Active Listing  ·  39 days on market

509 Short Circuit None #203

Horseshoe Bay, TX 78657
$609,000
3 Bed 2 Bath 1,154 sqft $528/sqft Built 1982 Pool Waterfront Horseshoe Bay Proper

MOTIVATED SELLER!!! Villas Del Lago, this fully furnished, move-in-ready WATERFRONT condo offers a relaxing retreat where life feels just a little slower. Imagine starting your morning with a cup of coffee on the balcony, surrounded by peaceful views ofLake LBJ and the gentle sound of the waterfall flowing into the pool below. Step inside to a refreshed space with beautiful vinyl flooring, fresh paint, tastefully remodeled bathrooms and high-end Bosch appliances that make your life even more enjoyable. Entertaining is a breeze with open living space, new energy efficient windows and large slider door to the balcony creates the perfect place to unwind with friends or simply sit back and enjoy the beauty of the lake. With 2 spacious bedrooms, 2 remodeled bathrooms and a large loft to use asa 3rd bedroom/flex room The Villas Del Lago is your dream getaway! AND...you are just steps away from the lake to Boat, fish or swim-Whether this becomes your full-time residence, private weekend retreat or investment property, the low-maintenance lifestyle means more time enjoying everything you came to the lake for. Villas Del Lago offers: Covered parking, day boat slips, a personal watercraft ramp and a beautiful pool with waterfall, making days on the water effortless. Horseshoe Bay Resort is just a short walk or golf-cart ride away, with golf, tennis, pickleball, marina activities, dining and year-round events. (Membership is required at Horseshoe Bay Resort club) LAKE LIFE AT IT'S FINEST!

At $528/sqft, this home is priced 14% 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

509 Short Circuit None #203, Horseshoe Bay, TX 78657

Property Details

Price $609,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,154 sqft
Lot Size ,
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $528/sqft
Days on Market ,
HOA $355/Annually
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT243604973
List Date August 15, 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 · August 15, 2026 $625,900
Current ask $609,000
Reduced $16,900 (-2.7%) 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
1000 The Cape Rd #23
The Waters At Horseshoe Bay Re
$629,999 $469 3 bd / 2 ba 1,344 sqft , 2026-03-05
1100 The Cape Rd #803
Cape Terrace
$550,000 $482 3 bd / 3 ba 1,141 sqft , 2026-06-15
98 Island Dr #34
The Waters At Horseshoe Bay Re
$799,000 $594 3 bd / 2 ba 1,344 sqft , 2026-05-17

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
$2,923/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
$121,800
20% conventional investment loan

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

Estimated Gross Rent+$2,923
Principal + Interest−$3,324
Property Tax (~2.1% TX avg)−$1,066
Insurance (~0.5%)−$254
Est. Monthly Cash Flow $-1,721

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 22, 2026.

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