204 Blue Waters DR, Horseshoe Bay TX 78657

Horseshoe Bay, TX 78657 | Blue Lake Estates

Ed's Opinion of Value

$742,359 Ed's Estimate: $1,098,554 $2,271,369
Lowest Comp Recommended List: $480,000 to $490,000 Highest Comp
Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,098,554. To generate strong buyer interest while maximizing value, I'd price this between $480,000 and $490,000. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in BLUE LAKE ESTATES. The 1964 construction puts this home 34 years older than the comp average, a factor in the pricing. At 0.71 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in BLUE LAKE ESTATES; a buyer's market based on recent absorption. The trend in 78657 shows prices have fallen 29.8% in the past 6 months. 111 Big Sky, Horseshoe Bay TX 78657 nearby adjusts to $988,833; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group
4 Beds
3 Baths 3 Full
2,704 Sq Ft
0.71 Acres
1964 Built
2 Garage

About This Property

Rare opportunity to own this fabulous waterfront home and boathouse on a wide deep water cove in Blue Lake Estates with spectacular northeast facing views of Lake LBJ. The owners spared no expense and took the original home down to the studs in 2016. Their contractor and interior design team created a contemporary style four bedroom, 3 bath home with light and airy interior finishes that are both beautiful, yet livable. The renovation was a labor of love by the current owners who wanted to keep the authenticity of the original house while creating a modern and comfortable home. The home was featured in the 2017 Hill Country Parade of Homes and won top awards in 5 categories including Best Craftmanship and Best Overall Interior Design. All mechanical, electrical and plumbing systems were replaced, as well as exterior siding, stonework and windows. In 2019, a steel frame air conditioned boathouse and dock were built. This includes 2 boat lifts, 2 jet ski lifts, half bath and storage room downstairs and a 533 sq. ft. apartment with a full bath and kitchenette and large deck upstairs. The home is being sold furnished with a few minor exceptions and includes wakeboarding and water toy equipment, a MasterCraft X23 surf sport boat, 2 Sea Doo jet skis, and a custom 6 person Club Car Precedent golf cart. Blue Lake Estates is a small community boasting a unique 9 hole golf course and annual July 4th firework celebration. This is a special home with all the extras that you don’t want to miss! Note: square footage total includes boathouse apartment.

Features

  • Bookcases
  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Beamed Ceilings
  • Cathedral Ceiling(s)
  • Quartz Counters
  • Double Vanity
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • Entrance Foyer
  • High Speed Internet
  • Interior Steps
  • Kitchen Island
  • Natural Woodwork
  • Open Floorplan
  • Pantry
  • Recessed Lighting
  • Smart Thermostat
  • Storage
  • Walk-In Closet(s)
  • Washer Hookup
  • Wet Bar

Location

Schools

School District Llano ISD
Elementary Packsaddle
Middle School Llano
High School Llano

Property Details

Property Type Residential
Flooring No Carpet, Stone, Tile, Wood
Cooling Ceiling Fan(s), Central Air, Electric, Heat Pump
Heating Central, Electric, Fireplace(s), Heat Pump
Exterior Balcony, Boat Lift, Boat Ramp, Boat Slip, Gutters Full, Outdoor Grill, Private Yard
County Llano
MLS # 8247884

Parking

Garage 2 spaces

HOA & Community

HOA Fee $466 /Annually
HOA Includes Common Area Maintenance

Tax Information

Annual Taxes $18,537 (2025)

Listing History

MLS# 8247884 - Updated Apr 7, 2026 56 days
Aug 14, 2025 Off Market
Jun 1, 2025 Listed $2,950,000

Frequently Asked Questions About 204 Blue Waters DR, Horseshoe Bay TX 78657

When was 204 Blue Waters DR, Horseshoe Bay TX 78657 built?

204 Blue Waters DR, Horseshoe Bay TX 78657 was built in 1964.

How much does 204 Blue Waters DR, Horseshoe Bay TX 78657 cost?

204 Blue Waters DR, Horseshoe Bay TX 78657 sold on August 14, 2025. Contact us for sale price details.

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