
Rare opportunity to own a gorgeous 5+acre estate lot in the Trails of Horseshoe Bay. If you are looking for space, privacy, and beauty; this piece of property has it all. Only a handful of properties in the Trails were platted with this much acreage and the ability to keep horses on your own lot. This property is largely surrounded by wet weather creeks which care for beautiful mature oak trees throughout. Previous owner's improvements include clearing/leveling and addition of gravel road with culvert. This property is already prepped for your hill country dream home. You will not find anything else like this in Horseshoe Bay; acreage property with direct access to Lake LBJ.
The Trails community is a nature lover's paradise, offering over 500 feet of waterfront common area exclusively for property owners. Nestled among 300 acres of wildlife preserve, you'll enjoy miles of secluded hiking paths, horse riding trails, an equestrian center, playground, first-class clubhouse, and private marina with covered boat slips.
Located just 45 miles northwest of Austin in Horseshoe Bay, this gated community provides serenity and privacy while remaining close to first-class golf courses, resort amenities, and a private airport/jet center. Here, you can enjoy ranch style living without all the maintenance of owning a large ranch!
Property Type
Land
Lot Size
5.05 acres
HOA
$2396/mo
Listed by Robyn Walsh, Broker
Verified property facts
Lot 118 Overlook PKWY is zoned for Llano ISD with assigned schools: Packsaddle (elementary), Llano (middle), Llano (high). School assignments should be verified directly with the district.
Lot 118 Overlook PKWY 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 Lot 118 Overlook PKWY is $6,383. 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.
With 20% down ($199,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for Lot 118 Overlook PKWY is around $5,695 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Lot Features
Waterfront
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.
20% ($199K)
$995,000
Luxury property intelligence
A sourced read on The Trails Of Lake Lbj Ph1 pricing, timing, and property scale. No automated valuation claim.
List price
$995,000
Price per sqft
Not available
Vs. The Trails Of Lake Lbj Ph1 median
Not available
Days on market
19 days
Original to current
No verified reduction
$995K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 22, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $995,000, Lot 118 Overlook PKWY is in the The Trails Of Lake Lbj Ph1 market where there are currently 139 active listings in 78657.
Lot 118 Overlook PKWY includes verified waterfront access: Lake Privileges,See Remarks. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Lot 118 Overlook PKWY is part of a managed community with HOA dues of $2,396 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.
Best Match
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