Active Listing  ·  240 days on market

450 Pecan Creek Dr

Horseshoe Bay, TX 78657
$1,899,999
4 Bed 3 Bath 2,636 sqft $721/sqft Built 1986 0.25 acres 1-Car Garage Pool Waterfront Oak Ridge Estates

Waterfront living on Pecan Creek, which feeds directly into Lake LBJ, at its finest! This completely renovated 4-bedroom, 3-bath home is ideally situated in the heart of Horseshoe Bay, offering effortless lake access and exceptional outdoor living. The flat, beautifully landscaped backyard extends to halfway (approximately 60 feet) of waterfront into the body of water and leads directly to a newly installed dual boat dock, making lake days and entertaining a breeze. Since the home is cleverly situated on Pecan Creek, there are no Lake LBJ waterfront taxes for 50' of water frontage property. A recently installed outdoor kitchen and shower complete the amazing backyard! Inside, enjoy a fresh, modern interior featuring hardwood and tile flooring throughout, a thoughtfully redesigned floor plan, and recently replaced appliances. Low utility costs are an added bonus thanks to new, energy-efficient windows, providing comfort and efficiency year-round. Every detail has been updated to combine style, comfort, and functionality—perfect as a primary residence, weekend retreat, or investment opportunity on Lake LBJ.

Buyer to verify. Information deemed reliable, but not guaranteed.

*The zoned Elementary school is Llano Elementary, which the children must ride a bus. If the children are driven to school, they have the option to attend Packsaddle Elementary in Kingsland.*

At $721/sqft, this home is priced 56% 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

450 Pecan Creek Dr, Horseshoe Bay, TX 78657

Property Details

Price $1,899,999
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,636 sqft
Lot Size 0.25 acres (10,802.88 sqft)
Year Built 1986
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Oak Ridge Estates
County Llano
Zip Code 78657
$/sqft $721/sqft
Days on Market ,
HOA $30/Annually
Annual Tax Est. $7,616.37
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT217165240
List Date January 26, 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.

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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 · January 26, 2026 $1,995,000
Previous ask $1,925,000
Current ask $1,899,999
Reduced $95,001 (-4.8%) 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
3012 Driftwood Ln
Horseshoe Bay West
$2,299,000 $728 4 bd / 4 ba 3,158 sqft , 2026-03-01
614 Pecan Creek Dr
Oak Ridge Estates
$1,350,000 $544 4 bd / 3 ba 2,480 sqft , 2026-05-08

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
$9,120/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
$380,000
20% conventional investment loan

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

Estimated Gross Rent+$9,120
Principal + Interest−$10,369
Property Tax (~2.1% TX avg)−$3,325
Insurance (~0.5%)−$792
Est. Monthly Cash Flow $-5,366

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 15, 2026.

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