Active Listing  ·  83 days on market

706-A Clayton Nolen Dr

Horseshoe Bay, TX 78657
$297,000
3 Bed 3 Bath 2,241 sqft $133/sqft Built 1983 0.36 acres 2-Car Garage Pool Hillcrest Garden

This spacious two-story home offers 2,241 square feet with 3 bedrooms, 3 full bathrooms, a detached 2-car garage, and a wonderful private courtyard. The main level features a spacious living and dining combo with soaring ceilings, abundant natural light, and a floor-to-ceiling stone fireplace as a striking focal point. Upgraded lower-level living room doors and windows further enhance the space, while the open-to-below second-floor design adds to the home's sense of openness.

The sunroom extends directly from the main living and dining area, providing flexible space for a sunroom, art studio, reading area, or additional sitting area. Separate from the living and dining combo, the kitchen features white cabinetry, granite countertops, stainless steel appliances, a pantry, and an adjoining breakfast nook. A convenient bar area provides additional cabinetry and granite counter space. A foyer, dedicated laundry room, secondary bedroom, and full bathroom complete the first floor. Recent improvements include an entirely new A/C system, a new water heater, and new exterior sliding doors.

Upstairs, two generously sized primary bedrooms each feature their own private full bathroom and closet space, creating a flexible layout for residents and guests. Granite countertops continue into the bathrooms for a cohesive finish. The open-to-below design overlooks the main living area and emphasizes the home's distinctive two-story layout.

Outside, the private courtyard provides a welcoming setting for outdoor seating and entertaining, while the surrounding grounds feature mature trees, natural rock formations, and winding paths. There is no HOA fee; however, the property is subject to a POA fee. Located moments away from Horseshoe Bay Resort Jet Center, this home combines a distinctive layout, flexible living spaces, and convenient updates. Whether you're looking for a full-time residence, weekend getaway, or rental investment, this unique home deserves a spot on your list.

At $133/sqft, this home is 72% below the Horseshoe Bay active market average of $477/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

706-A Clayton Nolen Dr, Horseshoe Bay, TX 78657

Property Details

Price $297,000
Status Active Listing
Beds 3
Full Baths 3
Half Baths ,
Living Area 2,241 sqft
Lot Size 0.36 acres (15,855.84 sqft)
Year Built 1983
Garage 2 spaces
Stories ,
Type Residential · Townhouse
Subdivision Hillcrest Garden
County Llano
Zip Code 78657
$/sqft $133/sqft
Days on Market ,
HOA $721.98/Annually
Annual Tax Est. $4,879.21
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243863852
List Date August 21, 2026
Elementary School Packsaddle
Middle School Llano
High School Llano
School District Llano ISD

Llano ISD

Packsaddle · Llano · Llano

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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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 · August 21, 2026 $325,000
Current ask $297,000
▼ Reduced $28,000 (-8.6%) 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
117 Lost Spur #5
Parkridge Green
$320,000 $155 2 bd / 4 ba 2,070 sqft , 2026-05-14
901 Cheyenne None #C
Creekhill North
$329,000 $164 4 bd / 5 ba 2,006 sqft , 2026-06-18
1103 Ute Road None
Horseshoe Bay Proper
$329,900 $198 3 bd / 2 ba 1,662 sqft , 2026-10-13
400 Hi There None #104
High Vista Condos
$255,000 $135 3 bd / 3 ba 1,886 sqft , 2026-03-13
402 Hi Stirrup None #E4
Bay View Villas
$249,900 $135 3 bd / 3 ba 1,848 sqft , 2026-04-16

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
$1,426/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
$59,400
20% conventional investment loan

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

Estimated Gross Rent+$1,426
Principal + Interest−$1,621
Property Tax (assumed ~2.1%)−$520
Insurance (assumed ~0.5%)−$124
Est. Monthly Cash Flow $-839

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 · 41 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. The written content was last updated on October 27, 2026.

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

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