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$292,000

NAL Estimated Property Value

200 Free Rein 17, Horseshoe Bay, TX, 78657

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,177 Sq Ft
price_per_sqft$245.54 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Electric Range, Dishwasher, Disposal, Microwave, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesNo Exterior Steps, Rain Gutters

Building Information

Year Built1980
Stories2
Roof Type112
Garage Spaces1

Land Information

APN33122
SubdivisionCenter Court Townhouses
Land UseResidential
Legal DescriptionCENTER COURT TH HORSESHOE BAY 28011-17 PHASE II
Census Tract970402
Assessed Land Value$6,500
Assessed Improvement Value$263,770
Assessment Year2025

About this property

You are going to love this updated townhome located in the core area of Horseshoe Bay, which is within walking distance to most HSB resort amenities including the hotel, yacht club, marina, and the waterfront property owner’s park. This unit features a comfortable open living area with soaring vaulted ceilings, wood burning fireplace with stone surround, luxury vinyl flooring and easy access to the large back patio. The chef of the family will surely appreciate the totally revamped kitchen with new custom cabinets, granite counters, and upgraded stainless steel appliances. The spacious upstairs master suite features walk in closets, whirlpool tub, his/her sinks and second story views of the surrounding hill country. The guest bedroom is complete with a walk-in closet, sitting area and access to a well-appointed hall bath. Unlike most of the units in this complex this unit has access from the garage directly into the house and it also has a full bath downstairs rather than just a half bath. Outside features include a combination of limestone, stucco, & wood exterior, a hard to find attached 1-car garage and a relaxing rear patio that is beautifully landscaped to provide plenty of privacy. Don't miss this opportunity to own an exceptional, budget friendly, lock and leave property that is ideally suited for a relaxing weekend getaway, short term vacation rental or for full time living.

Investor Tools

Property Icon
$292,000
Estimated Property Value
$152,658Estimated Mortgage Balance
$139,342Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$242/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,443
$270,270
2025
$6,500
$263,770
$270,270
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,443
$270,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$154,000
No
First
Nov 20, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,658
$139,342
47%
52%
$924/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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