— bed, — bath on 5.05 acres in Horseshoe Bay. Horseshoe Bay, TX 78657. $995,000. Llano ISD.
About This Home
Rare opportunity to own a gorgeous 5+acre estate lot in the Trails of Horseshoe Bay. If you are looking for space, privacy, and beauty; this piece of property has it all. Only a handful of properties in the Trails were platted with this much acreage and the ability to keep horses on your own lot. This property is largely surrounded by wet weather creeks which care for beautiful mature oak trees throughout. Previous owner's improvements include clearing/leveling and addition of gravel road with culvert. This property is already prepped for your hill country dream home. You will not find anything else like this in Horseshoe Bay; acreage property with direct access to Lake LBJ.
The Trails community is a nature lover's paradise, offering over 500 feet of waterfront common area exclusively for property owners. Nestled among 300 acres of wildlife preserve, you'll enjoy miles of secluded hiking paths, horse riding trails, an equestrian center, playground, first-class clubhouse, and private marina with covered boat slips.
Located just 45 miles northwest of Austin in Horseshoe Bay, this gated community provides serenity and privacy while remaining close to first-class golf courses, resort amenities, and a private airport/jet center. Here, you can enjoy ranch style living without all the maintenance of owning a large ranch!
Lot 118 Overlook Parkway in The Trails of Lake LBJ Phase 1 represents a rare offering in Horseshoe Bay: a 5.05-acre estate parcel already prepared for construction. This is one of only a handful of properties in The Trails platted with sufficient acreage to keep horses on your own land while maintaining direct access to Lake LBJ.
The property sits behind a secured gate that anchors The Trails' private community entrance. The driveway, already graded and improved with a culvert crossing, winds through mature oak trees that line wet weather creeks running naturally across the lot. The previous owner completed the heavy lifting of land clearing and leveling, removing the typical infrastructure obstacles that slow Texas Hill Country development. You drive through a landscape already shaped for your vision rather than raw terrain requiring extensive grading.
The grounds showcase the characteristic beauty of Hill Country estate properties. Mature native oaks are scattered throughout the 5.05 acres, their root systems nourished by the wet weather creeks that meander across the lot. These aren't decorative plantings; they're established specimens that have grown for decades. The cul-de-sac positioning eliminates through-traffic, creating a private terminus where your home will command views across undisturbed landscape.
The Trails itself is a 300-acre gated community that functions as a manicured country estate at scale. Residents access over 500 feet of exclusive Lake LBJ waterfront through a common area, along with miles of equestrian trails, hiking paths maintained for regular use, and a working equestrian center. The community marina includes covered boat slips for the lake access you've purchased proximity to. The clubhouse and playground serve the 45-minute commute northwest from downtown Austin as a self-contained lifestyle rather than a bedroom community.
The property sits within Llano ISD, with Packsaddle Elementary, Llano Middle School, and Llano High School serving the area. Nearby employer corridors including Dell and Apple operations in central Austin remain accessible for professionals who value Hill Country living without complete professional isolation.
At $995,000 for 5.05 acres of improved, gate-accessed estate land with lake community amenities and equestrian capability, this lot captures the specific intersection most Hill Country buyers pursue: privacy measured in acreage, infrastructure already addressed, and established mature landscape waiting for your custom home.
The numbers behind this insight
- Offered at
- $995,000
- Listed
- June 3, 2026
- Property Type
- Land
- Lot Size
- 5.05 acres
- HOA
- $2,396/year
Listing information last updated June 4, 2026.
Listed by Robyn Walsh, Broker
MLS# 9787074 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Cleared
- Cul-De-Sac
- Many Trees
- Views
- Lot Size
- 5.05 Acres
- Lake Privileges
Financial
- HOA Fee
- $2,396 / year
- Original List Price
- $995,000
Utilities
- Cable Available
- Electricity Available
- High Speed Internet
- Phone Available
- Propane
- Sewer Available
- Underground Utilities
- Water Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at Lot 118 Overlook PKWY, whoever represented it.
- ActiveListed 2026Current price: $995,000Original list: $995,000MLS 9787074
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $995,000
- Original list
- $995,000
- Price movement
- No verified reduction
- Listed / DOM
- Jun 3, 2026 · 134 days
Virtual Tour

Zoned Schools
Llano ISD
Llano
Llano
Packsaddle
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 2026-10-15T13:32:04.806+00:00; normalized from annual dues.
20% ($199K)
Adjustable assumption - not a lending recommendation.
$995,000
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Keenan Market Position
A sourced read on Horseshoe Bay pricing, timing, and property scale. No automated valuation claim.
List price
$995,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
134 days
Original to current
No verified reduction
$995K 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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