Active Listing  ·  55 days on market

801 Grassy Knoll None #B

Horseshoe Bay, TX 78657
$393,900
3 Bed 4 Bath 1,690 sqft $233/sqft Built 1983 0.02 acres Pool Horseshoe Bay

Discover a serene retreat in the heart of Horseshoe Bay, offering the perfect blend of Hill Country tranquility and convenient access to local amenities. This tastefully updated residence spans three levels, providing ample space and comfort for both weekend escapes and full-time living. Enjoy breathtaking views from two private balconies, overlooking a picturesque tree-lined canyon and a seasonal creek, creating an idyllic backdrop for relaxation. The thoughtful design ensures privacy and convenience, with each bedroom featuring its own private bathroom. This layout is ideal for families or guests, allowing everyone to spread out and fully embrace the area's renowned golf and lake activities. The property is designed for immediate enjoyment, allowing for seamless transitions into a relaxed lifestyle. Its prime location in Horseshoe Bay means you are never far from everything this vibrant community has to offer, from outdoor adventures to local dining and shopping. This home embodies a lifestyle of comfort and natural beauty, inviting residents to savor every moment in a truly special setting.

At $233/sqft, this home is 52% 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

801 Grassy Knoll None #B, Horseshoe Bay, TX 78657

Property Details

Price $393,900
Status Active Listing
Beds 3
Full Baths 3
Half Baths 1
Living Area 1,690 sqft
Lot Size 0.02 acres (871.2 sqft)
Year Built 1983
Garage ,
Stories ,
Type Residential · Townhouse
Subdivision Horseshoe Bay
County Burnet
Zip Code 78657
$/sqft $233/sqft
Days on Market ,
HOA $310/Annually
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235743224
List Date June 10, 2026
Elementary School Marble Falls
Middle School Marble Falls
High School Marble Falls
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
1302 Ponderosa Bnd
Horseshoe Bay South
$392,900 $243 3 bd / 2 ba 1,620 sqft , 2026-04-30
511 Taylor Dr
Channel Oaks
$395,000 $234 3 bd / 2 ba 1,686 sqft , 2026-05-28
132 Rivalto Dr
Tuscan Village
$398,000 $265 2 bd / 2 ba 1,501 sqft , 2026-05-01
113 Scenic Dr
Sandy Harbor
$399,000 $218 3 bd / 2 ba 1,830 sqft , 2026-04-24
104 Springfield None
Horseshoe Bay Proper
$399,000 $200 3 bd / 2 ba 1,999 sqft , 2026-05-07

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
$1,891/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
$78,780
20% conventional investment loan

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

Estimated Gross Rent+$1,891
Principal + Interest−$2,150
Property Tax (~2.1% TX avg)−$689
Insurance (~0.5%)−$164
Est. Monthly Cash Flow $-1,112

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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