Active Listing  ·  105 days on market

316 Sweet Grass None

Horseshoe Bay, TX 78657
$566,000
3 Bed 2 Bath 2,235 sqft $253/sqft Built 2026 0.23 acres 2-Car Garage Pool New Construction Horseshoe Bay West

Brand-new construction in Horseshoe Bay West offering approximately 2,235 square feet, a spacious single-level design, and a peaceful setting near the end of a quiet cul-de-sac. This 3-bedroom, 2-bath home combines modern finishes with a thoughtfully designed split-bedroom floor plan that provides privacy between the primary and guest bedrooms. The open-concept living area is centered around an impressive stone wood-burning fireplace, with luxury vinyl plank flooring flowing throughout the main living spaces. The spacious kitchen brings style and function together with quartz countertops, a breakfast bar, stainless steel appliances, and plenty of space for gathering and entertaining.

The private primary suite offers a comfortable retreat with a walk-in shower, double vanity, and separate his-and-her walk-in closets for exceptional storage. The guest bath also includes double vanities, providing added convenience for family and guests.

Outdoor living adds even more appeal, with a welcoming front porch for morning coffee and a covered back patio for relaxing or entertaining. Tucked near the end of a quiet cul-de-sac in Horseshoe Bay West, you can enjoy a peaceful Hill Country setting while still being just minutes from the heart of Horseshoe Bay.

With brand-new construction, generous living space, a desirable split floor plan, and a quiet location, this home offers the opportunity to be the very first to call it home.

At $253/sqft, this home is 47% below the Horseshoe Bay active market average of $477/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

316 Sweet Grass None, Horseshoe Bay, TX 78657

Property Details

Price $566,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,235 sqft
Lot Size 0.23 acres (10,023.16 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft $253/sqft
Days on Market ,
HOA $866.52/Annually
Annual Tax Est. $4,541.29
Pool Yes
Waterfront ,
New Construction Yes
MLS # ACT241363271
List Date July 30, 2026
Elementary School Packsaddle
Middle School Llano
High School Llano
School District Llano ISD

Llano ISD

Packsaddle · Llano · Llano

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 · July 30, 2026 $589,000
Previous ask $579,000
Current ask $566,000
▼ Reduced $23,000 (-3.9%) 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
204 Mountain Home Rd
Horseshoe Bay West
$559,000 $282 3 bd / 2 ba 1,979 sqft , 2026-03-11
515 Sun Ray None
Horseshoe Bay West
$549,000 $268 3 bd / 2 ba 2,050 sqft , 2026-08-23
100 W Up There None
Horseshoe Bay West
$505,000 $204 4 bd / 2 ba 2,471 sqft , 2026-05-14
340 Sun Ray None
Horseshoe Bay W
$485,000 $249 3 bd / 2 ba 1,951 sqft , 2026-06-22
105-D Lachite None
Horseshoe Bay West
$650,000 $289 3 bd / 4 ba 2,253 sqft , 2026-08-24

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
$2,717/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
$113,200
20% conventional investment loan

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

Estimated Gross Rent+$2,717
Principal + Interest−$3,089
Property Tax (assumed ~2.1%)−$991
Insurance (assumed ~0.5%)−$236
Est. Monthly Cash Flow $-1,599

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 · 41 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. The written content was last updated on November 6, 2026.

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

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