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Keenan Group#1 Austin Board of Realtors Team 2024

$465,000

3Beds
5Baths
2,450Sq Ft
0.23 acresLot

204 Blue Ground, Horseshoe Bay, TX 78657

Reduced 18%$565,000
Horseshoe Bay·MLS# 1952282·Built 1983·224 days on market

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

2-car garage with additional parking capacity
Generous 0.23-acre lot
Ceiling-High
Ceiling-Vaulted
In-Law Floorplan
Interior Steps

Facts & Features

Interior

Features

  • Ceiling-High
  • Ceiling-Vaulted
  • In-Law Floorplan
  • Interior Steps
  • Primary Bedroom on Main
  • Study
  • Home Office
  • Walk-In Closet(s)
  • Wet Bar

Appliances

  • Dishwasher
  • Disposal
  • Microwave
  • Range

Flooring

  • Tile
  • Vinyl
Heating
Central
Cooling
Central Air
Fireplaces
1
Exterior & Lot

Features

  • Private Yard

Construction

  • Frame
  • Masonry – Partial
  • Stone

Lot Features

  • Cul-De-Sac
  • Near Golf Course
  • Sprinklers In Rear
  • Sprinklers In Front
  • Trees-Large (Over 40 Ft)

Fencing

  • Wrought Iron

Foundation

  • Slab

Patio / Porch

  • Porch
Roof
Tile
Lot Size
0.23 Acres

Parking

  • 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.

  1. ActiveListed 2026
    Current price: $465,000Original list: $565,000MLS 1952282
    1. Listed · March 5, 2026$565,000
    2. Price changed · March 28, 2026$475,000
    3. 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.

View Timeline
Current list
$465,000
Original list
$565,000
Price movement
$100K reduction
Listed / DOM
Mar 5, 2026 · 224 days

Virtual Tour

Virtual tour of 204 Blue Ground
Map showing 204 Blue Ground
204 Blue Ground
Directions

Zoned Schools

Llano ISD

1 High School1 Middle School1 Elementary School

Llano

High SchoolGrades 9-12Zoned assignment

Llano

Middle SchoolGrades 6-8Zoned assignment

Llano

ElementaryGrades K-5Zoned assignment

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.

Principal & interest
$2,576
HOA dues
$66

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

Loan: $372K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

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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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Verified property facts

Frequently Asked Questions

How much is 204 Blue Ground?

204 Blue Ground is listed at $465,000 with 3 bedrooms, 5 full bathrooms, 2,450 square feet, 0.23-acre lot.

What school district is 204 Blue Ground in?

204 Blue Ground is zoned for Llano ISD with assigned schools: Llano (elementary), Llano (middle), Llano (high). School assignments should be verified directly with the district.

What are the property details for 204 Blue Ground?

204 Blue Ground is a Residential built in 1983 featuring 3 bedrooms, 5 full bathrooms, 2,450 square feet, 0.23-acre lot.

What are the property taxes for 204 Blue Ground?

The most recent annual property tax for 204 Blue Ground is $6,356. 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.

How should a buyer estimate the monthly payment for 204 Blue Ground?

This page does not assume a mortgage rate or publish a monthly payment for 204 Blue Ground. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 204 Blue Ground compare with other homes in Horseshoe Bay?

As of Oct 15, 2026, 204 Blue Ground is offered at $465,000. The current MLS snapshot shows 138 active listings in 78657.

When was 204 Blue Ground built?

204 Blue Ground was built in 1983 (43 years ago). Buyers should budget for potential updates to major systems.

What is the community structure at 204 Blue Ground?

The MLS listing reports HOA or association dues of $795 annual for 204 Blue Ground. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Horseshoe Bay

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 8:27:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 8:27:01 AM

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