Active Listing  ·  1 day on market

306 Blue Ground None

Horseshoe Bay, TX 78657
$799,000
3 Bed 3 Bath 2,853 sqft $280/sqft Built 1994 0.27 acres 2-Car Garage Pool Horseshoe Bay West

Enjoy exceptional golf course living on sought-after Blue Ground, one of Horseshoe Bay West's most desirable streets, known for mature trees, beautiful homes, and convenient access in and out of the neighborhood. Set along the 13th fairway of Ram Rock Golf Course, this inviting home enjoys 121 feet of golf course frontage, a large greenbelt for exceptional privacy, and expansive long-distance golf course views. Generous living and dining areas feature high ceilings, a stone fireplace, and expansive windows showcasing the golf course setting. The island kitchen offers granite counters, abundant cabinetry, Viking appliances, and an adjoining bar/butler's pantry with additional storage and serving space. A light-filled arched alcove provides flexible space for a conversation area or home office. The spacious primary suite features a beautifully renovated bath with dual vanities, freestanding soaking tub, oversized walk-in shower and fireplace. Both guest bedrooms feature private baths for added comfort and privacy. A light-filled sunroom offers flexible space for exercise, hobbies, or relaxing while enjoying the views. Additional features include an oversized garage, tile roof, and 2024 Carrier Infinity HVAC. Outdoor living takes full advantage of the setting with an expansive covered patio offering multiple seating and dining areas, a bar and adjoining courtyard. Mature trees and established landscaping complement the greenbelt and sweeping fairway views, creating a surprisingly private golf course setting.

At $280/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

306 Blue Ground None, Horseshoe Bay, TX 78657

Property Details

Price $799,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,853 sqft
Lot Size 0.27 acres (11,830.9 sqft)
Year Built 1994
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft $280/sqft
Days on Market ,
HOA $866.52/Annually
Annual Tax Est. $8,720.85
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT247488342
List Date September 21, 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.

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
102 Menard Ct
Pecan Creek
$799,000 $315 4 bd / 4 ba 2,538 sqft , 2026-07-10
101 Broken Hills None
Horseshoe Bay West
$779,000 $320 3 bd / 3 ba 2,432 sqft , 2026-08-13
101 Fox Fur None
Applehead West
$749,000 $294 3 bd / 4 ba 2,544 sqft , 2026-06-18
1310 Cats Eye None
HORSESHOE BAY W
$749,000 $285 3 bd / 2 ba 2,626 sqft , 2026-07-05
404 Turquoise None
Horseshoe Bay West
$849,000 $333 3 bd / 3 ba 2,546 sqft , 2026-09-11

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
$3,835/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
$159,800
20% conventional investment loan

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

Estimated Gross Rent+$3,835
Principal + Interest−$4,360
Property Tax (~2.1% TX avg)−$1,398
Insurance (~0.5%)−$333
Est. Monthly Cash Flow $-2,256

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 September 22, 2026.

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