About This Home

The Waters at Horseshoe Bay, A brand new premier condominium community ,fully furnished located between the Marina & Yacht Club on beautiful Lake LBJ with all the resort amenities. This thoughtfully designed residence offers an open-concept layout with spacious living and dining areas, perfect for entertaining or relaxing after a day on the lake. Quality finishes include high ceilings, solid-surface countertops, modern cabinetry, recessed lighting, and well-appointed bedrooms. Enjoy the outdoors from your private covered patio while taking in peaceful community views. Residents enjoy access to a community pool, covered parking, and low maintenance living through the HOA. Come enjoy the community at The Waters of Horseshoe Bay! Selling fully furnished turnkey with rental income ! Don't miss this deal !

At $496/sqft, this home is priced 7% 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

82 Island Dr #8202, Horseshoe Bay, TX 78657

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Property Details

Price $829,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,672 sqft

Lot Size ,

Year Built 2025

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision 13239 Horseshoe Bay

County Llano

Zip Code 78657

$/sqft $496/sqft

Days on Market ,

HOA $698/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT208591625

List Date October 10, 2025

Elementary School Packsaddle

Middle School Llano

High School Llano

School District ,

Have Questions About This Property?

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 · October 10, 2025 $949,950

Previous ask $849,000

Current ask $829,900

▼ Reduced $120,050 (-12.6%) 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

98 Island Dr #34
The Waters At Horseshoe Bay Re $799,000 $594 3 bd / 2 ba 1,344 sqft , 2026-05-17

1101 The Cape Rd #2
Horseshoe Bay $875,000 $709 2 bd / 3 ba 1,234 sqft , 2026-06-13

1001 The Cape None #44
The Waters (HSB) $899,000 $561 3 bd / 2 ba 1,602 sqft , 2026-03-23

82 Island Dr #8204
The Waters $759,900 $449 3 bd / 2 ba 1,691 sqft , 2026-09-07

1216 Hi Circle N None
Horseshoe Bay $749,900 $341 3 bd / 2 ba 2,200 sqft , 2026-01-21

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

$3,984/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

$165,980

20% conventional investment loan

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

Estimated Gross Rent+$3,984

Principal + Interest−$4,529

Property Tax (~2.1% TX avg)−$1,452

Insurance (~0.5%)−$346

Est. Monthly Cash Flow $-2,343

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

About the Author

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 August 21, 2026.

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

82 Island Dr #8202