Active Listing  ·  152 days on market

634 Broken Hills Dr

Horseshoe Bay, TX 78657
$535,000
3 Bed 4 Bath 2,775 sqft $193/sqft Built 1984 0.31 acres 2-Car Garage Pool Horseshoe Bay West

Don't miss one of the best values currently available in Horseshoe Bay. This spacious 3-bedroom, 3½-bath home offers an exceptional opportunity to personalize a well-built residence in one of the area's most desirable locations.

Situated on a generous corner lot beneath mature oak trees, the property features two driveways, a two-car garage, a private courtyard, covered patios, and beautiful Hill Country views—a combination that's becoming increasingly difficult to find.

Inside, the thoughtfully designed split-bedroom floor plan includes three spacious bedrooms, each with its own en-suite bath, plus a convenient powder room for guests. Vaulted ceilings, abundant natural light, a welcoming fireplace, and multiple doors opening to the covered patio create comfortable indoor-outdoor living and entertaining.

The oversized primary suite features separate his-and-her closets with built-in storage, while generous storage throughout the home adds everyday convenience.

Whether you're searching for a full-time residence, weekend getaway, or investment property, this home provides the ideal opportunity to update finishes to your personal taste while building immediate equity.

Residents enjoy access to a private waterfront homeowners park with Lake LBJ access, picnic areas, and outdoor recreation.

Priced to sell and ready for your vision, this is your chance to own a spacious Horseshoe Bay home with outstanding potential. Schedule your showing today before this opportunity is gone.

At $193/sqft, this home is 60% 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

634 Broken Hills Dr, Horseshoe Bay, TX 78657

Property Details

Price $535,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,775 sqft
Lot Size 0.31 acres (13,372.92 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft $193/sqft
Days on Market ,
HOA $866.52/Annually
Annual Tax Est. $7,377.64
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221511069
List Date March 5, 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 · March 5, 2026 $565,000
Current ask $535,000
Reduced $30,000 (-5.3%) 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
1713 Whitetail RD None
Horseshoe Bay South
$539,000 $294 3 bd / 2 ba 1,831 sqft , 2026-07-17
313 Lagoon Loop
Deer Haven
$540,000 $226 3 bd / 2 ba 2,393 sqft , 2026-07-20
210 Circle Dr
Channel Oaks
$549,000 $218 3 bd / 2 ba 2,518 sqft , 2025-04-10
206 Blue Ground None
Horseshoe Bay West
$549,900 $208 3 bd / 2 ba 2,644 sqft , 2025-12-08
100 W Up There None
Horseshoe Bay West
$554,000 $224 4 bd / 2 ba 2,471 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
$2,568/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
$107,000
20% conventional investment loan

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

Estimated Gross Rent+$2,568
Principal + Interest−$2,920
Property Tax (~2.1% TX avg)−$936
Insurance (~0.5%)−$223
Est. Monthly Cash Flow $-1,511

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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