Active Listing  ·  75 days on market

718 Indian Paint Blvd

Horseshoe Bay, TX 78657
$699,500
3 Bed 4 Bath 2,742 sqft $255/sqft Built 2024 0.22 acres 2-Car Garage Pool Horseshoe Bay Proper

Built in 2024, this custom home offers one of the best values in Horseshoe Bay, combining modern luxury, thoughtful design, and exceptional quality at a price that’s difficult to match.

Inside, soaring 19-foot ceilings and an open-concept floor plan create a bright, inviting space perfect for everyday living and entertaining. The chef’s kitchen features premium appliances, custom cabinetry, an oversized island, and flows seamlessly into the living area with a stylish wet bar. The flexible layout includes three bedrooms, three and a half baths, a dedicated office, and a private primary suite with a spa-inspired bath and generous walk-in closet.

Whether you’re looking for a full-time residence or a lock-and-leave getaway, this home delivers the quality, craftsmanship, and lifestyle buyers expect—while offering an outstanding value compared to similar new construction in Horseshoe Bay.

If you’ve been searching for a luxury home without the luxury price tag, this is an opportunity you won’t want to miss.

At $255/sqft, this home is 47% 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

718 Indian Paint Blvd, Horseshoe Bay, TX 78657

Property Details

Price $699,500
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 2,742 sqft
Lot Size 0.22 acres (9,535.28 sqft)
Year Built 2024
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $255/sqft
Days on Market ,
HOA $341.59/Annually
Annual Tax Est. $5,016.52
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT229071962
List Date May 21, 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 · May 21, 2026 $739,000
Current ask $699,500
Reduced $39,500 (-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
429 Mayapple Rd
Tuscan Village
$699,000 $328 2 bd / 3 ba 2,130 sqft , 2024-06-06
130 Lucia Ct
Tuscan Village Horseshoe Bay
$699,000 $327 2 bd / 3 ba 2,136 sqft , 2026-03-20
824 Sun Ray None
Horseshoe Bay West
$699,000 $286 4 bd / 3 ba 2,441 sqft , 2026-04-13
624 Hi Stirrup None
Horseshoe Bay Proper
$699,000 $228 3 bd / 4 ba 3,068 sqft , 2026-07-02
207 Free Rein None #1
Horseshoe Bay Proper
$724,000 $224 3 bd / 4 ba 3,232 sqft , 2026-02-28

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
$3,358/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
$139,900
20% conventional investment loan

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

Estimated Gross Rent+$3,358
Principal + Interest−$3,817
Property Tax (~2.1% TX avg)−$1,224
Insurance (~0.5%)−$291
Est. Monthly Cash Flow $-1,974

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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