
— bed, — bath on 0.54 acres in Horseshoe Bay. Horseshoe Bay, TX 78657. $1,675,000. Llano ISD.
A rare opportunity to secure a half-acre waterfront homesite on the exclusive Applehead Island in Horseshoe Bay, Texas. As you turn onto the island street, you’re immediately greeted with breathtaking Lake LBJ and Texas Hill Country views, setting the stage for an extraordinary place to build. Tucked within a protected cove with 140 feet of Lake LBJ shoreline, this property offers the ideal balance of peaceful water, boating access, and panoramic Hill Country scenery. As one of the few constant-level lakes in Texas, Lake LBJ allows for year-round enjoyment — from morning paddleboarding to sunset cruises. Applehead Island is widely regarded as one of the most coveted communities in Horseshoe Bay, offering a private island lifestyle with 24-hour gated on-site security and exclusive resident amenities, including the Applehead Island pool, tennis courts, and lakeside pavilion. Just minutes away, the renowned Horseshoe Bay Resort offers world-class golf, marina access, dining, and resort experiences. Whether envisioning a full-time residence or a weekend retreat, this property offers a rare chance to build a luxury waterfront estate in the heart of the Texas Hill Country. Opportunities like this on Applehead Island are increasingly rare.
This half-acre waterfront homesite on Horseshoe Bay in Horseshoe Bay sits on 140 feet of Lake LBJ shoreline, offering one of the last opportunities to build on this exclusive gated community. The cleared and level lot is already landscaped with medium-sized trees between 20 and 40 feet, providing mature canopy coverage while maintaining unobstructed views across the water and into the Texas Hill Country. Private maintained roads connect all properties on Horseshoe Bay, and the proximity to the championship golf courses at Horseshoe Bay Resort means your build site is minutes from tournament-grade fairways and the resort's full-service marina.
Lake LBJ is one of the few constant-level lakes in Texas, eliminating seasonal water fluctuations that affect other Hill Country properties. This stability means year-round boating, paddleboarding, and water access without the complications of rising and falling shorelines. The cove location provides natural protection from open-water chop, creating calm conditions ideal for a private boat dock or water activities. The lake's elevation and the property's sloped-down configuration toward the water maximize sightlines and create natural drainage on the buildable portion.
Horseshoe Bay operates as a fully gated community with 24-hour on-site security, distinguishing it from standard Horseshoe Bay neighborhoods. Exclusive resident amenities include a private pool, tennis courts, and a lakeside pavilion available only to property owners on the island. This combination of private island living and resort-adjacent access is rare in the Texas Hill Country market. The Llano Independent School District serves the area, with Llano Elementary, Llano Middle School, and Llano High School supporting families who choose to make this a full-time residence rather than a weekend retreat.
At $1.68 million for a cleared, improved homesite with 140 feet of Lake LBJ waterfront in a gated community with established amenities and golf course proximity, this represents the type of opportunity that appears infrequently on Horseshoe Bay. Seven days on market reflects the scarcity of available waterfront acreage in this subdivision. Buyers with specific architectural or recreational visions for a Hill Country waterfront estate will find the buildable canvas here ready for immediate development.
Verified property facts
67 Applehead Island Dr is listed at $1,675,000 with 0 bedrooms, 0.54-acre lot. This places it above the ZIP 78657 single-family closed-sale median price of $735,000 (ZIP 78657 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).
67 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.
The most recent annual property tax for 67 Applehead Island Dr is $15,396. 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.
This page does not assume a mortgage rate or publish a monthly payment for 67 Applehead Island Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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Listing information last updated September 12, 2026.
Listed by Horseshoe Bay Resort Realty
MLS# 3527691 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
1 record on file
Every recorded listing, sale, and lease at 67 Applehead Island DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline 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.
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 2026-10-15T11:27:05.166+00:00; normalized from annual dues.
20% ($335K)
Adjustable assumption - not a lending recommendation.
$1,675,000
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List price
$1,675,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
220 days
Original to current
No verified reduction
$1.7M 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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As of Oct 15, 2026, 67 Applehead Island Dr is offered at $1,675,000. The current MLS snapshot shows 138 active listings in 78657.
The MLS listing marks 67 Applehead Island Dr as waterfront. The reported waterfront feature is Lake Front, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $10,250 annual for 67 Applehead Island Dr. 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.
Car-Dependent
N/A
Somewhat Bikeable
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