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$1,124,930

NAL Estimated Property Value

102 Island Dr Unit A, Horseshoe Bay, TX, 78657

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,538 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$682.7 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1979
Stories2
Roof Type104

Land Information

APN40861
SubdivisionShoreline Townhouses Phase I -Iii
Land UseResidential
Legal DescriptionSHORELINE TH PHASE I HORSESHOE BAY 33008-A BLDG 1
Census Tract970402
Assessed Land Value$529,990
Assessed Improvement Value$594,940
Assessment Year2025

About this property

Lake LBJ Luxury Waterfront Townhome: proven short-term rental income producer, walking distance to the resort’s Yacht Club, pool, and core amenities, with magnificent open water views of Horseshoe Bay’s lighthouse and annual July 4th fireworks display. Centrally located, it’s ideal as a full-time residence, a weekender, or an investment property. In 2021, unit rented 226 days producing revenue over $70k - customer database conveys. On three levels with a floor plan ideal for family and guests, this get-away welcomes you home with open water views and outdoor living for everyone. From the entry, step up a half flight to the main living area where the great room presents glorious views of big, open water and Horseshoe Bay’s iconic lighthouse. The efficient kitchen offers modern appliances and ample storage. Step out to the main deck to relax after a hard day on the lake or links. Upstairs two guest rooms, each with a dedicated bath, make it easy to accommodate family and friends. Tucked downstairs, the secluded master suite brags a private bath and lake-level dock. Spend summer afternoons fishing or sunbathing from your deck, take a dip in the water, or embark upon a day on the lake. As evening falls, enjoy your favorite cocktail as you count the stars and watch the moon glimmer over the quiet lake.

Investor Tools

Property Icon
$1,124,930
Estimated Property Value
$908,011Estimated Mortgage Balance
$218,034Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,750 /month
Positive
Cash Flow Estimate:
$2,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$969/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,004
$1,124,930
2025
$529,990
$594,940
$1,124,930
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,004
$1,124,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pinncacle Bank
Conventional
$949,050
No
First
Nov 30, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$908,011
$333,989
26%
81%
$5,844/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Horseshoe Bay

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102 Island Dr Unit A | Property Details | No Agent List