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Verified property facts
207 Free Rein Unit #1 is listed at $724,000 with 3 bedrooms, 3 full, 1 half bathrooms, 3,232 square feet, 0.21-acre lot.
207 Free Rein Unit #1 is zoned for Llano ISD with assigned schools: Llano (elementary), Llano (middle), Llano (high). School assignments should be verified directly with the district.
207 Free Rein Unit #1 is a Residential built in 1984 featuring 3 bedrooms, 3 full, 1 half bathrooms, 3,232 square feet, 0.21-acre lot.
207 Free Rein Unit #1 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 207 Free Rein Unit #1 is $7,273. 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
Listing timeline with current price, original ask, and market time.
Welcome to 207 Free Rein, Unit 1 — an exceptional residence in the heart of Horseshoe Bay, just moments from the sparkling shores of Lake LBJ. Offering 3,232 square feet of thoughtfully designed living space, this beautifully appointed home blends sophistication with the relaxed charm of Texas Hill Country living.
Featuring 3 spacious bedrooms and 3.5 baths, the open-concept floor plan is ideal for both everyday comfort and effortless entertaining. Expansive living areas are filled with natural light, creating a warm and inviting atmosphere. The well-designed kitchen offers abundant cabinetry, new counter tops, and a seamless flow into the main living area.
The primary suite is a true retreat, offering privacy, generous proportions, and access to the private backyard pool! Each secondary bedroom includes its own en-suite bath and sitting areas, providing comfort and convenience for guests or family. A thoughtfully placed half bath serves the main living areas.
Outdoor living invites you to unwind and enjoy peaceful Hill Country surroundings — perfect for morning coffee or poolside gatherings . Located within the sought-after Horseshoe Bay community, residents enjoy close proximity to world-class golf, marina access, dining, and resort-style amenities (membership required).
Whether you’re seeking a full-time residence or a refined weekend escape, this property delivers space, comfort, and an exceptional lifestyle in one of the Hill Country’s most desirable lake communities.
Property Type
Residential
Year Built
1984
Lot Size
0.21 acres
$/Sq Ft
$224
HOA
$361/mo
Garage
3 spaces
Pool
Yes
Listed by Horseshoe Bay ONE Realty
Property Details
Appliances
Flooring
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
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. Ratings from GreatSchools.org.
20% ($145K)
$724,000
Luxury property intelligence
A sourced read on Horseshoe Bay Proper pricing, timing, and property scale. No automated valuation claim.
List price
$724,000
Price per sqft
$224/sqft
Vs. Horseshoe Bay Proper median
Not available
Days on market
72 days
Original to current
$30K reduction
$754K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 10, 2026.
Request Private Market AnalysisWith 20% down ($144,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 207 Free Rein Unit #1 is around $4,363 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $724,000, 207 Free Rein Unit #1 is in the Horseshoe Bay Proper market where there are currently 142 active listings in 78657.
207 Free Rein Unit #1 was built in 1984 (42 years ago). Buyers should budget for potential updates to major systems.
207 Free Rein Unit #1 is part of a managed community with HOA dues of $361 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.
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