Active Listing  ·  155 days on market

5900 W Fm 2147 None #106

Horseshoe Bay, TX 78657
$1,198,000
4 Bed 4 Bath 2,568 sqft $467/sqft Built 2003 0.07 acres 1-Car Garage Pool Waterfront Horseshoe Bay N

Make this detached waterfront townhome your own special hideaway on Lake LBJ! Lovingly maintained by the family that originally owned the home, it is perfect for gatherings of friends and family. Located on an unusually large cove with open water views, this home is perfect for all your favorite outdoor and water activities. The recently refreshed wooden deck boasts over 900 SF of space for relaxing and entertaining at water's edge. The primary bedroom with ensuite, a half-bath, laundry room, and several generous closets are on the ground floor. The primary bedroom has access to the deck, which can also be approached via the boat dock area. There is an electric dumb-waiter near the garage entrance so that groceries may be easily transported to the kitchen. Level 2 boasts a large living and dining space as well as the kitchen, guest bedroom #1, guest bathroom, and a balcony with plenty of room to sit and enjoy the view. There is also a grill on the balcony. Guest bedrooms #2 and #3 are located privately on the upper level with a Jack & Jill bathroom. This large cove boasts clear water - perfect for all your favorite water activities. The electric cover for the boat was added just last year. The dock area also has 2 private wave-runner ramps. You can sit and fish right on the deck edge in the shade of an enormous oak tree. Nothing could be more relaxing. The home is BEING SOLD FULLY FURNISHED. Boat and wave-runners are negotiable. Townhome group is the Hidden Cove at Horseshoe Creek.

*This property is zoned AE by FEMA because it is waterfront. It has never flooded - even during the historic October 2018 floods.

At $467/sqft, this home is 3% 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

5900 W Fm 2147 None #106, Horseshoe Bay, TX 78657

Property Details

Price $1,198,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,568 sqft
Lot Size 0.07 acres (3,253.93 sqft)
Year Built 2003
Garage 1 spaces
Stories ,
Type Residential · Townhouse
Subdivision Horseshoe Bay N
County Burnet
Zip Code 78657
$/sqft $467/sqft
Days on Market ,
HOA $360.99/Annually
Annual Tax Est. $15,916.34
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT220414548
List Date March 2, 2026
Elementary School Marble Falls
Middle School Marble Falls
High School Marble Falls
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
121 Azalea Loop
The Reserve At Summit Rock/Golden Bear
$1,199,000 $357 3 bd / 4 ba 3,362 sqft , 2026-03-20
2900 Bay West Blvd
Applehead West
$1,199,000 $424 3 bd / 3 ba 2,831 sqft , 2026-05-24
1311 Clayton Nolen Dr
Horseshoe Bay Proper
$1,195,000 $440 3 bd / 3 ba 2,714 sqft , 2025-08-06
3504 Bay West Blvd
Applehead West
$1,234,000 $437 3 bd / 4 ba 2,822 sqft , 2026-03-12
124 Apache Tears Dr
Horseshoe Bay West
$1,234,500 $371 4 bd / 5 ba 3,326 sqft , 2026-04-13

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
$5,750/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
$239,600
20% conventional investment loan

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

Estimated Gross Rent+$5,750
Principal + Interest−$6,538
Property Tax (~2.1% TX avg)−$2,097
Insurance (~0.5%)−$499
Est. Monthly Cash Flow $-3,384

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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