Active Listing  ·  96 days on market

901 Cheyenne None #C

Horseshoe Bay, TX 78657
$329,000
4 Bed 5 Bath 2,006 sqft $164/sqft Built 1984 0.00 acres Pool Creekhill North

Welcome to 901 Cheyenne Unit C, a beautifully updated Hill Country retreat tucked among the trees in the heart of Horseshoe Bay. Surrounded by mature oaks and offering breathtaking panoramic views, this spacious multi-level condo combines privacy, comfort, and recent upgrades.

Freshly updated with brand-new interior paint and plush new carpeting throughout, the home is move-in ready. The open-concept living area features soaring ceilings, rustic wood accents, and abundant natural light. The wet bar has been refreshed with stylish marble-inspired countertop, creating an inviting space for entertaining family and friends.

Designed with both privacy and functionality in mind, the primary suite occupies the entire top floor and serves as a private sanctuary. The suite features two primary bathrooms, providing exceptional convenience and flexibility. Two additional bedrooms are located on the lower level, while a fourth bedroom is situated on the main level, making the floor plan ideal for guests, multi-generational living, or a vacation retreat. Each bedroom includes its own private bathroom, offering comfort and privacy for everyone.

Step outside onto the private balcony and take in sweeping Hill Country views that extend for miles. Nestled in a peaceful, wooded setting, this property feels secluded while remaining just minutes from Lake LBJ, golf courses, dining, and all the amenities Horseshoe Bay has to offer.

Whether you're looking for a full-time residence, weekend getaway, or investment opportunity, 901 Cheyenne Unit C delivers spacious living, incredible views, and an unbeatable Horseshoe Bay lifestyle.

At $164/sqft, this home is 65% below the Horseshoe Bay active market average of $462/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

901 Cheyenne None #C, Horseshoe Bay, TX 78657

Property Details

Price $329,000
Status Active Listing
Beds 4
Full Baths 5
Half Baths ,
Living Area 2,006 sqft
Lot Size 0.00 acres (209.09 sqft)
Year Built 1984
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Creekhill North
County Llano
Zip Code 78657
$/sqft $164/sqft
Days on Market ,
HOA $1,000/Annually
Annual Tax Est. $3,668.49
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT236884509
List Date June 18, 2026
Elementary School Packsaddle
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
706-A Clayton Nolen Dr
Hillcrest Garden
$325,000 $145 3 bd / 3 ba 2,241 sqft , 2026-08-21
402 Hi Stirrup None #E4
Bay View Villas
$269,000 $146 3 bd / 3 ba 1,848 sqft , 2026-04-16
1100 Limestone None N
Horseshoe Bay Proper
$390,000 $193 3 bd / 3 ba 2,016 sqft , 2026-08-25
801 Grassy Knoll None #B
Horseshoe Bay
$393,900 $233 3 bd / 4 ba 1,690 sqft , 2026-06-10
320 Twin Sails None #25
Highland Condos
$399,000 $215 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
$1,579/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
$65,800
20% conventional investment loan

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

Estimated Gross Rent+$1,579
Principal + Interest−$1,795
Property Tax (~2.1% TX avg)−$576
Insurance (~0.5%)−$137
Est. Monthly Cash Flow $-929

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 · 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 June 19, 2026.

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