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$542,310

NAL Estimated Property Value

1100 The Cape RD 602, Horseshoe Bay, TX, 78657

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths837 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$593.19 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Oven, Free-Standing Electric Range, Electric Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Balcony

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

Fantastic opportunity to invest in a waterfront condo that offers short term rentals on Lake LBJ in the world class resort of Horseshoe Bay in the heart of Central Texas! Unit 602 at Cape Terrace is located just steps from the resort amenities and offers fully furnished accommodations in a single level condo. With panoramic lake views and lovely upgrades, it would be hard to find another two bedroom condo that beats this! Enjoy waterfront views from every inch of the spacious living area. Better yet - start and end your day on the fabulous covered back porch that overlooks the water and Horseshoe Bay Resort Marina. Exclusive day docks are located right below the back deck of this unit, making it much easier to load the boat and take off for a great day on the lake. Whether you're looking for an investment property or a weekend getaway, this gated community of Horseshoe Bay is truly special. Just a short walk from the Yacht Club, Marina, Spa, Hotel and great dining - not to mention the ONLY floating pool in North America! This unit has been listed on VRBO and is consistently rented out, so be sure to make a trip out of your visit here!

Investor Tools

Property Icon
$542,310
Estimated Property Value
$207,334Estimated Mortgage Balance
$334,976Estimated 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
$207,334
$334,976
61%
38%
$1,499/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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1100 The Cape RD 602 | Property Details | No Agent List