Active Listing  ·  273 days on market

603 Sun Ray None

Horseshoe Bay, TX 78657
$354,750
3 Bed 2 Bath 1,632 sqft $217/sqft Built 1985 0.11 acres 1-Car Garage Pool Horseshoe Bay West

Enjoy the ease of low-maintenance living at 603 Sun Ray! This 3 bedroom, 2 bath property offers the convenience of a smaller, easy-care yard with attractive xeriscape landscaping, giving you more time to relax and enjoy the Hill Country lifestyle.

Unlike many townhomes or condos, this home offers privacy and independence without the added POA fees or special assessments often associated with attached living. It’s a great option for those wanting less upkeep while still enjoying the benefits of a single-family home.

Short-term rentals are also allowed, making this property an excellent investment opportunity, full-time residence, or lock-and-leave getaway.

Conveniently located near area amenities, golf, Lake LBJ, shopping, and dining.

At $217/sqft, this home is 53% below the Horseshoe Bay active market average of $462/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

603 Sun Ray None, Horseshoe Bay, TX 78657

Property Details

Price $354,750
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,632 sqft
Lot Size 0.11 acres (4,930.99 sqft)
Year Built 1985
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft $217/sqft
Days on Market ,
HOA $794.54/Annually
Annual Tax Est. $4,176.41
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214714120
List Date December 23, 2025
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 · December 23, 2025 $379,000
Previous ask $369,900
Current ask $354,750
Reduced $24,250 (-6.4%) 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
804 Hi Cir W #B
Horseshoe Bay Proper
$353,950 $172 3 bd / 3 ba 2,062 sqft , 2026-05-07
416 Hi Cir W #A
Horseshoe Bay Proper
$350,000 $218 3 bd / 2 ba 1,603 sqft , 2026-04-13
210 Teeoff None #B
Horseshoe Bay Proper
$349,900 $274 2 bd / 2 ba 1,277 sqft , 2026-06-15
1406 Broken Hills Dr #14
9999 - Other
$365,000 $253 2 bd / 2 ba 1,443 sqft , 2025-06-26
507 Mountain Dr
Deer Haven
$380,000 $236 3 bd / 2 ba 1,609 sqft , 2026-03-05

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
$1,703/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
$70,950
20% conventional investment loan

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

Estimated Gross Rent+$1,703
Principal + Interest−$1,936
Property Tax (~2.1% TX avg)−$621
Insurance (~0.5%)−$148
Est. Monthly Cash Flow $-1,002

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 August 1, 2026.

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