Waterfront investment opportunity in the heart of Horseshoe Bay Resort! Unit 602 at Cape Terrace offers fully furnished, single-level living with panoramic views of Lake LBJ and the Horseshoe Bay Marina. This beautifully updated 2-bedroom condo features a spacious open living area with water views from nearly every angle and a fabulous covered back porch perfect for morning coffee or sunset evenings. Located just steps from world-class resort amenities, this gated community allows short-term rentals, and the unit has a strong VRBO rental history with consistent bookings. Exclusive day docks are conveniently located just below the back deck, making lake days effortless. Walk to the Yacht Club, Marina, Spa, Hotel, and dining — and enjoy access to the only floating pool in North America. Whether you’re seeking an income-producing property or the perfect weekend escape, this Lake LBJ condo checks every box.
For sale
Price cut: $29K (5/13)
$450,000
1100 The Cape #602, Horseshoe Bay, TX 78657
2beds
837sqft
:
Get pre-qualified$3,180/mo
Condominium, Residential
Built in 1986
-- sqft lot
$433,000 Zestimate®
$538/sqft
$172/mo HOA
What's special
Gated communityFully furnishedSingle-level livingFabulous covered back porch
- 154 days |
- 180 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Kristen A Ribera 512-779-3332,
My Texas Home Broker
Source: HLMLS as distributed by MLS GRID,MLS#: 176797
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Kitchen, Living Room, Utility Room Inside, Main Level Master Bdrm
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Washer Hookup, Electric Water Heater
Features
- Bonus Bath, Breakfast Bar
- Flooring: Hard Tile, Hardwood
- Number of fireplaces: 1
- Fireplace features: One
Interior area
- Total structure area: 837
- Total interior livable area: 837 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Fencing: None
- Has view: Yes
- View description: Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Cove, Lake LBJ
- Frontage length: 8
Details
- Parcel number: 021525
Construction
Type & style
- Home type: Condo
- Architectural style: Bungalow,Cottage
- Property subtype: Condominium, Residential
Materials
- Wood Siding, Stone
- Roof: Tile
Condition
- Year built: 1986
Utilities & green energy
Green energy
- Energy efficient items: Ceiling Fan(s)
Community & HOA
Community
- Subdivision: Cape Terc Twnhm
HOA
- Has HOA: Yes
- Services included: Trash, Other
- HOA fee: $2,060 annually
Location
- Region: Horseshoe Bay
Financial & listing details
- Price per square foot: $538/sqft
- Tax assessed value: $542,310
- Annual tax amount: $7,258
- Date on market: 3/4/2026
- Road surface type: Paved
Estimated market value
$433,000
$411,000 - $455,000
$1,689/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Price change | $450,000-6.1%$538/sqft |
Source:  HLMLS as distributed by MLS GRID #176797 Report a problem | ||
| 4/15/2026 | Price change | $479,000-3.5%$572/sqft |
Source: HLMLS as distributed by MLS GRID #176797 Report a problem | ||
| 3/4/2026 | Listed for sale | $496,500$593/sqft |
Source: HLMLS as distributed by MLS GRID #176797 Report a problem | ||
| 9/15/2025 | Listing removed | $496,500$593/sqft |
Source: HLMLS as distributed by MLS GRID #170296 Report a problem | ||
| 9/11/2024 | Listed for sale | $496,500$593/sqft |
Source: HLMLS as distributed by MLS GRID #170296 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,258 +1.5% | $542,310 |
| 2024 | $7,148 +8.6% | $542,310 +10.1% |
| 2023 | $6,581 +16.1% | $492,460 +32.4% |
| 2022 | $5,670 -0.4% | $371,990 +2.7% |
| 2021 | $5,693 +25.4% | $362,090 +28.7% |
| 2020 | $4,539 | $281,260 +2.7% |
| 2019 | -- | $273,860 +1.7% |
| 2018 | $4,661 | $269,350 +16.8% |
| 2017 | -- | $230,590 +15.5% |
| 2016 | -- | $199,730 +14.8% |
| 2015 | -- | $173,980 +3.9% |
| 2014 | -- | $167,520 |
| 2013 | -- | $167,520 -2% |
| 2012 | -- | $170,890 -1.9% |
| 2011 | -- | $174,220 -1.3% |
| 2010 | -- | $176,530 -8% |
| 2009 | -- | $191,850 +16.5% |
| 2008 | -- | $164,680 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78657
Nearby schools
GreatSchools rating
- 4/10Packsaddle Elementary SchoolGrades: PK-5Distance: 8.5 mi
- 6/10Llano Junior High SchoolGrades: 6-8Distance: 22.5 mi
- 6/10Llano High SchoolGrades: 9-12Distance: 22.8 mi
- $453,1002 bd2 ba923 sqft1100 The Cape #702, Horseshoe Bay, TX 78657Off Market
- $421,0002 bd2 ba917 sqft1100 The Cape #602, Horseshoe Bay, TX 78657Off Market
- $575,0003 bd3 ba1.1k sqft1100 The Cape Rd #803, Horseshoe Bay, TX 78657For Sale
- $503,6003 bd2 ba1.1k sqft1100 The Cape #703, Horseshoe Bay, TX 78657Off Market
- $550,0002 bd2 ba923 sqft1100 The Cpe #801, Horseshoe Bay, TX 78657For Sale
- $475,3002 bd2 ba837 sqft1100 The Cpe #501, Horseshoe Bay, TX 78657Off Market
- $338,7001 bd1 ba646 sqft1100 The Cpe #102, Horseshoe Bay, TX 78657Off Market
- $485,600-- bd1 ba1.2k sqft1100 The Cpe #302, Horseshoe Bay, TX 78657Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Similar homes
- $490,0002 bd2 ba1.1k sqft1000 The Cape #65 Road, Horseshoe Bay, TX 78657For Sale
MLS ID #177359, Jim R Hollis, Austin Homes, REALTORS. HLMLS as distributed by MLS GRID - $490,0002 bd2 ba1.1k sqft1000 The Cape Rd #65, Horseshoe Bay, TX 78657Active
MLS ID #1789061, Jeff Kessler, Austin Homes, REALTORS. Unlock MLS - $365,0002 bd1 ba857 sqft509 Short Circuit #104, Horseshoe Bay, TX 78657For Sale
MLS ID #176802, Gretchen Adam, RE/MAX HORSESHOE BAY RESORT SA. HLMLS as distributed by MLS GRID - $575,0003 bd2 ba1.1k sqft1100 The Cape, Horseshoe Bay, TX 78657For Sale
MLS ID #178366, Kale G Stephens, Horseshoe Bay Living 2, LLC. HLMLS as distributed by MLS GRID - $575,0003 bd3 ba1.1k sqft1100 The Cape Rd #803, Horseshoe Bay, TX 78657ActiveMLS ID #8988951, Kale Stephens, Horseshoe Bay Living 2, LLC. Unlock MLS
- $425,0001 bd1 ba816 sqft98 Island Drive #41, Horseshoe Bay, TX 78657For SaleMLS ID #178396, Della Debbas, Horseshoe Bay Resort Realty. HLMLS as distributed by MLS GRID
- $425,0001 bd1 ba759 sqft1000 The Cape Rd #66, Horseshoe Bay, TX 78657ActiveMLS ID #6013495, Brigitte Nolen, Horseshoe Bay ONE Realty. Unlock MLS
- $425,0001 bd1 ba759 sqft1000 The Cape Rd, Horseshoe Bay, TX 78657For SaleMLS ID #175008, Leah C Santry, Horseshoe Bay ONE Realty. HLMLS as distributed by MLS GRID
- $550,0003 bd2 ba1.1k sqft104 Cove E #102, Horseshoe Bay, TX 78657For SaleMLS ID #177055, Becca Berry, Coleman Team Realty, LLC. HLMLS as distributed by MLS GRID
- $550,0001 bd2 ba1.1k sqft101 Island Dr, Horseshoe Bay, TX 78657ActiveMLS ID #4983282, Brooke LeMond, Keller Williams Heritage. Unlock MLS
- $559,0003 bd2 ba1.1k sqft104 Cove E, Horseshoe Bay, TX 78657For SaleMLS ID #176926, Lance D Brumfield, Horseshoe Bay ONE Realty. HLMLS as distributed by MLS GRID
- $550,0001 bd2 ba1.1k sqft101 Island #F Drive, Horseshoe Bay, TX 78657For SaleMLS ID #177203, Brooke E LeMond, Keller Williams Heritage. HLMLS as distributed by MLS GRID
- $339,0001 bd1 ba664 sqft1100 The Cape #201, Horseshoe Bay, TX 78657-0000For SaleMLS ID #176710, Micha S Osloond, Horseshoe Bay Living 2, LLC. HLMLS as distributed by MLS GRID
- $399,9001 bd1 ba759 sqft1000 The Cape Rd Unit 36, Horseshoe Bay, TX 78657For SaleKuper Sotheby's International Realty
- $399,0001 bd1 ba759 sqft1001 The Cape #46, Horseshoe Bay, TX 78657For SaleMLS ID #171623, Kimberley Parten, Horseshoe Bay Resort Realty. HLMLS as distributed by MLS GRID
- $399,0001 bd1 ba759 sqft1001 The Cape Rd Unit 46, Marble Falls, TX 78657ActiveMLS ID #4534405, Kim Parten, Horseshoe Bay Resort Realty. Unlock MLS
- $345,0001 bd1 ba816 sqft96 Island #46 Drive, Horseshoe Bay, TX 78657For SaleMLS ID #177976, Will Gilliam, Lake Life Team-eXp Realty. HLMLS as distributed by MLS GRID
- $375,0001 bd1 ba647 sqft103 Island Drive #1, Horseshoe Bay, TX 78657For SaleMLS ID #178111, Casey McBurney, Horseshoe Bay Resort Realty. HLMLS as distributed by MLS GRID
- $375,0001 bd1 ba647 sqft103 Island Drive #2, Horseshoe Bay, TX 78657For SaleMLS ID #178113, Casey McBurney, Horseshoe Bay Resort Realty. HLMLS as distributed by MLS GRID
- $400,0002 bd2 ba1.2k sqft100 Bay Point Drive, Horseshoe Bay, TX 78657-9999For SaleMLS ID #175076, Patricia Gillean, Horseshoe Bay ONE Realty. HLMLS as distributed by MLS GRID
