Lot 3-A Ensenada Ln, Horseshoe Bay, TX 78657

The list price reflects a Bring Your Own Builder option. However, if you choose Sterling Custom Homes, the lot owner, to build your custom home, you’ll receive a $200,000 discount, applied to either the lot price or the home price—whichever makes the most sense during negotiations. This newly replatted 0.59-acre lot offers an expansive cove-front presence on the constant-level Lake LBJ, delivering an unparalleled waterfront experience. Nestled in a peaceful, sheltered cove, the lot is buffered from the main lake’s activity, ensuring a private and serene setting. Situated within a seven-lot gated subdivision in Horseshoe Bay West, the property benefits from a private road and secure, gated access. With a low tax rate of 1.52%, this exceptional lot presents an ideal opportunity for your custom home.

Waterfront land on constant-level Lake LBJ is the core value here, and Lot 3-A Ensenada Ln puts that advantage into a newly replatted 0.59-acre homesite in Horseshoe Bay in Horseshoe Bay, Texas. At $1.20 million, this is not a generic interior lot play. It is an unimproved land offering with direct cove frontage, positioned inside a seven-lot gated subdivision with private road access, which immediately narrows the buyer pool to those who understand privacy, controlled access, and limited waterfront inventory.

The setting matters as much as the water itself. This lot sits in a sheltered cove rather than on the more active stretch of the main lake, which changes how the property lives day to day. A protected cove-front position typically appeals to buyers who want easier water use, a quieter edge condition, and a more controlled sense of privacy without giving up the draw of Lake LBJ. On a constant-level lake, that distinction carries practical long-term value because the waterfront is not just visual. It is usable.

The ownership structure also creates unusual flexibility. Buyers can bring their own builder, which preserves control over design and execution. There is also a second path tied to Sterling Custom Homes, the lot owner, where a $200,000 discount can be applied during negotiations to either the lot or the home depending on how the deal is structured. In a market where build costs, lot basis, and finished value all affect the final equation, that option is material rather than cosmetic.

From a location standpoint, the property is in Llano County and feeds to Llano ISD, with Llano listed for elementary, middle, and high school. For buyers weighing a future primary residence, second home, or long-hold waterfront build, school path still matters because it influences resale liquidity even when it is not the first driver of the purchase.

Days on market at 523 will draw attention, but that number needs context on a niche waterfront land asset where buyer timing, builder alignment, and custom home planning often move slower than resale housing. The more relevant question is whether the site offers a scarce combination of gated access, cove frontage, constant-level water, and build flexibility. On that measure, Lot 3-A Ensenada Ln is positioned for a buyer who wants to control the next phase of value through the home they choose to build.