Active Listing  ·  45 days on market

305 Onyx Dr

Horseshoe Bay, TX 78657
$449,000
3 Bed 2 Bath 1,600 sqft $281/sqft Built 1981 0.50 acres 2-Car Garage Pool Horseshoe Bay West

OWNER FINANCING AVAILABLE. This home is comfortable and private located on a half acre corner lot loaded with majestic oak trees. The present lot consists of 2 regular sized lots that have been re-platted into one huge lot that protects the view. Featuring an open floorplan and one level living there are three bedrooms and two baths with space for a small home office adjacent to the dining area. Beautiful hill country views can be enjoyed from a patio off of the primary suite or a large deck off of the living room. This home has beenupdated and remodeled over the last few years. This is an excellent property for a golfing getaway, full-time living or rental income. Come and experience all that Horseshoe Bay has to offer. OWNER FINANCING AVAILABLE.

At $281/sqft, this home is 39% below the Horseshoe Bay active market average of $462/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

305 Onyx Dr, Horseshoe Bay, TX 78657

Property Details

Price $449,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,600 sqft
Lot Size 0.50 acres (21,780 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft $281/sqft
Days on Market ,
HOA $844/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242607980
List Date August 8, 2026
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.

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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
2606 Deep Cyn
Horseshoe Bay West
$419,000 $265 2 bd / 3 ba 1,581 sqft , 2026-07-22
207 Enclave Cir
The Enclave at Horseshoe Bay
$515,000 $318 3 bd / 2 ba 1,621 sqft , 2026-08-26
1406 Broken Hills Dr #14
9999 - Other
$365,000 $253 2 bd / 2 ba 1,443 sqft , 2025-06-26

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
$2,155/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
$89,800
20% conventional investment loan

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

Estimated Gross Rent+$2,155
Principal + Interest−$2,450
Property Tax (~2.1% TX avg)−$786
Insurance (~0.5%)−$187
Est. Monthly Cash Flow $-1,268

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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 August 9, 2026.

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