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$542,310

NAL Estimated Property Value

1100 The Cape 602, Horseshoe Bay, TX, 78657

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths837 Sq Ft
price_per_sqft$537.63 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer
FlooringCarpet Free, Tile, Wood

Exterior

Exterior FeaturesDock

Building Information

Year Built1986
Stories1
Roof Type104

Land Information

APN21525
SubdivisionCape Terrace Condo
Land UseResidential
Legal DescriptionCAPE TERRACE HORSESHOE BAY 602
Census Tract970402
Assessed Land Value$279,460
Assessed Improvement Value$262,850
Assessment Year2025

About this property

Waterfront investment opportunity in the heart of Horseshoe Bay Resort! Unit 602 at Cape Terrace offers fully furnished, single-level living with panoramic views of Lake LBJ and the Horseshoe Bay Marina. This beautifully updated 2-bedroom condo features a spacious open living area with water views from nearly every angle and a fabulous covered back porch perfect for morning coffee or sunset evenings. Located just steps from world-class resort amenities, this gated community allows short-term rentals, and the unit has a strong VRBO rental history with consistent bookings. Exclusive day docks are conveniently located just below the back deck, making lake days effortless. Walk to the Yacht Club, Marina, Spa, Hotel, and dining — and enjoy access to the only floating pool in North America. Whether you’re seeking an income-producing property or the perfect weekend escape, this Lake LBJ condo checks every box.

Investor Tools

Property Icon
$542,310
Estimated Property Value
$206,831Estimated Mortgage Balance
$335,479Estimated Equity
61% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,254 /month
Positive
Cash Flow Estimate:
$1,085 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$467/month
$2,060/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,895
$542,310
2025
$279,460
$262,850
$542,310
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,895
$542,310

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$250,000
No
First
Dec 13, 2017
Jan 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,831
$335,479
61%
38%
$1,499/mo

City: Horseshoe Bay

1100 The Cape 602 | Property Details | No Agent List