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Days25Days on Market
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$2,695,000

114 Captains Cove, Horseshoe Bay, TX, 78657

On MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,408 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$790.79 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 5Bathrooms 5
Garage AvailableGarage Available
AppliancesBar Fridge, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Ice Maker, Microwave, Tankless Water Heater
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Balcony, Barbecue, Gas Grill
Lot Size57 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN121921
Lot Number1-2,S
SubdivisionCastle Acres
Land UseResidential
Legal DescriptionS3605 CASTLE ACRES LOT 3 (2021 REPLAT OF LOTS 1 & 2)
Census Tract960801
Assessed Land Value$796,320
Assessed Improvement Value$1,751,308
Assessment Year2025

About this property

Enjoy lakeside living with this stunning home on Lake LBJ in the gated waterfront community of Captains Cove. Whether you're looking for a private retreat or a lucrative investment, this waterfront beauty delivers. Designed for both comfort and style, this lake house boasts an open living area with floor-to-ceiling windows, gas fireplace, ceramic plank flooring and breathtaking water views. The island kitchen is an entertainer’s dream, featuring soft-close cabinetry, granite countertops, dine-in breakfast bar and top-tier appliances, including double ovens and a 6-burner gas cooktop. The spacious main-level primary suite offers a sitting area, dual sinks with quartz countertops, a soaking tub and a beautifully tiled frameless glass shower. A lockable guest suite with a private entrance is perfect for short-term rentals. Upstairs, your visitors will love two well-appointed guest bedrooms, each with its own bath, a secondary living area with theater seating and a covered deck overlooking the pool. Thoughtful upgrades include designer lighting, tankless water heater, automatic blinds, Sonos sound system and more. Outdoor amenities are just as impressive, featuring a covered patio with gas fireplace, built-in grill, pool, hot tub and 200+ ft of NW-facing water frontage. Boaters will appreciate two 27’ boat slips. All TVs, electronics and furniture convey with the sale. With short-term rental potential, this property offers a fantastic opportunity to generate income while enjoying the best of lakefront living.

Investor Tools

$0Estimated Mortgage Balance
$2,767,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,602 /month
Positive
Cash Flow Estimate:
$5,534 /month

Interested in this property?

Chad Thibodeaux

RE/MAX HORSESHOE BAY RESORT SA

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,387/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,810
$2,529,604
2025
$796,320
$1,751,308
$2,547,628
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,810
$2,529,604

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,767,000
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.

Explore Texas Explore This Area
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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114 Captains Cove | Property Details | No Agent List