
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
$2,396/year
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 listed by Robyn Walsh, Broker. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 4, 2026.
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.
This page does not assume a mortgage rate or publish a monthly payment for Lot 118 Overlook PKWY. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
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Property Details
Lot Features
Waterfront
2 records on file
Every recorded listing, sale, and lease at Lot 118 Overlook PKWY, 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.
20% ($199K)
Adjustable assumption - not a lending recommendation.
$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. Neighborhood guide reference price
Not available
Days on market
94 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 Sep 4, 2026.
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As of Sep 4, 2026, Lot 118 Overlook PKWY is offered at $995,000. The current MLS snapshot shows 145 active listings in 78657.
The MLS listing marks Lot 118 Overlook PKWY as waterfront. The reported waterfront feature is Lake Privileges. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $2,396 annual for Lot 118 Overlook PKWY. 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.
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