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$279,000

103 Island Dr # 3, Horseshoe Bay, TX, 78657

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths647 Sq Ft
price_per_sqft$486.86 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Dryer, Refrigerator, Microwave, Oven, Range, Cooktop
FlooringCeramic Tile

Building Information

Year Built1975
Stories2
Roof Type112
Garage Spaces1

Land Information

APN14500
SubdivisionPortofino Condo
Land UseResidential
Legal DescriptionPORTOFINO CONDO HORSESHOE BAY UNIT 103 OF 33002
Census Tract970402
Assessed Land Value$15,000
Assessed Improvement Value$170,480
Assessment Year2025

About this property

Nestled in the heart of Horseshoe Bay & walking distance to EVERYTHING... restaurants, the marina, Yacht club, hotel, swimming pools... all that the Horseshoe Bay Resort has to offer is just outside the door. This charming townhouse offers a peaceful retreat with its adorable one-bedroom + LOFT, one-bath bungalow. MONTHLY HOA FEE ONLY $135!!!With soaring ceilings and a seamless flow from the kitchen to the cozy living area, this home is perfect for both relaxation and entertaining. The spacious loft offers endless possibilities (CURRENTLY SLEEPS 3 PEOPLE) or transform it into a yoga studio, a fun bunkroom, or a productive office space. Step outside to a private courtyard, ideal for grilling and dining al fresco while enjoying the fresh air and enjoying the "peek-a boo" view of the water. Inside, the living room features a wood-burning fireplace, creating a warm, inviting atmosphere, and the recently replaced A/C ensures year-round comfort. Both the kitchen and bath have been thoughtfully refreshed, with all appliances including a convenient washer/dryer combo making this home truly move-in ready. This property can be purchased partially furnished if new owner desires. The community offers a lovely, shared space with a dock, lush green yard, and beautiful access to enjoy the lake perfect for unwinding and enjoying the serenity of nature. Whether you're looking for a weekend getaway or a full-time retreat, this townhouse is an idyllic place to call home.

Investor Tools

Property Icon
$279,000
Estimated Property Value
$0Estimated Mortgage Balance
$279,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$199/month
$1,617/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$990
$185,480
2025
$15,000
$170,480
$185,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$990
$185,480

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$279,000
100%
0%
$0/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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103 Island Dr # 3 | Property Details | No Agent List