Active Listing  ·  1 day on market

509 Short Circuit None #203

Horseshoe Bay, TX 78657
$629,000
3 Bed 2 Bath 1,154 sqft $545/sqft Built 1982 0.02 acres Pool Waterfront Horseshoe Bay Proper

Every detail has been meticulously upgraded, transforming this home into a modern sanctuary. You'll find new, energy-efficient windows, a brand-new slider back door that opens to stunning views, and elegant luxury vinyl flooring throughout. The interior has been refreshed with new paint and boasts a cozy fireplace, perfect for cooler evenings. The bathrooms have been tastefully remodeled with contemporary fixtures, and the kitchen is a chef's delight, equipped with a suite of high-end Bosch appliances and updated lighting. This condo offers more than just a beautiful home—it provides direct access to Lake LBJ with convenient day docks and jet ski ramps, making it effortless to get on the water. Its perfect location across the street from the Resort at Horseshoe Bay means you can easily walk or take a golf cart to the club, the marina, and a variety of dining and recreational options. Sold fully furnished, this property is an exceptional opportunity for a weekend getaway, a permanent residence, or a potential rental investment.(A membership is required to use the amenities at The Club at Horseshoe Bay.)

At $545/sqft, this home is priced 13% above the Horseshoe Bay active market average of $481/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

509 Short Circuit None #203, Horseshoe Bay, TX 78657

Property Details

Price $629,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,154 sqft
Lot Size 0.02 acres (871.2 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Horseshoe Bay Proper
County Llano
Zip Code 78657
$/sqft $545/sqft
Days on Market ,
HOA $351/Annually
Annual Tax Est. ,
Pool Yes
Waterfront Yes
New Construction ,
MLS # ACT242096293
List Date August 3, 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
1100 The Cape Rd #803
Cape Terrace
$575,000 $504 3 bd / 3 ba 1,141 sqft , 2026-06-15
405 Taylor Dr
Channel Oaks II
$495,000 $350 3 bd / 2 ba 1,416 sqft , 2026-02-23
1000 The Cape #65 Rd #65
The Waters At Horseshoe Bay
$490,000 $420 2 bd / 2 ba 1,166 sqft , 2025-08-12
98 Island Dr #34
The Waters At Horseshoe Bay Re
$799,000 $594 3 bd / 2 ba 1,344 sqft , 2026-05-17
1100 The Cape None #602
Cape Terrace
$450,000 $538 2 bd / 2 ba 837 sqft , 2026-04-15

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
$3,019/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
$125,800
20% conventional investment loan

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

Estimated Gross Rent+$3,019
Principal + Interest−$3,433
Property Tax (~2.1% TX avg)−$1,101
Insurance (~0.5%)−$262
Est. Monthly Cash Flow $-1,777

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

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