Lake LBJ Real Estate

Lake LBJ is the constant-level lake of the Highland Lakes, held within about a foot of full while Travis and Buchanan rise and fall, and its shoreline carries mile after mile of bulkheaded, dock-lined waterfront — golf-course sections at Horseshoe Bay, 1960s lake lots in Granite Shoals, open water and Llano River frontage around Kingsland. Read more about Lake LBJ real estate below.

Lake LBJ Waterfront Homes for Sale

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

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

136 S Shorewood Drive

$6,500,000

Granite Shoals, TX
7 Bed, 7 Bath, 8561 Sqft, 0.99 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

84 Applehead Island Drive

$5,495,000

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

151 Applehead Island Drive

$5,395,000

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

1621 Legends Parkway

$5,290,000

Kingsland, TX
5 Bed, 4 Bath, 3991 Sqft, 3 Acres
Residential
Homezu.com Of Texas

REDUCED

402 Lighthouse Drive

$5,150,000

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

REDUCED

2510 Belaire East Lane

$4,950,000

Granite Shoals, TX
6 Bed, 7 Bath, 6181 Sqft, 0.58 Acres
Residential
The Carvajal Group

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

REDUCED

121 Houdini Way

$4,299,000

Kingsland, TX
6 Bed, 6 Bath, 4814 Sqft, 0.43 Acres
Residential
Keller Williams Heritage

NEW

3204 River Oaks Drive

$4,199,500

Kingsland, TX
8 Bed, 9 Bath, 6103 Sqft, 0.34 Acres
Residential
Stepstone Realty Llc

360 Campa Pajama Lane

$3,995,000

Kingsland, TX
3 Bed, 4 Bath, 3476 Sqft, 1.47 Acres
Residential
Re/max Horseshoe Bay Resort Sa

1131 N Shorewood Drive

$3,995,000

Granite Shoals, TX
4 Bed, 5 Bath, 3626 Sqft, 0.45 Acres
Residential
Moreland Properties

140 Riverbend

$3,875,000

Kingsland, TX
6 Bed, 5 Bath, 4186 Sqft, 0.17 Acres
Residential
Lake It Easy Realty, Llc

REDUCED

613 Lake Street

$3,695,000

Kingsland, TX
5 Bed, 7 Bath, 4472 Sqft, 0.29 Acres
Residential
Stepstone Realty Llc

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

3120 River Oaks Drive

$3,650,000

Kingsland, TX
6 Bed, 6 Bath, 4702 Sqft, 1 Acre
Residential
Exp Realty, Llc

REDUCED

204 Hannahs Way

$3,550,000

Burnet, TX
6 Bed, 5 Bath, 4390 Sqft, 0.29 Acres
Residential
Kuper Sotheby's Int'l Realty

REDUCED

703 Woodland Hills Drive

$3,500,000

Granite Shoals, TX
4 Bed, 5 Bath, 3700 Sqft, 0.64 Acres
Residential
Kuper Sotheby's Int'l Realty

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

REDUCED

98 Wennmohs Place

$3,400,000

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

1298 Euel Moore Drive

$3,300,000

Kingsland, TX
5 Bed, 6 Bath, 4219 Sqft, 0.24 Acres
Residential
Keller Williams - Lake Travis

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

327 Mountain View Drive

$3,200,000

Sunrise Beach, TX
3 Bed, 3 Bath, 2680 Sqft, 0.53 Acres
Residential
Horseshoe Bay One Realty

3208 River Oaks Drive

$3,199,500

Kingsland, TX
6 Bed, 6 Bath, 4254 Sqft, 0.34 Acres
Residential
Stepstone Realty Llc

1450 Fm 2342

$2,999,900

Kingsland, TX
2 Bed, 1 Bath, 1001 Sqft, 20.15 Acres
Residential
Keller Williams Heritage

REDUCED

171 Pointview Drive

$2,795,000

Granite Shoals, TX
5 Bed, 5 Bath, 3847 Sqft, 0.11 Acres
Residential
Keller Williams Heritage

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

REDUCED

1104 Impala Drive

$2,750,000

Granite Shoals, TX
5 Bed, 6 Bath, 3561 Sqft, 0.01 Acres
Residential
Epperson Realty Group Llc

REDUCED

100 S Waterway Drive

$2,744,444

Kingsland, TX
5 Bed, 6 Bath, 4140 Sqft, 0.01 Acres
Residential
Re/max Preferred, Realtors

REDUCED

806 Misty Downs Drive

$2,700,000

Granite Shoals, TX
4 Bed, 3 Bath, 3626 Sqft, 0.21 Acres
Residential
Compass Re Texas, Llc

REDUCED

104 River Ranch Road

$2,695,000

Kingsland, TX
4 Bed, 3 Bath, 3031 Sqft, 1 Acre
Residential
Modus Real Estate

REDUCED

241 Lazy Oaks Lane

$2,677,000

Kingsland, TX
7 Bed, 8 Bath, 5135 Sqft, 0.55 Acres
Residential
Horseshoe Bay Living 2, Llc

REDUCED

131 Primera Court

$2,575,000

Burnet, TX
4 Bed, 5 Bath, 3554 Sqft, 1.13 Acres
Residential
Wes Campbell

REDUCED

14 Beaver Island

$2,550,000

Granite Shoals, TX
4 Bed, 4 Bath, 3506 Sqft, 0.35 Acres
Residential
Kuper Sotheby's Int'l Realty

REDUCED

402 South Shorewood Drive

$2,495,000

Granite Shoals, TX
4 Bed, 5 Bath, 4344 Sqft, 0.48 Acres
Residential
Kuper Sotheby's Int'l Realty

Lake LBJ Lifestyle

A Constant-Level Lake

The six Highland Lakes divide into two kinds. Buchanan and Travis are the region's water-supply reservoirs, and their levels swing with drought and rain. Lake LBJ — along with Inks, Marble Falls and Austin — is a pass-through lake with no storage job to do, so the Lower Colorado River Authority holds it near its full elevation of 825 feet, typically within about a one-foot range. That steadiness is why the shoreline built out the way it did: fixed docks, boathouses and bulkheads work here in a way they cannot on a lake whose water's edge moves, and it is the main reason waterfront on this lake is priced and used differently from waterfront on Lake Travis.

Two facts belong next to that. LCRA periodically lowers the pass-through lakes — now on a fall schedule — so owners can repair docks, retaining walls and shoreline while the lakebed is exposed. And constant-level does not mean flood-proof: the lake passes Colorado and Llano river floodwater through, as it did in October 2018, when a historic Llano River crest destroyed the RM 2900 bridge at Kingsland (its replacement opened in May 2019), and again in July 2025, when LCRA opened floodgates at Wirtz and Starcke dams and advised staying off the lakes for several days while debris cleared.

The Cities Around the Lake

Horseshoe Bay anchors the south shore — a resort city spanning the Llano-Burnet county line, with four golf courses and named waterfront sections such as Applehead Island, The Cape and The Waterlands that behave almost like separate markets. Granite Shoals runs along the eastern shore and is the volume end of the lake: thousands of small lots platted in 1962, nineteen city parks with fifteen of them on the water, and a steady trade in rebuilds and lot assembly. Kingsland sits at the top of the lake where the Llano River meets the Colorado, an unincorporated community that itself spreads across the Llano-Burnet county line. On the Llano County side of the main basin, Sunrise Beach Village, a small city incorporated in 1973, keeps its own string of public waterfront parks, and the small city of Highland Haven sits on the Burnet County shore near Granite Shoals. Marble Falls, five miles east of Wirtz Dam, and Burnet, up US 281, are the service towns for the whole lake — groceries, the hospital and most of the area's school campuses.

Open Water, Coves and Channels

Waterfront on Lake LBJ is not one product. Open-water frontage on the main body takes boat traffic and wake but carries the big views and the deep water. Cove lots trade view for protection and calmer swimming. Channel and canal lots — common in Granite Shoals and parts of Kingsland — put a boat slip at the back door at a lower price of entry, with water depth that varies cut by cut. The Llano arm above Kingsland behaves more like river than lake. Two listings at the same price can sit on very different water, and the difference does not photograph well; it is worth idling the shoreline by boat before choosing between them.

On the Water

The steady level made Lake LBJ the water-sports lake of the chain, and summer weekends on the main basin run accordingly; the coves and the river arm stay quieter. Most Highland Lakes shoreline is privately owned, so public access runs through the lake towns: Granite Shoals' park system puts eight boat ramps on the water, Sunrise Beach Village maintains its own waterfront parks, and marinas around the lake handle storage, fuel and service. Golfers have four courses at Horseshoe Bay, where club and resort access is by membership, separate from the deed.

Schools Around the Lake

No single school district serves Lake LBJ, and the lines do not follow the water. Granite Shoals lies entirely within Marble Falls ISD, with Highland Lakes Elementary inside the city and the middle and high schools in Marble Falls. Horseshoe Bay splits on the county line inside one city: the Llano County side is served by Llano ISD, while the Burnet County side — the area the district itself lists as Horseshoe Bay South — is Marble Falls ISD. Kingsland splits at least three ways: Llano ISD serves the core of the community, Burnet CISD reaches the Burnet County side including the Legends area, and a sliver falls to Marble Falls ISD. Highland Haven appears on Marble Falls ISD's own community list. District assignment around this lake cannot be assumed from a mailing address or a listing remark — verify any specific property directly with the district.

History

The dam that made the lake was completed in 1951 as Granite Shoals Dam, named for the granite outcrops in the riverbed it submerged, and later renamed for Alvin J. Wirtz, the LCRA's first general counsel. The lake carried the Granite Shoals name too until April 1965, when it was renamed for President Lyndon B. Johnson in recognition of his work in Congress to develop the dams that electrified the Hill Country. Johnson kept a ranch on the lake and brought national and foreign guests out on the water during his vice presidency and presidency, which is a fair part of why the new name took. The namesake shoals are still down there; like the falls beneath Lake Marble Falls, they hint back into view only when LCRA draws the lake down.

For Buyers

There is no Lake LBJ city value in the MLS. Waterfront inventory files under Horseshoe Bay, Granite Shoals, Kingsland, Sunrise Beach and Highland Haven, and some Colorado-arm waterfront even carries a Burnet address; within those cities it files again under section names like Applehead Island or The Trails. A single-name search will miss most of the lake. The listings above draw from the communities around the lake for exactly that reason.

Waterfront diligence here runs through the LCRA as much as the county. Docks and other over-water structures must meet LCRA's residential dock standards, owning the bank does not automatically mean owning the submerged land beneath an existing dock, and city and property-owner-association rules stack on top of the LCRA's — so before you count on a dock, or on replacing one, verify its status. Carrying costs vary as widely as the waterfront: club membership at Horseshoe Bay is separate from the deed, association dues differ section by section, and much of the older shoreline runs on septic. Short-term rental rules are set city by city and differ around the lake, so verify before underwriting rental income. And confirm school district and flood status by address rather than by any general description — including this one. To be connected with one of our Lake LBJ Realtors, reach out and we will set up a call.

By: Jim Olenbush
Area information last updated: August 2026