About This Home

Beautiful 1/1 unit decorated and finished out by luxury designer! Custom curtains adorn the windows and doors with wainscoting features throughout living and dining areas. Enjoy your views off the patio of the pool while being in the heart of the resort- Walking distance to most of Horseshoe Bay's amenities. Great lock and leave. Unit comes furnished!

At $337/sqft, this home is 30% 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

98 Island Dr #31, Horseshoe Bay, TX 78657

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Property Details

Price $275,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 816 sqft

Lot Size ,

Year Built 2008

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision The Waters At Horseshoe Bay Re

County Llano

Zip Code 78657

$/sqft $337/sqft

Days on Market ,

HOA $695/Monthly

Annual Tax Est. $3,388.45

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT206359358

List Date September 8, 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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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

101 W Bank None #27
The Waters At Horseshoe Bay Re $265,000 $349 1 bd / 1 ba 759 sqft , 2025-02-02

1001 The Cape Rd #16
The Waters At Horseshoe Bay Re $260,000 $343 1 bd / 1 ba 759 sqft , 2026-02-03

104 Paisano Dr
Sandy Harbor $349,900 $412 1 bd / 1 ba 850 sqft , 2026-02-10

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

$1,320/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

$55,000

20% conventional investment loan

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

Estimated Gross Rent+$1,320

Principal + Interest−$1,501

Property Tax (~2.1% TX avg)−$481

Insurance (~0.5%)−$115

Est. Monthly Cash Flow $-777

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

98 Island Dr #31

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Horseshoe Bay, TX

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