Active Listing  ·  107 days on market

701 Hi Dr None N #A

Horseshoe Bay, TX 78657
$1,950,000
4 Bed 5 Bath 3,045 sqft $640/sqft Built 2025 0.08 acres 2-Car Garage Pool Waterfront New Construction The Cottages at High Circle North

Experience unparalleled luxury living in this stunning new-construction waterfront residence, perfectly designed for elegance, comfort, low maintenance and the ultimate resort-style lifestyle. This exceptional four-bedroom, four-and-a-half-bath home showcases high-end finishes throughout, with every detail crafted to exceed expectations. Step inside to find bright, open living spaces framed by expansive windows that capture the beautiful water views just outside your door. The gourmet kitchen features premium appliances, custom cabinetry, large built-in refrigerator and an oversized island perfect for entertaining. A second living area on the first level offers additional space for lavish parties or hosting your favorite guests. Outdoors, indulge in your own private sanctuary with the large covered patio overlooking the water, perfect for relaxing after a day on the golf course; or soak up the sun while enjoying the endless open water lake views from the expansive upper deck. The property also includes its own private boat dock, making waterfront adventures effortless. Ideally situated within walking distance of many resort amenities (membership add'tl.), this home blends convenience with world-class luxury. Whether you’re seeking a full-time residence, an ideal short term rental investment or your own high-end retreat, this lock & leave architectural gem delivers the very best in modern waterfront living. This is luxury living at its finest!

At $640/sqft, this home is priced 39% 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

701 Hi Dr None N #A, Horseshoe Bay, TX 78657

Property Details

Price $1,950,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths 1
Living Area 3,045 sqft
Lot Size 0.08 acres (3,484.8 sqft)
Year Built 2025
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision The Cottages at High Circle North
County Llano
Zip Code 78657
$/sqft $640/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction Yes
MLS # ACT232336666
List Date June 8, 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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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
145 La Serena Loop
Escondido
$1,999,000 $505 4 bd / 4 ba 3,962 sqft , 2026-03-04
402 Island Dr #B
Harbortown Twnhms
$1,890,000 $774 4 bd / 3 ba 2,442 sqft , 2026-02-15
103 Island Dr #8
Portofina
$1,350,000 $622 3 bd / 3 ba 2,170 sqft , 2026-03-24
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
$9,360/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
$390,000
20% conventional investment loan

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

Estimated Gross Rent+$9,360
Principal + Interest−$10,642
Property Tax (~2.1% TX avg)−$3,413
Insurance (~0.5%)−$813
Est. Monthly Cash Flow $-5,508

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 June 10, 2026.

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