3 bed, 5 bath, 2,450 sqft on 0.23 acres in Horseshoe Bay. Horseshoe Bay, TX 78657. $465,000. Llano ISD.
About This Home
On one of Horseshoe Bay West’s most established and increasingly valuable streets, 204 Blue Ground offers a rare chance to renovate at a difficult-to-find $465,000 entry level price point. Known for its mature trees, established homes, strong full-time resident presence, and warm neighborhood feel, Blue Ground is rapidly evolving through new construction and the thoughtful renovation of existing homes. This 2,450-sq-ft, 3-bedroom, 5-bath home already has the bones buyers want: classic, contemporary Hill Country style, a dramatic great room with soaring ceilings and a large stone fireplace, a wet bar, and an open connection to the dining area and kitchen. The spacious primary suite includes wood floors, two closets, two full baths and direct access to a conditioned sunroom not included in the recorded square footage. Two guest bedrooms share a bath, while the upstairs flex space with full bath can serve as a study, studio, library, playroom, or overflow guest area. Mature trees shade the fully fenced backyard and patio, creating a peaceful setting ready for a buyer’s vision. A new main HVAC system was installed in July 2026. Short-term rentals are allowed. Upon application and acceptance, membership at The Club at Horseshoe Bay Resort provides access to golf, tennis, pickle ball, pools, fitness, dining, and other private amenities.
- Property Type
- Residential
- Year Built
- 1983
- Lot Size
- 0.23 acres
- Price / Sq Ft
- $190
- HOA
- $795/year
- Garage
- 2 spaces
Listing information last updated July 31, 2026.
Listed by LPT Realty, LLC
MLS# 1952282 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling-High
- Ceiling-Vaulted
- In-Law Floorplan
- Interior Steps
- Primary Bedroom on Main
- Study
- Home Office
- Walk-In Closet(s)
- Wet Bar
- Dishwasher
- Disposal
- Microwave
- Range
- Tile
- Vinyl
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Private Yard
- Frame
- Masonry – Partial
- Stone
- Cul-De-Sac
- Near Golf Course
- Sprinklers In Rear
- Sprinklers In Front
- Trees-Large (Over 40 Ft)
- Wrought Iron
- Slab
- Porch
- Roof
- Tile
- Lot Size
- 0.23 Acres
- Attached
- Garage Door Opener
- Garage Spaces
- 2
Financial
- HOA Fee
- $795 / year
- Original List Price
- $565,000
- Price per Sq Ft
- $190
Utilities
- Electricity Available
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 204 Blue Ground, whoever represented it.
- ActiveListed 2026Current price: $465,000Original list: $565,000MLS 1952282
- Listed · March 5, 2026$565,000
- Price changed · March 28, 2026$475,000
- Price changed · June 28, 2026$465,000
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
- $465,000
- Original list
- $565,000
- Price movement
- $100K reduction
- Listed / DOM
- Mar 5, 2026 · 224 days
Virtual Tour

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 2026-10-15T13:27:01.54+00:00; normalized from annual dues.
20% ($93K)
Adjustable assumption - not a lending recommendation.
$465,000
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Keenan Market Position
A sourced read on Horseshoe Bay pricing, timing, and property scale. No automated valuation claim.
List price
$465,000
Price per sqft
$190/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
224 days
Original to current
$100K reduction
$565K 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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