Active Listing  ·  463 days on market

304 Hi Ridge None

Horseshoe Bay, TX 78657
$1,000,000
4 Bed 4 Bath 2,904 sqft $344/sqft Built 2006 1.38 acres 2-Car Garage Pool Horseshoe Bay

Hill Country Retreat on Thanksgiving Mountain. New HVAC system.

Nestled on 1.38 acres atop scenic Thanksgiving Mountain, this beautiful home offers the perfect blend of privacy, space, and tranquil hill country living. The sale includes an adjacent lot, enhancing the sense of seclusion and room to roam.

Surrounded by mature trees, the serene setting features a stunning private pool and spa, complete with an outdoor kitchen and fireplace—creating a true backyard oasis ideal for entertaining or unwinding. Expansive balconies wrap around the home, offering panoramic views in every direction.

Inside, the open floorplan is both inviting and functional, featuring a wet bar with an ice maker and wine fridge, as well as three cozy fireplaces throughout. The home includes four spacious bedrooms and four full bathrooms, with the laundry conveniently located on the second floor. Separate guest quarters with a private entrance and sitting area ensure comfort and privacy for visitors.

A circular driveway provides ample parking, and the home is just minutes from hiking trails and the sparkling waters of Lake LBJ. Offered fully furnished, with only a few exclusions for art and personal items, this turnkey retreat is ready to enjoy.

At $344/sqft, this home is 28% 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

304 Hi Ridge None, Horseshoe Bay, TX 78657

Property Details

Price $1,000,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 2,904 sqft
Lot Size 1.38 acres (60,112.8 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay
County Burnet
Zip Code 78657
$/sqft $344/sqft
Days on Market ,
HOA $683/Annually
Annual Tax Est. $13,600.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT195869197
List Date April 28, 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
103 Stillwater None
Horseshoe Bay West
$999,999 $338 3 bd / 4 ba 2,959 sqft , 2026-02-04
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
2508 Diagonal Dr
Hidden Coves
$995,000 $358 4 bd / 4 ba 2,781 sqft , 2026-03-07
305 Grove Ct
Summit Rock
$995,000 $415 3 bd / 3 ba 2,395 sqft , 2026-04-24

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
$4,800/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
$200,000
20% conventional investment loan

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

Estimated Gross Rent+$4,800
Principal + Interest−$5,457
Property Tax (~2.1% TX avg)−$1,750
Insurance (~0.5%)−$417
Est. Monthly Cash Flow $-2,824

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

More Luxury Homes in Horseshoe Bay

Loading…
View All Luxury Homes →