
120 Applehead Island Dr. presents a striking Mediterranean-inspired estate with panoramic open-water views and an effortless, elevated lakefront lifestyle. Arched passageways, stone columns, and hand-hewn wood beams showcase timeless architecture that extends warmth and character throughout the home. Inside, the main living spaces unfold in a dramatic, multi-level design where light and water take center stage. Here, the living room, dining area, kitchen, and lounge are seamlessly connected, providing an open setting for gathering and entertaining. Suited for intimate evenings or large celebrations, the island kitchen flows naturally into the living and multiple dining areas. The main-level primary suite offers a private retreat with patio access, his & her closets, and spacious bath while the impressive game room creates a natural extension of the home’s central gathering spaces. Guest suites, bunk accommodations, a media room, and two dedicated offices provide flexibility for hosting across generations. Outdoors, terraces and covered patios extend toward the water, where a resort-style pool, cascading waterfall, and spa overlook Lake LBJ. Evenings settle in beside the outdoor fireplace on the covered patio, while days begin just steps away at the private boat slip, offering immediate access to the constant-level waters of Lake LBJ. Within the gates of this exclusive waterfront community, 120 Applehead Island Dr. is more than a home - it is a place to gather and return to for years to come.
Property Type
Residential
Year Built
1996
Lot Size
0.31 acres
$/Sq Ft
$1,025
HOA
$5125/mo
Garage
8 spaces
Pool
Yes
Listed by RE/MAX HORSESHOE BAY RESORT SA
Verified property facts
120 Applehead Island Dr is listed at $6,495,000 with 5 bedrooms, 5 full, 2 half bathrooms, 6,334 square feet, 0.31-acre lot. This places it above the 78657 median of $1,318,000.
120 Applehead Island Dr is zoned for Llano ISD with assigned schools: Llano (elementary), Llano (middle), Llano (high). School assignments should be verified directly with the district.
120 Applehead Island Dr is a Residential built in 1996 featuring 5 bedrooms, 5 full, 2 half bathrooms, 6,334 square feet, 0.31-acre lot.
120 Applehead Island Dr is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 120 Applehead Island Dr is $57,735. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Listed with current price, original ask, and market time.

Llano ISD
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.
20% ($1.3M)
$6,495,000
Luxury property intelligence
A sourced read on Applehead Island pricing, timing, and property scale. No automated valuation claim.
List price
$6,495,000
Price per sqft
$1,025/sqft
Vs. Applehead Island median
Not available
Days on market
61 days
Original to current
No verified reduction
$6.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 12, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($1,299,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 120 Applehead Island Dr is around $38,512 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $6,495,000, 120 Applehead Island Dr is in the Applehead Island market where there are currently 149 active listings in 78657.
120 Applehead Island Dr includes verified waterfront access. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
120 Applehead Island Dr is part of a managed community with HOA dues of $5,125 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
1 event on record
Current Price
$6,495,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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