Active Listing  ·  7 days on market

28022 Mountain Leather None

Horseshoe Bay, TX 78657
$53,000
0.24 acres Horseshoe Bay West

Discover an exceptional opportunity to build a custom residence on an outstanding lot within the highly sought-after Horseshoe Bay community. This prime piece of land offers the perfect foundation for creating your dream home, nestled in an area celebrated for its natural beauty and vibrant lifestyle. Imagine waking up to serene surroundings and having easy access to world-class amenities. The location provides unparalleled proximity to a prestigious golf course, offering the allure of leisurely mornings on the greens. Lake access is also conveniently close, inviting residents to enjoy a variety of water activities and breathtaking scenic views. This desirable community is renowned for its friendly atmosphere and a strong sense of belonging, making it an ideal place to establish roots. Craft a bespoke living space perfectly tailored to your desires and immerse yourself in the unique charm of Horseshoe Bay, where every day feels like a retreat.

Location

28022 Mountain Leather None, Horseshoe Bay, TX 78657

Property Details

Price $53,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 0.24 acres (10,310.65 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · Unimproved Land
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft ,
Days on Market ,
HOA $850/Annually
Annual Tax Est. $617.62
Pool ,
Waterfront ,
New Construction ,
MLS # ACT241503042
List Date July 28, 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 →

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
$254/mo
0.48% rule · conservative Austin est.
Gross Yield
5.75%
Annual rent ÷ purchase price
Cap Rate (est.)
3.45%
NOI after 40% vacancy + expenses
Down Payment
$10,600
20% conventional investment loan

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

Estimated Gross Rent+$254
Principal + Interest−$289
Property Tax (~2.1% TX avg)−$93
Insurance (~0.5%)−$22
Est. Monthly Cash Flow $-150

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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