Active Listing  ·  225 days on market

704 Horseshoe Bay Blvd #L

Horseshoe Bay, TX 78657
$440,000
4 Bed 5 Bath 1,820 sqft $242/sqft Built 1980 0.02 acres 1-Car Garage Pool Tall Timbers

Waterfront views, short-term rental approval, and an unbeatable Horseshoe Bay location make this 4-bedroom, 5-bath townhome an exceptional opportunity for both personal enjoyment and investment. Offering 1,820 sq ft of well-designed living space, this property features two private patios and is within walking distance to marinas, dining, golf, and the Horseshoe Bay Resort.

The open-concept floor plan includes two primary suites—one conveniently located on the main level and a second private suite on the third floor—providing flexibility and privacy for guests. The galley-style kitchen is appointed with granite countertops, two breakfast bars, glass tile backsplash, and stainless-steel appliances, opening seamlessly to the spacious living area with hardwood and tile flooring.

Recent updates over the past three years (excluding one bedroom) add modern finishes and a fresh, contemporary feel throughout. Enjoy waterfront views from the balcony and the convenience of both car and golf cart garage parking. All furnishings convey, making this property truly turn-key.

Located in the heart of the Horseshoe Bay resort area, residents and guests enjoy access to a wide array of amenities and activities, including the iconic European-style floating pool.

At $242/sqft, this home is 50% 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

704 Horseshoe Bay Blvd #L, Horseshoe Bay, TX 78657

Property Details

Price $440,000
Status Active Listing
Beds 4
Full Baths 5
Half Baths ,
Living Area 1,820 sqft
Lot Size 0.02 acres (1,014.95 sqft)
Year Built 1980
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Tall Timbers
County Llano
Zip Code 78657
$/sqft $242/sqft
Days on Market ,
HOA $250/Monthly
Annual Tax Est. $6,218
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214656057
List Date December 22, 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 →

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
507 Mountain Dr
Deer Haven
$438,000 $272 3 bd / 2 ba 1,609 sqft , 2026-03-05
3804 Dew Drop None
HORSESHOE BAY
$455,000 $227 4 bd / 2 ba 2,004 sqft , 2026-01-12
101 Western Spur
Horseshoe Bay Proper
$459,900 $277 3 bd / 2 ba 1,659 sqft , 2026-03-26
103 Kings Way
Castle Terrace
$420,000 $224 3 bd / 2 ba 1,875 sqft , 2026-06-10
320 Twin Sails None #25
Highland Condos
$419,900 $226 3 bd / 3 ba 1,860 sqft , 2026-05-28

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
$2,112/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
$88,000
20% conventional investment loan

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

Estimated Gross Rent+$2,112
Principal + Interest−$2,401
Property Tax (~2.1% TX avg)−$770
Insurance (~0.5%)−$183
Est. Monthly Cash Flow $-1,242

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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