Active Listing  ·  210 days on market

402 Hi Stirrup None #E4

Horseshoe Bay, TX 78657
$249,900
3 Bed 3 Bath 1,848 sqft $135/sqft Built 1982 0.04 acres Pool Bay View Villas

Nice, remodeled condo in Horseshoe Bay in Bay View Villas, perfect for second home, investment or full time residence. Short Term Rentals are allowed. This 3 Bedroom, 2.5 Bath unit has a detached golf cart garage and two designated parking spots. The large open living - dining combo highlights a gorgeous stacked ledger stone fireplace with beautiful custom wood mantel. Lots on natural light through large sliding doors which go out to deck overlooking the hill country and Lake LBJ. Downstairs are two large bedrooms which have access to walkout patios and each include ensuite bathrooms with large walk-in closets. Main level offers another bedroom (or study). Other features include beautiful wood laminate floors, granite countertops in kitchen and baths, stainless steel appliances and wine rack/bar space. Mostly furnished, clean and move-in ready! Low tax rate and HOA dues include water, trash, sewer and exterior maintenance. Parking lot was recently resurfaced.

At $135/sqft, this home is 72% 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

402 Hi Stirrup None #E4, Horseshoe Bay, TX 78657

Property Details

Price $249,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,848 sqft
Lot Size 0.04 acres (1,738.04 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Bay View Villas
County Llano
Zip Code 78657
$/sqft $135/sqft
Days on Market ,
HOA $400/Monthly
Annual Tax Est. $3,248.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT226505728
List Date April 16, 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 · April 16, 2026 $269,000
Current ask $249,900
▼ Reduced $19,100 (-7.1%) 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
400 Hi There None #104
High Vista Condos
$255,000 $135 3 bd / 3 ba 1,886 sqft , 2026-03-13
207 N Hi Circle N St N #105 A&B
Las Encinas
$229,000 $144 2 bd / 2 ba 1,588 sqft , 2025-04-05
1215 Hi Stirrup None #119
TIMBER RIDGE CONDO
$226,000 $128 3 bd / 3 ba 1,768 sqft , 2026-10-29
706-A Clayton Nolen Dr
Hillcrest Garden
$297,000 $133 3 bd / 3 ba 2,241 sqft , 2026-08-21
117 Lost Spur #5
Parkridge Green
$320,000 $155 2 bd / 4 ba 2,070 sqft , 2026-05-14

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
$1,200/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
$49,980
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (assumed ~2.1%)−$437
Insurance (assumed ~0.5%)−$104
Est. Monthly Cash Flow $-705

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 October 1, 2026.

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

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