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$975,000

98 Island DR 34, Horseshoe Bay, TX, 78657

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$725.45 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Electric Oven, Plumbed For Ice Maker, Refrigerator, Washer/Dryer, Electric Water Heater
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Balcony, Outdoor Grill

Building Information

Year Built2008
Stories1
Roof Type112

Land Information

APN64975
SubdivisionThe Waters At Horseshoe Bay Resort Condo
Land UseResidential
Legal DescriptionTHE WATERS AT HORSESHOE BAY RESORT CONDO PHASE II BLDG 5 UNIT 34 (35723)
Census Tract970402
Assessed Improvement Value$550,210
Assessment Year2025

About this property

Front-row seats to Lake LBJ don’t come much better than this. From your oversized covered balcony, take in wide, north-facing views stretching across open water to the iconic Lighthouse—one of the most recognizable backdrops in Horseshoe Bay. This fully furnished, move-in ready 3-bedroom, 2-bath condo sits right next to the Yacht Club, putting you in the center of it all. Inside, the layout just works—open living, dining, and kitchen anchored by a breakfast bar, all leading straight out to the lake. The primary suite is positioned where it should be…overlooking the waters of Lake LBJ, with balcony access and views you’ll never get tired of. Two guest bedrooms and a full bath are tucked toward the front, along with a convenient laundry closet. Access is easy with elevator service from the garage to the third floor. You’ll have a designated parking space plus an owner’s storage closet right across from your front door—ideal for keeping lake gear close but out of sight. Step outside and you’re immediately at the lagoon-style pool, with resident boat docks just beyond. Whether it’s morning coffee, sunset drinks, or a quick run out on the water, everything is right here. Short-term rentals are allowed, offering flexibility for personal use or income potential. Resort amenities are available with membership. If you’ve been looking for a true lock-and-leave lake place with a view that actually delivers—this is it.

Investor Tools

$198,850Estimated Mortgage Balance
$537,150Estimated Equity
72% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,850 /month
Positive
Cash Flow Estimate:
$1,950 /month

Interested in this property?

Brigitte Nolen

Horseshoe Bay ONE Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$551/month
$742/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,937
$550,210
2025
N/A
$550,210
$550,210
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,937
$550,210

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Inc
Arm (Adjustable Rate Mortgage)
$293,375
No
First
Jul 22, 2013
Aug 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,850
$537,150
72%
27%
$1,236/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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98 Island DR 34 | Property Details | No Agent List