ActiveResidential · sale

301 Circle

Horseshoe Bay, TX 78657

$1,399,000

  • 4 beds
  • 6 baths
  • 5,022 sq ft
  • 3.4 acres
  • Built 2005

Listed by Realty of America, LLC · MLS #ACT3007493

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

The main level owner's suite is a true sanctuary, complete with a fireplace, dramatic lake-view windows, and direct balcony access.

Year built

Built in 2005.

Garage parking

3 garage spaces listed.

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

THE PROPERTY

Get to know the property.

Perched high above Lake Marble Falls on 3.397 acres including two additional lots, this Hill Country estate delivers the kind of panoramic lake and hilltop views that simply cannot be replicated. From nearly every room, floor-to-ceiling windows and wraparound balconies frame an ever-changing canvas of water, sky, and rolling terrain - a backdrop that makes everyday living feel like a permanent retreat.

Spanning three levels and over 5,000 square feet, the residence is designed for both grand entertaining and genuine comfort. The main level owner's suite is a true sanctuary, complete with a fireplace, dramatic lake-view windows, and direct balcony access. The spa-inspired bath features a curved walk-in mosaic tile shower, dual vanities, and a soaking tub positioned beneath arched windows framing the treetops. The well-appointed kitchen offers double ovens, a gas range, wine refrigerator, and generous prep space across two islands. Multiple living and dining areas flow seamlessly to covered terraces where the infinity-edge pool and spa take center stage against an unobstructed lake panorama.

A curved turret room with wraparound lake views serves as an ideal home office, reading retreat, or stargazing perch - one of the most distinctive spaces in the Hill Country. The lower level is built for entertaining: a sprawling game room with pool table, arcade games, air hockey, and a full wet bar opens directly to the pool and spa. A private theater room and dedicated study with built-in bookshelves round out the level, alongside guest quarters with two bedrooms and four full baths. Three-car garage with workshop space included.

Minutes from Horseshoe Bay Resort and four of Central Texas' finest golf courses, with Boat Ramp 1 onto Lake LBJ just seven minutes away. Easy access to waterfront dining, wine country, Marble Falls, and the broader Highland Lakes corridor. A rare legacy property priced at $1,399,000.

THE NEIGHBORHOOD

Explore the location.

301 Circle, Horseshoe Bay, TX 78657

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2005
Full baths
5
Half baths
1
Garage spaces
3
Cooling
Ceiling Fan(s), Electric
Heating
Electric
Appliances
Dishwasher, Dryer, Ice Maker, Microwave, Double Oven, Free-Standing Gas Range, Refrigerator, Warming Drawer, Washer
Flooring
Carpet, Concrete, Tile
Fencing
None
Accessibility
None
Pool features
Gunite, Heated, In Ground, Outdoor Pool
Subdivision
Channel Oaks
Parcel
9530
HOA
HOA - Channel Oaks
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
Marble Falls
Middle school
Marble Falls
High school
Marble Falls
Annual property tax
$20,043.80
HOA fee
$125.00

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$2,539.37
Estimated monthly rent$5,829.17
Cap rate2.43%

Annual operating income: $33,969.99

Have ERA review this rental estimate

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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301 Circle, Horseshoe Bay, TX 78657 · MLS #ACT3007493

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Listing information

MLS #ACT3007493 · Austin Board of Realtors

Listing brokerage: Realty of America, LLC
Listing agent: Nathan Clark

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