ActiveResidential · sale

521 Lucy

Horseshoe Bay, TX 78657

$999,000

  • 3 beds
  • 3 baths
  • 1,954 sq ft
  • 0.29 acres
  • Built 2001

Listed by LPT Realty, LLC · MLS #ACT1497843

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2001.

Garage parking

2 garage spaces listed.

Property size

0.29 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

A rare expression of lakefront living on Lake LBJ, this true single-family residence offers 105 feet of private waterfront with no immediate neighbors on either side, just one house off open water.

Welcome to 521 Lucy Lane, a refined lakefront retreat where privacy, setting, and design come together in a way that is increasingly rare along the shoreline. Set apart from neighboring properties, the home offers a sense of space and quiet that creates a more peaceful waterfront experience, allowing you to fully enjoy the natural beauty of the lake without distraction.

Oriented to the east, enjoy beautiful sunrise views from multiple outdoor living spaces. A private dock and boat lift with direct canal access provide easy access to open water while maintaining a more protected setting, ideal for both boating and relaxing along the shoreline.

Inside, the light-filled open-concept design features soaring ceilings, expansive windows, and refined finishes throughout. The kitchen with granite countertops and custom cabinetry anchors the main living area, ideal for both everyday living and entertaining. A recently replaced HVAC system in August 2024 adds comfort and peace of mind.

The layout offers flexibility for a full-time residence or lock-and-leave second home, with spaces designed to highlight the views and natural light while maintaining a comfortable and functional flow throughout. Furnishings may be available upon request and subject to negotiated terms.

Located on a quiet cul-de-sac in Horseshoe Bay proper with full city utilities and no MUD tax. Short-term rentals are not permitted, supporting a peaceful residential setting.

A rare opportunity to own a private stretch of Lake LBJ with the space, setting, and true single-family feel that is increasingly hard to find.

THE NEIGHBORHOOD

Explore the location.

521 Lucy, Horseshoe Bay, TX 78657

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2001
Full baths
3
Half baths
0
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Dryer, Electric Cooktop, Exhaust Fan, Microwave, Free-Standing Electric Range, Free-Standing Refrigerator, Electric Water Heater, Water Softener Owned
Flooring
Carpet, Tile
Fencing
None
Accessibility
None
Pool features
None
Subdivision
Horseshoe Bay North
Parcel
23161
HOA
Horseshoe Bay Property Owners' Association
HOA amenities
See Remarks
HOA fee frequency
Annually
Elementary school
Colt
Middle school
Marble Falls
High school
Marble Falls
HOA fee
$351.50

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$4,162.50
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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521 Lucy, Horseshoe Bay, TX 78657 · MLS #ACT1497843

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Listing information

MLS #ACT1497843 · Austin Board of Realtors

Listing brokerage: LPT Realty, LLC
Listing agent: Lucia Erana

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.