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$571,480

509 Short Circuit 205, Horseshoe Bay, TX, 78657

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,154 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$476.6 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Electric Oven, Free-Standing Refrigerator, Washer/Dryer Stacked
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock

Building Information

Year Built1982
Stories2
Roof Type112

Land Information

APN17200
SubdivisionVillas Del Lago Condos
Land UseResidential
Legal DescriptionVILLAS DEL LAGO CONDO HORSESHOE BAY 205
Census Tract970402
Assessed Improvement Value$571,480
Assessment Year2025

About this property

Rare find! Spectacular condo located in Horseshoe Bay with breathtaking views of Lake LBJ! The interior showcases an open layout with an abundant of natural lighting throughout. This home provides a relaxing living environment which includes 2 bedrooms, 2 baths and a bonus room with double bunk beds. The kitchen was designed for convenience with plenty of space for preparing meals and entertaining friends and family, in addition to being equipped with all stainless-steel appliances and a sit at countertop. Maximize your living experience with the patio overlooking the beautiful views of the lake and the gorgeous Texas sunsets. Enjoy the private amenities Villas Del Lago offers; private in ground pool and hot-tub, day docks and fishing dock for residents use only. This home is conveniently located to private resort amenities such as marina, golf courses, clubhouse as well as local restaurants, bars and shops. Being sold with beautiful furnishings with a few exceptions.

Investor Tools

Property Icon
$571,480
Estimated Property Value
$0Estimated Mortgage Balance
$170,389Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,429 /month
Positive
Cash Flow Estimate:
$1,143 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$492/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,050
$571,480
2025
N/A
$571,480
$571,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,050
$571,480

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas State Bank
Building Or Construction Loan
$431,200
No
First
Jul 14, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$401,091
$170,389
29%
70%
$2,586/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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509 Short Circuit 205 | Property Details | No Agent List