The Waters at Horseshoe Bay Real Estate Statistics
| Average Price | $599K |
|---|---|
| Lowest Price | $259K |
| Highest Price | $985K |
| Total Listings | 20 |
| Avg. Price/SQFT | $461 |
Property Types (active listings)
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What Makes The Waters Different
The Waters is the default answer for a lot of Horseshoe Bay buyers, and for good reason:
It's the largest waterfront condo development on the lake. Five mid-rise buildings mean more inventory and more turnover than any single building on Lake LBJ. If you want waterfront in Horseshoe Bay and you want options, this is where they are.
Single-level living. Every unit is on one level, which matters more than buyers expect. For retirees, downsizers, and anyone thinking about aging in place, no interior stairs is a genuine feature.
Walkability to the resort core. The location is the whole point. The Yacht Club, marina, fitness center, several restaurants, a coffee shop, multiple pools, and the lakeside beach are all on foot from your door. Very few waterfront properties on Lake LBJ can say that.
Genuine open-water views. Units face Lake LBJ with furnished balconies. Eastern-exposure units catch morning light over the water; corner and top-floor units capture the widest sightlines and command a premium.
The most accessible waterfront entry point in Horseshoe Bay. One-bedroom units at The Waters are among the least expensive ways to own true Lake LBJ waterfront inside the city, well below what a waterfront home costs.
Floor Plans and Unit Types
The Waters offers single-level condos across three basic sizes:
One-bedroom units. The entry point. Efficient layouts, often fully furnished and turnkey. Popular with second-home buyers and investors. Units with genuine lake views are limited, so those trade at a premium over interior-facing ones.
Two-bedroom units. The middle of the market. Corner units with dual exposure capture views from two sides and are among the most sought-after floor plans in the development.
Three-bedroom units. The largest layouts, better suited to full-time living or hosting family. The newer Waters Signature condominiums added three-bedroom floor plans designed around entertaining.
Many units at The Waters sell fully furnished, particularly those that have been in a rental program. That can represent real value, so confirm what conveys.
What to Know Before Buying at The Waters
A few things that matter more here than at most condo developments:
Understand how resort amenity access actually works. This is the single most important thing to get right. Access to Horseshoe Bay Resort amenities is tied to membership and to booking arrangements, not simply to owning a unit. Notably, units rented out through channels other than the resort do not carry resort amenity access for those guests. If you plan to rent, this materially affects what you can offer and what you can charge. Get the current rules in writing before you buy.
The view is most of the price. Two identical floor plans can differ substantially in price based on which building, which floor, and which direction they face. Open-water views beat partial views, corner units beat interior, and top floors command a premium. Always see the actual sightline rather than trusting a listing photo taken at a favourable angle.
Check the HOA carefully. Dues, what they cover, reserve fund health, and any recent or pending special assessments. With five mid-rise buildings there's meaningful shared infrastructure, so reserves matter. Ask for the last twelve months of meeting minutes.
Confirm the rental rules and any caps. If rental income is part of your math, verify the HOA's rental policy, whether there's a cap on the percentage of units that can be rentals, and how the resort rental program works.
Boat slips are separate. The Waters is waterfront, but a slip is not automatic with a unit. Confirm slip availability, whether one conveys, and what marina options exist nearby.
Who Buys at The Waters
Second-home buyers from Austin, Houston, and Dallas who want walkable waterfront with no maintenance.
Retirees and downsizers drawn to single-level living and the walkable resort core.
Investors attracted to the rental demand that comes with a resort location, subject to the rental rules above.
First-time Horseshoe Bay buyers testing the market at the most accessible waterfront price point in the city.
About Chad Thibodeaux
I'm a 40-year resident of Horseshoe Bay and a licensed real estate broker since 1991. I've sold across all five buildings at The Waters and I know which units have the views the photos promise, which floor plans hold value best, and how the resort amenity and rental rules actually work in practice. That last point trips up more out-of-area buyers than anything else here. Call 512-755-1606 or send a message.
Frequently Asked Questions
What is The Waters at Horseshoe Bay?
The Waters is the largest waterfront condominium development on Lake LBJ, made up of five mid-rise buildings in the heart of Horseshoe Bay. It offers single-level one, two, and three-bedroom condos, most with furnished balconies overlooking the lake, within walking distance of the Yacht Club, marina, and fitness center.
How much do condos at The Waters cost?
Pricing spans a wide range depending on size, building, floor, and view quality. One-bedroom units are among the most accessible ways to own true Lake LBJ waterfront in Horseshoe Bay, while larger three-bedroom units with open-water views sit at the top of the development's range. Contact Chad for current active listings and recent sales.
Do condos at The Waters come with resort amenity access?
Not automatically. Access to Horseshoe Bay Resort amenities is tied to membership and booking arrangements rather than simply to ownership. Importantly, units rented through channels other than the resort do not provide resort amenity access to those guests. Confirm the current rules in writing before buying, especially if you plan to rent.
Can I rent out a condo at The Waters?
Many owners do, and the resort location supports rental demand. However, the HOA rental rules, any caps on the number of rental units, and the distinction between renting through the resort versus independently all affect your options and your guests' amenity access. Verify all of it in writing before buying with rental income in mind.
Are The Waters condos single-level?
Yes. All units at The Waters are single-level, with no interior stairs. That makes the development particularly popular with retirees, downsizers, and buyers thinking about aging in place.
Do The Waters condos come with a boat slip?
Not automatically. The Waters is waterfront, but boat slips are handled separately from unit ownership. Confirm whether a slip conveys with a specific unit and what marina options are available nearby before assuming lake access for your boat.
Are units at The Waters sold furnished?
Many are, particularly units that have been part of a rental program. Furnishings can represent meaningful value on a turnkey unit, so always confirm exactly what conveys with the sale.
What amenities are within walking distance of The Waters?
The Waters sits in the heart of Horseshoe Bay within walking distance of the Yacht Club, the marina, the fitness center, multiple restaurants, a coffee shop, several pools, and a lakeside beach. The walkability of the location is one of the development's defining advantages.