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$466,000

NAL Estimated Property Value

509 Short Circuit 201, Horseshoe Bay, TX, 78657

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths857 Sq Ft
price_per_sqft$570.6 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Boat Slip

Building Information

Year Built1982
Stories1
Roof Type104

Land Information

APN17126
SubdivisionVillas Del Lago Condos
Land UseResidential
Legal DescriptionVILLAS DEL LAGO CONDO HORSESHOE BAY 201
Census Tract970402
Assessed Improvement Value$412,820
Assessment Year2025

About this property

WOW! Furnished Lake LBJ condo in PRIME LOCATION with swimming pool, hot tub, day docks, and jet ski ramps near the Horseshoe Bay Resort Hotel and Marina. Villas Del Lago #201 is a 2 bedroom, 1 bath condo that has been updated and is positioned at the waterfront with beautiful views of the lake from the condo. All appliances, outdoor grill, indoor and outdoor furniture, beds, linens for each bed, 4 sets of towels, dishes and flatware for 4 people, 3 pans and some kitchen utensils will convey to the Buyer. Rentals are allowed for 30 days or longer.

Investor Tools

Property Icon
$466,000
Estimated Property Value
$332,924Estimated Mortgage Balance
$133,076Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,934 /month
Positive
Cash Flow Estimate:
$978 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$378/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,203
$412,820
2025
N/A
$412,820
$412,820
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,203
$412,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Conventional
$348,750
No
First
Nov 30, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$332,924
$133,076
28%
71%
$2,091/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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509 Short Circuit 201 | Property Details | No Agent List