3 bed, 2 bath, 2,170 sqft on 0.03 acres in Horseshoe Bay. Horseshoe Bay, TX 78657. $1,350,000. Llano ISD.
About This Home
Wonderful waterfront condo at Portofino within Horseshoe Bay community. Two bedroom, 2.5 bath, 3 living areas. Two of the living areas are and can also be used as bedrooms. Large balcony overlooking Lake LBJ with dual boat slips with lifts. Shared use of swimming dock and courtyard. Covered parking garage under complex. Walking distance to Horseshoe Bay Resort amenities
Watching the sun drop behind the hills from your balcony at 103 Island Dr Unit 8 in Horseshoe Bay, Horseshoe Bay, you'll understand why this waterfront condo at $1.43M has become the social centerpiece for lakeside entertaining. The 2,170 square feet spans three bedrooms and 2.5 baths, but what matters is the flow. Your kitchen opens directly to the deck, letting you move seamlessly from prepping appetizers to greeting guests as the sky turns gold above Lake LBJ. The stone counters and electric cooktop give you real cooking space, and the vaulted ceilings create that open-air feeling even when you're inside.
The balcony is the real star. Dual boat slips with lifts sit directly below, so your guests arrive by water as easily as by car. The shared swimming dock extends your summer calendar deep into fall, and the uncovered courtyard provides overflow space for those gatherings that naturally expand beyond what you planned. Three separate living areas give you flexibility - one for cocktails, one for conversation, one for quieter moments. The Murphy bed in one living space means you can sleep guests without sacrificing entertaining room.
Horseshoe Bay sits about 45 minutes from Austin's tech corridor and just over an hour from downtown, making this a genuine escape rather than a commute. The Llano Independent School District serves the area, with Llano Elementary, Llano Middle, and Llano High anchoring the community. The Horseshoe Bay development itself connects you to Horseshoe Bay Resort amenities, adding another layer of social infrastructure.
Built in 1975 with recent updates including new appliances and finishes, the condo carries none of the rough edges of older waterfront properties. Tile and carpet flooring handle the inevitable splash-back from lake life. Covered parking protects your car from the hill country sun.
For someone who measures a home's worth by the gatherings it hosts, by the friends who return year after year to watch sunsets from your deck, by the stories that start "remember that night on the lake" - this is the property that delivers. Lake LBJ waterfront with dock access, entertaining flow, and the freedom to gather well past sunset.
The numbers behind this insight
- Offered at
- $1,350,000
- Listed
- March 24, 2026
- Price changes
- 1, down 5.3% from $1,425,000
- Asking price per sq ft
- $622
- Property Type
- Residential
- Year Built
- 1975
- Lot Size
- 0.03 acres
- Price / Sq Ft
- $622
- HOA
- $5,425/year
Listing information last updated June 16, 2026.
Listed by Investex Real Estate LLC
MLS# 2101092 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling-Vaulted
- Stone Counters
- Multiple Living Areas
- Murphy Bed
- Pantry
- Walk-In Closet(s)
- Dishwasher
- Disposal
- Dryer
- Electric Cooktop
- Electric Range
- Microwave
- Electric Oven
- Plumbed For Ice Maker
- Refrigerator
- Washer
- Electric Water Heater
- Carpet
- Tile
- Heating
- Central,Electric
- Cooling
- Central Air,Electric,Multi Units
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Boat Dock - Shared
- Boat Lift
- Boat Slip
- Uncovered Courtyard
- Exterior Steps
- Brick
- Concrete
- Frame
- Stucco
- Views
- Slab
- Deck
- Roof
- Metal
- Lot Size
- 0.03 Acres
- Asphalt
- Common
- Covered
- Lake Front
- Waterfront
Financial
- HOA Fee
- $5,425 / year
- Original List Price
- $1,425,000
- Price per Sq Ft
- $622
Utilities
- Electricity Connected
- High Speed Internet
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 103 Island DR Unit #8, whoever represented it.
- ActiveListed 2026Current price: $1,350,000Original list: $1,425,000MLS 2101092
- Listed · March 24, 2026$1,425,000
- Price changed · June 16, 2026$1,350,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,350,000
- Original list
- $1,425,000
- Price movement
- $75K reduction
- Listed / DOM
- Mar 24, 2026 · 205 days
Zoned Schools
Llano ISD
Llano
Llano
Llano
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T13:32:02.87+00:00; normalized from annual dues.
20% ($270K)
Adjustable assumption - not a lending recommendation.
$1,350,000
Luxury property intelligence
Keenan Market Position
A sourced read on Horseshoe Bay pricing, timing, and property scale. No automated valuation claim.
List price
$1,350,000
Price per sqft
$622/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
205 days
Original to current
$75K reduction
$1.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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