3 bed, 2 bath, 1,344 sqft in Horseshoe Bay. Horseshoe Bay, TX 78657. $759,000. Llano ISD.
About This Home
HUGE PRICE DROP!! Front-row seats to Lake LBJ don’t come much better than this. From your oversized covered balcony, take in wide, north-facing views stretching across open water to the iconic Lighthouse—one of the most recognizable backdrops in Horseshoe Bay. This fully furnished, move-in ready 3-bedroom, 2-bath condo sits right next to the Yacht Club, putting you in the center of it all. Inside, the layout just works—open living, dining, and kitchen anchored by a breakfast bar, all leading straight out to the lake. The primary suite is positioned where it should be…overlooking the waters of Lake LBJ, with balcony access and views you’ll never get tired of. Two guest bedrooms and a full bath are tucked toward the front, along with a convenient laundry closet. Access is easy with elevator service from the garage to the third floor. You’ll have a designated parking space plus an owner’s storage closet right across from your front door—ideal for keeping lake gear close but out of sight. Step outside and you’re immediately at the lagoon-style pool, with resident boat docks just beyond. Whether it’s morning coffee, sunset drinks, or a quick run out on the water, everything is right here. Short-term rentals are allowed, offering flexibility for personal use or income potential. Resort amenities are available with membership. If you’ve been looking for a true lock-and-leave lake place with a view that actually delivers—this is it.
Unit 34 at The Waters at Horseshoe Bay presents one of the most unobstructed north-facing views of Lake LBJ available in the current market, with the Lighthouse serving as a permanent focal point across open water from your oversized covered balcony. This 1,344 square foot, three-bedroom condominium on the third floor was designed with the water as the primary attraction, and every major living space reflects that priority.
The open floor plan flows directly from the kitchen toward the lake-facing glass, with granite counters and a breakfast bar positioned to leverage sightlines while you cook or dine. The primary bedroom is oriented entirely around the panorama, offering balcony access so the view extends into your sleeping quarters. This is not a house where the water is a bonus feature. It is the organizing principle of the entire layout. From the moment you wake, the vista dominates the experience of living here.
The covered balcony functions as the true heart of the property. Mornings with coffee overlooking the water, evening gatherings with sunset light hitting the lake, or midday swims followed by drinks on the deck - the balcony collapses the boundary between interior and exterior living. At 98 Island Drive, you are positioned directly adjacent to the Yacht Club, placing you in the social and recreational center of Horseshoe Bay without the maintenance burden of a single-family home.
Two guest bedrooms and laundry accommodations occupy the interior-facing portion of the unit, keeping water views concentrated where they matter most. Elevator service from your designated garage parking eliminates the stairs, and an owner's storage closet across from your entry door keeps lake gear, boats, and seasonal equipment organized. The shared boat dock and lagoon-style pool are steps away. Llano ISD serves the area, with Llano High School at the district level.
The $975,000 price reflects $725 per square foot for a fully furnished, move-in ready property with 17 days on market. Short-term rental permissions mean flexibility for personal retreats or income generation. At The Waters, you own nothing but the right to look at Lake LBJ uninterrupted, which is precisely what this address delivers.
The numbers behind this insight
- Offered at
- $759,000
- Listed
- May 17, 2026
- Price changes
- 2, down 22.2% from $975,000
- Asking price per sq ft
- $565
- Property Type
- Residential
- Year Built
- 2008
- Price / Sq Ft
- $565
- HOA
- $742/mo
Listing information last updated September 29, 2026.
Listed by Horseshoe Bay ONE Realty
MLS# 7040275 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Breakfast Bar
- Ceiling Fan(s)
- Granite Counters
- Double Vanity
- Elevator
- Entrance Foyer
- No Interior Steps
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Soaking Tub
- Storage
- Walk-In Closet(s)
- Disposal
- Microwave
- Free-Standing Electric Oven
- Plumbed For Ice Maker
- Refrigerator
- Washer
- Dryer
- Electric Water Heater
- Tile
- Wood
- Heating
- Central,Electric
- Cooling
- Ceiling Fan(s),Central Air
Exterior & Lot
- Balcony
- Boat Dock - Shared
- Outdoor Grill
- Hardi
- Plank Type
- Stone Veneer
- Landscaped
- Views
- Slab
- Covered
- Roof
- Tile
- Basement
- Reserved
- Lake Front
- Lake Privileges
- Waterfront
Financial
- HOA Fee
- $742 / mo
- Original List Price
- $975,000
- Price per Sq Ft
- $565
Utilities
- Cable Available
- Electricity Connected
- High Speed Internet
- Phone Available
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 98 Island DR Unit #34, whoever represented it.
- ActiveListed 2026Current price: $759,000Original list: $975,000MLS 7040275
- Listed · May 17, 2026$975,000
- Price changed · June 30, 2026$799,000
- Price changed · September 29, 2026$759,000
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
- $759,000
- Original list
- $975,000
- Price movement
- $216K reduction
- Listed / DOM
- May 17, 2026 · 151 days
Virtual Tour

Zoned Schools
Llano ISD
Llano
Llano
Packsaddle
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 2026-10-15T10:17:08.394+00:00; normalized from monthly dues.
20% ($152K)
Adjustable assumption - not a lending recommendation.
$759,000
Luxury property intelligence
Keenan Market Position
A sourced read on Horseshoe Bay pricing, timing, and property scale. No automated valuation claim.
List price
$759,000
Price per sqft
$565/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
151 days
Original to current
$216K reduction
$975K 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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