Horseshoe Bay Real Estate

Horseshoe Bay is the resort city on the south shore of Lake LBJ, about eight miles west of Marble Falls and 51 miles northwest of downtown Austin, and it is the largest real estate market in the Highland Lakes: a planned community begun on a ranch in 1971 that now spans two counties, four golf courses, a marina and its own jet-capable airport. The homes for sale run from open-water and channel waterfront, including the gated Applehead Island, to golf course homes, hillside customs with lake views, condominiums near the resort, and a deep supply of buildable lots. [Read more about Horseshoe Bay...]

Horseshoe Bay Homes for Sale

REDUCED

24434 E Highway 71

$32,900,000

Horseshoe Bay, TX
6 Bed, 7 Bath, 6000 Sqft, 400.41 Acres
Farm
Pine & Beckett, Realtors

115 Estate Drive

$12,995,000

Horseshoe Bay, TX
9 Bed, 11 Bath, 9374 Sqft, 3.69 Acres
Residential
Kuper Sotheby's Int'l Realty

82 Applehead Island Drive

$9,995,000

Horseshoe Bay, TX
6 Bed, 9 Bath, 10521 Sqft, 0.84 Acres
Residential
Re/max Horseshoe Bay Resort Sa

113 La Posada

$8,500,000

Horseshoe Bay, TX
6 Bed, 10 Bath, 8735 Sqft, 1.16 Acres
Residential
Horizon Realty

125 Plaza Escondido

$8,200,000

Horseshoe Bay, TX
4 Bed, 7 Bath, 7991 Sqft, 0.65 Acres
Residential
Horseshoe Bay One Realty

415 Lighthouse Drive

$7,500,000

Horseshoe Bay, TX
5 Bed, 8 Bath, 5581 Sqft, 0.39 Acres
Residential
Horseshoe Bay One Realty

414 Matern Court

$7,000,000

Horseshoe Bay, TX
7 Bed, 9 Bath, 6746 Sqft, 0.36 Acres
Residential
The Carvajal Group

116 Wennmohs Place

$6,900,000

Horseshoe Bay, TX
7 Bed, 10 Bath, 8936 Sqft, 1.18 Acres
Residential
Horseshoe Bay Resort Realty

120 Applehead Island Drive

$6,495,000

Horseshoe Bay, TX
5 Bed, 7 Bath, 6334 Sqft, 0.31 Acres
Residential
Re/max Horseshoe Bay Resort Sa

252 La Serena Loop

$5,995,000

Horseshoe Bay, TX
5 Bed, 7 Bath, 8034 Sqft, 0.72 Acres
Residential
Re/max Horseshoe Bay Resort Sa

REDUCED

101 Harbor Light Boulevard

$5,950,000

Horseshoe Bay, TX
5 Bed, 6 Bath, 5142 Sqft, 0.56 Acres
Residential
Live Texan Realty

240 La Serena Loop

$5,500,000

Horseshoe Bay, TX
5 Bed, 6 Bath, 5375 Sqft, 0.68 Acres
Residential
Kuper Sotheby's Int'l Realty

151 Applehead Island Drive

$5,395,000

Horseshoe Bay, TX
5 Bed, 5 Bath, 5102 Sqft, 0.24 Acres
Residential
Alex

REDUCED

84 Applehead Island Drive

$5,295,000

Horseshoe Bay, TX
8 Bed, 9 Bath, 7635 Sqft, 0.58 Acres
Residential
Re/max Horseshoe Bay Resort Sa

REDUCED

402 Lighthouse Drive

$5,150,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 6737 Sqft, 0.33 Acres
Residential
Moreland Properties

REDUCED

101 Matern Court

$4,875,000

Horseshoe Bay, TX
7 Bed, 7 Bath, 5656 Sqft, 0.24 Acres
Residential
Kuper Sotheby's Int'l Realty

106 Bunny Run Lane

$4,500,000

Horseshoe Bay, TX
5 Bed, 7 Bath, 5824 Sqft, 0.63 Acres
Residential
Kuper Sotheby's Int'l Realty

3504 Pack Saddle Drive

$4,500,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 4000 Sqft, 1.22 Acres
Residential
The Carvajal Group

3612 Pack Saddle Drive

$4,300,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 4052 Sqft, 0.37 Acres
Residential
The Carvajal Group

405 The Trails Parkway

$3,995,000

Horseshoe Bay, TX
4 Bed, 6 Bath, 7223 Sqft, 1.42 Acres
Residential
Re/max Horseshoe Bay Resort Sa

2803 Ranch Road 2831

$3,695,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 4770 Sqft, 2.55 Acres
Residential
Re/max Horseshoe Bay Resort Sa

REDUCED

2807 Fault Line Drive

$3,495,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 3966 Sqft, 0.31 Acres
Residential
Hsb Real Estate, Llc

417 Haney Trace

$3,425,000

Horseshoe Bay, TX
5 Bed, 6 Bath, 4750 Sqft, 8.93 Acres
Residential
Keller Williams - Lake Travis

REDUCED

98 Wennmohs Place

$3,400,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 4497 Sqft, 0.64 Acres
Residential
Lpt Realty, Llc

REDUCED

101 Shadow Mountain

$3,295,000

Horseshoe Bay, TX
5 Bed, 6 Bath, 6988 Sqft, 0.55 Acres
Residential
Keller Williams - Lake Travis

REDUCED

111 Orange Plume

$2,995,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 5389 Sqft, 0.71 Acres
Residential
Hsb Real Estate, Llc

REDUCED

1043 Overlook Parkway

$2,995,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 5045 Sqft, 0.98 Acres
Residential
Keller Williams Realty

REDUCED

612 Overlook Parkway

$2,975,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 5103 Sqft, 1.08 Acres
Residential
Tommy Cokins, Broker

REDUCED

814 The Trails Parkway

$2,950,000

Horseshoe Bay, TX
4 Bed, 6 Bath, 4000 Sqft, 0.64 Acres
Residential
Bramlett Partners

444 La Serena Loop

$2,850,000

Horseshoe Bay, TX
5 Bed, 6 Bath, 4495 Sqft, 0.54 Acres
Residential
Hsb Real Estate, Llc

28140 State Highway 71 E

$2,850,000

Horseshoe Bay, TX
3 Bed, 2 Bath, 1064 Sqft, 49.5 Acres
Farm
Horseshoe Bay Living 2, Llc

166 Encantada

$2,800,000

Horseshoe Bay, TX
5 Bed, 6 Bath, 4595 Sqft, 0.85 Acres
Residential
Horizon Realty

5100 W Fm 2147 Road

$2,775,000

Horseshoe Bay, TX
3 Bed, 3 Bath, 3241 Sqft, 0.75 Acres
Residential
Mungia Real Estate

113 Wennmohs Place

$2,775,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 3218 Sqft, 0.34 Acres
Residential
Re/max Horseshoe Bay Resort Sa

146 Coral Berry

$2,750,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 4039 Sqft, 0.44 Acres
Residential
Re/max Horseshoe Bay Resort Sa

138 Coralberry

$2,500,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 3680 Sqft, 0.44 Acres
Residential
Horseshoe Bay Resort Realty

Lot G-1 Fm-2147

$2,450,000

Horseshoe Bay, TX
1.23 Acres
Land
Re/max Horseshoe Bay Resort Sa

REDUCED

205 Beaver Circle

$2,400,000

Horseshoe Bay, TX
4 Bed, 3 Bath, 2210 Sqft, 0.27 Acres
Residential
All City Real Estate

REDUCED

1309 Apache Tears

$2,350,000

Horseshoe Bay, TX
0.48 Acres
Land
The Marye Company

REDUCED

104 Orange Plume

$2,349,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 5612 Sqft, 0.72 Acres
Residential
Re/max Horseshoe Bay Resort Sa

REDUCED

3012 Driftwood Lane

$2,299,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 3158 Sqft, 0.31 Acres
Residential
Jbgoodwin Realtors Wl

701-b Hi Circle North Drive B

$2,250,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 3045 Sqft, 0.08 Acres
Residential
Horseshoe Bay One Realty

100 Beauty Berry

$2,244,020

Horseshoe Bay, TX
4 Bed, 5 Bath, 4234 Sqft, 0.72 Acres
Residential
Horseshoe Bay One Realty

101 Meadow Beauty

$2,150,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 4572 Sqft, 0.7 Acres
Residential
Re/max Horseshoe Bay Resort Sa

REDUCED

520 The Trails Parkway

$2,100,000

Horseshoe Bay, TX
5 Bed, 5 Bath, 4746 Sqft, 1.28 Acres
Residential
Horseshoe Bay Resort Realty

REDUCED

145 La Serena Loop

$1,999,000

Horseshoe Bay, TX
4 Bed, 4 Bath, 3962 Sqft, 0.79 Acres
Residential
Hsb Real Estate, Llc

REDUCED

100 Nattie Woods

$1,998,000

Horseshoe Bay, TX
4 Bed, 5 Bath, 4176 Sqft, 0.35 Acres
Residential
Horseshoe Bay One Realty

1301 Apache Tears

$1,995,000

Horseshoe Bay, TX
0.62 Acres
Land
Re/max Horseshoe Bay Resort Sa

Horseshoe Bay, Texas Lifestyle

The Resort and the Lake

The lake is the reason the city exists. Lake LBJ is a constant-level lake, held at a steady elevation year-round, which is what makes boathouses, personal watercraft and swim platforms a seven-day-a-week proposition here in a way they are not on Lake Travis, and Horseshoe Bay wraps around a deep bay of it with open water, protected coves and a network of channels cut for waterfront lots. The resort that gave the city its shape still anchors it, with the marina and yacht club that were among the first things built in the early 1970s, a hotel and conference operation that keeps restaurants and services running at a scale a town of 4,000 could not otherwise support, and a private airport that lets owners fly in directly. Club and resort access is by membership, which is separate from property ownership, a distinction that surprises buyers and belongs early in any conversation about a specific house.

The Golf Courses

Robert Trent Jones Sr. designed three courses here, and they are the spine of the community: Slick Rock, the original, opened in 1972 with its signature waterfall hole; Ram Rock, generally spoken of as the hardest of the three; and Apple Rock, laid along the lake with the water in view. Summit Rock, in the newer hilltop section of the same name, is a members-only Jack Nicklaus Signature course, and the neighborhoods around all four are organized golf-course-first, with fairway frontage, cart access and course views driving the lot map. As with the resort, playing rights come through membership rather than the deed, and which club arrangement fits a given buyer is a question to settle alongside the house.

Homes and Neighborhoods

Fifty years of build-out left a layered market. The original sections, called Horseshoe Bay Proper, West and South, hold the widest mix, from 1970s and 1980s lake houses to new customs on resale lots. Applehead Island is the gated island address on the open water; The Cape and The Waterlands run to channel and cove waterfront; Summit Rock is the hilltop golf section still adding custom homes; and The Trails, on the west end, is the large-acreage side of the market. Condominiums and townhomes cluster near the resort core and the marina. Just as importantly, Horseshoe Bay still has a deep inventory of platted lots, waterfront, fairway and interior, and lot sales are a major share of the market, so many buyers here are really choosing a builder and a homesite rather than a finished house.

Schools

The county line runs through the city, and the school district line runs with it. The Llano County side of Horseshoe Bay, which is most of it, is served by Llano ISD, while the Burnet County side belongs to Marble Falls ISD, whose own community list includes Horseshoe Bay South, so two addresses inside the same city, and sometimes inside the same section, can be zoned to different districts in different counties. Marble Falls ISD is a single-track district, four elementary zones into one middle and high school, and it passed a $172.2 million bond in May 2025. For any specific property, the district, and then the campus, should be confirmed on the appraisal record and the district's own map rather than a listing.

History

The land was the Coke Ranch, bought in the 1930s by the Lupton family of Fort Worth, Coca-Cola bottlers whose Quail Point lodge was the social center of the lakeshore long before there was a town. Cousins Norman and Wayne Hurd optioned the ranch in 1970, borrowed $4.7 million, and began building in 1971, starting with the marina, the yacht club, a lodge, an airstrip and the first golf course. The name came from Horseshoe Creek and the shape of the bay, and was settled, by the developers' own account, when Wayne Hurd picked a rusty horseshoe off the exposed lakebed during a deep drawdown of Lake LBJ. A utility district ran the growing community for three decades, and residents voted to incorporate as a city in 2005. The population went from 1,546 in 1990 to 3,337 in 2000 and 4,257 at the 2020 census, with a large share of the housing stock serving as second homes, which is why the market here is bigger than the population suggests.

For Buyers

Horseshoe Bay purchases carry three layers most Austin-area buyers have not dealt with. First, the lines: the city sits in two counties and two school districts, and it uses two ZIP codes, 78657 and 78654, so the county, the district and the taxing entities on a parcel are facts to pull from the appraisal record, not the address. Second, the memberships: resort, club and golf access are separate from ownership, waiting lists and categories change, and a house's value to you can depend on an arrangement that does not convey with it. Third, the water: even on a constant-level lake, dock and boathouse permits, channel dredging, bulkheads and the LCRA's shoreline rules belong in the option period, and the city regulates short-term rentals, with rules that differ by area, so verify before buying with rental plans.

Read the numbers with the market's shape in mind. Waterfront, golf homes, condominiums and raw lots all sit in one data set here, so a quarter's median tells you almost nothing about a specific property, and comparables should be drawn from the same category, the same water and the same membership situation. Association dues run at more than one level in several sections, and many homes trade furnished. Finally, verify your own address, including against any general description like this one. If you would like one of our Horseshoe Bay Realtors to confirm the district, the shoreline permissions and the membership picture for a specific property, or to compare Horseshoe Bay with Marble Falls and Granite Shoals on the same lake, reach out and we will set up a call. The community's origin story is in the Handbook of Texas.

By: Jim Olenbush
Area information last updated: August 2026