Active Listing  ·  160 days on market

3305 Close Call None

Horseshoe Bay, TX 78657
$895,000
3 Bed 4 Bath 2,853 sqft $314/sqft Built 1996 0.38 acres 3-Car Garage Pool Applehead West

Perched high on top of Florentine & Close Call, this completely reimagined residence captures protected panoramic views of Lake LBJ and the surrounding Hill Country. No expense was spared in elevating the home to 2026 standards, blending modern design with refined comfort throughout. Inside, expansive open spaces and fully renovated finishes create a relaxed, light-filled atmosphere. Wraparound outdoor living on both levels provides exceptional entertaining areas and seamless indoor-outdoor living. The main level features a spacious primary suite with a spa-inspired bath, soaking tub, and two thoughtfully designed walk-in closets. A guest suite, powder room, and the kitchen, dining, and living areas complete the level — each positioned to take full advantage of the breathtaking setting. The lower level offers an additional guest suite and an oversized family room with fireplace, opening to expansive outdoor living areas. The space is large enough to incorporate a home office or flex area if desired. New Pella windows throughout including the sliding doors in bedrooms and living areas provide direct outdoor access and maximize natural light. Located in Applehead West, the property sits adjacent to the community pool and tennis courts and is seconds from The Club at Horseshoe Bay’s Caprock Clubhouse, Apple Rock & Ram Rock golf courses, and constant-level Lake LBJ. This is a rare opportunity to own a fully modernized Hill Country retreat in one of Horseshoe Bay’s most desirable locations.

At $314/sqft, this home is 35% 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

3305 Close Call None, Horseshoe Bay, TX 78657

Property Details

Price $895,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,853 sqft
Lot Size 0.38 acres (16,552.8 sqft)
Year Built 1996
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Applehead West
County Llano
Zip Code 78657
$/sqft $314/sqft
Days on Market ,
HOA $1,098.99/Annually
Annual Tax Est. $12,233.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220493293
List Date February 25, 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
701 Indian Paint Trl
Horseshoe Bay Proper
$895,000 $311 4 bd / 4 ba 2,882 sqft , 2026-04-28
111 Florentine None
Applehead West
$899,500 $317 4 bd / 5 ba 2,834 sqft , 2026-04-05
105 Golden Eagle None
Horseshoe Bay
$899,900 $386 3 bd / 4 ba 2,334 sqft , 2025-12-17
101 Manciano Dr
Tuscan Village
$899,999 $409 3 bd / 3 ba 2,198 sqft , 2025-08-25
112 Big Sky Dr
Horseshoe Bay West
$925,000 $285 3 bd / 4 ba 3,250 sqft , 2026-03-24

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
$4,296/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
$179,000
20% conventional investment loan

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

Estimated Gross Rent+$4,296
Principal + Interest−$4,884
Property Tax (~2.1% TX avg)−$1,566
Insurance (~0.5%)−$373
Est. Monthly Cash Flow $-2,527

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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