Active Listing  ·  10 days on market

2901 Deep Canyon None

Horseshoe Bay, TX 78657
$249,000
0.67 acres Horseshoe Bay West

Currently one of the premier golf course homesites available in Horseshoe Bay, this exceptional 0.62-acre lot offers breathtaking panoramic views of Lake LBJ, the Texas Hill Country, and Apple Rock Golf Course. Perfectly positioned along the 10th fairway of Apple Rock, one of Horseshoe Bay's signature holes, this oversized property provides the ideal canvas to design and build your custom dream home. The spacious, level building site overlooking the fairway is ready for construction, while recent street improvements, including new culverts and fresh asphalt, provide convenient access from below. A thoughtfully designed circular drive connecting Ventura and Deep Canyon would create an unforgettable arrival experience while maximizing both accessibility and curb appeal. Enjoy spectacular eastern exposure, allowing you to entertain on your outdoor living spaces with stunning views and comfortable, shaded afternoons. When the day winds down, hop on your golf cart and head just up the fairway to Cap Rock Clubhouse for dinner, drinks, or golf with friends. (Must be a member to enjoy) Opportunities like this are increasingly rare—combining golf course frontage, panoramic Lake LBJ views, Hill Country, an oversized homesite, and a premier location in one remarkable property. Build the forever home you've always envisioned and experience the very best of the Horseshoe Bay lifestyle. Being a builder owner you might want to inquire as to design build opportunities should you not have one in mind. Incredible opp.

Location

2901 Deep Canyon None, Horseshoe Bay, TX 78657

Property Details

Price $249,000
Status Active Listing
Beds ,
Full Baths ,
Half Baths ,
Living Area ,
Lot Size 0.67 acres (29,185.2 sqft)
Year Built ,
Garage ,
Stories ,
Type Land · Unimproved Land
Subdivision Horseshoe Bay West
County Llano
Zip Code 78657
$/sqft ,
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool ,
Waterfront ,
New Construction ,
MLS # ACT246628614
List Date September 12, 2026
Elementary School Llano
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.

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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
$1,195/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
$49,800
20% conventional investment loan

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

Estimated Gross Rent+$1,195
Principal + Interest−$1,359
Property Tax (~2.1% TX avg)−$436
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-704

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 September 12, 2026.

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