseshoe Bay, TX 78657

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Property Details

Price $2,299,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths 1

Living Area 3,158 sqft

Lot Size 0.31 acres (13,311.94 sqft)

Year Built 2002

Garage 3 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Horseshoe Bay West

County Llano

Zip Code 78657

$/sqft $728/sqft

Days on Market ,

HOA $843.74/Annually

Annual Tax Est. $20,970.91

Pool Yes

Waterfront Yes

New Construction ,

MLS # ACT220977480

List Date March 1, 2026

Elementary School Packsaddle

Middle School Llano

High School Llano

School District ,

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 1, 2026 $2,399,000

Current ask $2,299,000

▼ Reduced $100,000 (-4.2%) 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

450 Pecan Creek Dr
Oak Ridge Estates $1,899,999 $721 4 bd / 3 ba 2,636 sqft , 2026-01-26

109 Island Ct
Applehead Island $1,849,000 $508 4 bd / 5 ba 3,637 sqft , 2024-10-11

113 Wennmohs Pl
Horseshoe Bay West $2,775,000 $862 4 bd / 4 ba 3,218 sqft , 2026-07-30

212 Florentine None
Applehead West $1,595,000 $429 4 bd / 4 ba 3,716 sqft , 2026-02-26

101 Diamond Hl
Applehead West $1,550,000 $412 3 bd / 4 ba 3,761 sqft , 2026-09-18

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

$11,035/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

$459,800

20% conventional investment loan

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

Estimated Gross Rent+$11,035

Principal + Interest−$12,547

Property Tax (~2.1% TX avg)−$4,023

Insurance (~0.5%)−$958

Est. Monthly Cash Flow $-6,493

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 · 30 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. This page was last updated on September 21, 2026.

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

3012 Driftwood Ln