Active Listing  ·  178 days on market

310 The Hills Rd

Horseshoe Bay, TX 78657
$1,898,000
4 Bed 4 Bath 4,000 sqft $475/sqft Built 2001 7.17 acres 3-Car Garage Pool The Hills

PRICE REDUCTION!!! LOCATION AND VIEW-Beautiful custom-built Home with one of the finest views in all the Hill Country on over 7 acres. This 7.17 acres of pristine Hill Country heaven in beautiful Horseshoe Bay, Texas, is located only 2 Miles from Lake LBJ! Views that stretch as far as the eye can see. Expansive pasture with rolling hills, large live oak trees, native grass, and a stock pond. A fully custom home built by one of the region’s pre-eminent builders, and a location just minutes away from Horseshoe Bay’s treasured amenities. This Glenn Salem custom home has 3 bedrooms and 3 bathrooms in the main part of the house. It also boasts a formal dining room, dedicated office with custom built-ins, and a large bonus room as well as a 3+car garage - all single level, no stairs. The casita with its own separate entrance is nestled under the main level. A large enclosed storage area is also tucked into the lower level. Enjoy the serenity of country living with the convenience of being mere minutes from the amenities of Horseshoe Bay Resort which include four golf courses that are just 5 minutes away (membership required), Lake LBJ and local attractions. This exceptional property is a must see for those seeking elegance, privacy and ranch-style charm. Unlike other land in this region, this property doesn’t have rock issues. The home and property have been meticulously maintained by the original owners. Property is currently Ag Exempt. The Listing agent and owner of the property is a licensed Texas Real Estate Agent.

At $475/sqft, this home is priced 3% 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

310 The Hills Rd, Horseshoe Bay, TX 78657

Property Details

Price $1,898,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 4,000 sqft
Lot Size 7.17 acres (312,325.2 sqft)
Year Built 2001
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision The Hills
County Llano
Zip Code 78657
$/sqft $475/sqft
Days on Market ,
HOA $325/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224273982
List Date March 29, 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 →

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 29, 2026 $1,998,000
Current ask $1,898,000
Reduced $100,000 (-5.0%) 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
409 Turquoise None
Horseshoe Bay West
$1,650,000 $415 4 bd / 5 ba 3,972 sqft , 2026-05-21
212 Florentine None
Applehead West
$1,595,000 $429 4 bd / 4 ba 3,716 sqft , 2026-02-26
1317 Cats Eye None
Horseshoe Bay West
$1,575,000 $431 4 bd / 5 ba 3,656 sqft , 2026-08-07
101 Diamond Hl
Applehead West
$1,550,000 $412 3 bd / 4 ba 3,761 sqft , 2026-09-18
101 Silver Way None
Horseshoe Bay West
$1,549,000 $440 4 bd / 5 ba 3,517 sqft , 2026-07-24

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
$9,110/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
$379,600
20% conventional investment loan

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

Estimated Gross Rent+$9,110
Principal + Interest−$10,358
Property Tax (~2.1% TX avg)−$3,322
Insurance (~0.5%)−$791
Est. Monthly Cash Flow $-5,361

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 29, 2026.

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