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$649,000 Just Listed
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Property Description
Recently remodeled Lake LBJ waterfront condo in the gated Island Village community of Horseshoe Bay. With 1,174 sq. ft., expansive open water views, and easy access to the lake, this property is ideal for a weekend getaway or full-time lakefront living. Inside, the updated interior brings fresh style and comfort, while the living space and windows keep the water views front and center. The layout is easy to enjoy, easy to maintain, and built for the kind of lock-and-leave lifestyle buyers want on Lake LBJ. The community amenities make the lake lifestyle even better. Enjoy a private pool just steps away, plus allotted PWC space, availability for a day slip for boats, and a fishing dock for time on the water. A 1-car detached garage adds convenience and storage. The location puts you close to everything that makes Horseshoe Bay special. You're a short walk to the Yacht Club, Horseshoe Bay Resort Spa, and Horseshoe Bay Resort, with nearby access to great restaurants, shopping, five championship private golf courses, and five public courses. Fredericksburg and Texas Wine Country are also within reach for easy day trips. With constant water levels on Lake LBJ, the lake lifestyle doesn't take a season off. Open water views. Gated community. Remodeled interior. Resort access. This is Horseshoe Bay lake living done right.
Full Property Details
Full Property Details for 101 Island Dr
General
- Price: $649,000
- HOA FEE: $500/month
- HOA FEE FREQ.: Annually
- Taxes: (2025)
- Status: Active
- Type: Condo
- Source: Austin_MLS
- MLS ID: 4983282
- Updated: 3/27/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Separate/Formal Dining Room, Elevator, High Speed Internet, Multiple Dining Areas, Main Level Primary, Open Floorplan
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Electric, Living Room
- Appliances: Electric Oven, Electric Water Heater, Range, Self Cleaning Oven
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Other Rooms
- Laundry: Laundry Room, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: Common Grounds/Area
- Security/Safety: None, Controlled Access
Exterior
- Exterior Features: Balcony
- Porch/Patio/Deck: Front Porch, Patio, Balcony
Parking
- Parking Features: Asphalt, Paved
Location
- Area: LL
- County: Llano
- Subdivision: Island Village HSB
- Driving Directions: From HWY 71W, turn right on 2147, left on HSB blvd, right on Island Dr. Complex on Right.
- Direction Faces: Northeast
School Information
- Elem School District: Llano ISD
- Midd School District: Llano ISD
- High School District: Llano ISD
- Elementary School: Llano
- Middle School: Llano
- High School: Llano
Community
- Association: Yes
- Assoc. Name: Island Village POA
- Assoc. Fees Include: Common Area Maintenance
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric, Fireplace(s)
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Electricity Connected, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Roof: Metal
- Windows: Double Pane Windows
- Stories/Levels: 1
- Square Feet: 1,174
- Sq. Ft. Source: Public Records
- Living Area: 1,174 Sq. Ft.
- Year Built: 1984
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Lake, River, Water
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Features: Level, Many Trees
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake LBJ
- Water Front Desc.: Lake Front, Lake Privileges, River Front, Waterfront
- Lake Front: Yes
Financial Considerations
- Association Fee: $6,000
- Assoc Fee Freq.: Annually
- Assessment Amount: $5,890
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial
- Legal Description: Island Village Condo Horseshoe Bay 33001-F 80% Udi
- Disclosures/Reports: Seller Disclosure
- Property ID: 33976
Listed by Keller Williams Heritage
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Schools
Schools serving 101 Island Dr
School District:Llano Independent School District
| Name | Grades | Distance |
|---|---|---|
Packsaddle Elementary School 150 Pioneer Lane, Kingsland, TX 78639 | PK-5 | 8.7 mi |
Llano J High School 400 East Highway 71, Llano, TX 78643 | 6-8 | 22.8 mi |
Llano High School 2509 Texas 16, Llano, TX 78643 | 9-12 | 23.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 Island Dr
Date
Details
Price
Change
Source
3/27/2026
Listed
$649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 101 Island Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,475
-59%
$463,690
-16%
2024
$6,026
7%
$550,429
10%
2023
$5,641
-25%
$500,390
—
2022
$7,524
15%
$500,390
23%
2020
$6,546
-5%
$406,570
—
2019
$6,876
-2%
$406,570
—
2018
$7,035
—
$406,570
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 101 Island Dr
101 Island Drive, Horseshoe Bay, TX 78657 (MLS# 4983282) is a Condo property with 1 bedroom and 2 full bathrooms. 101 Island Drive is currently listed for $649,000 and was received on March 27, 2026. Want to learn more about 101 Island Drive? Do you have questions about finding other Condo real estate for sale in Horseshoe Bay? You can browse all Horseshoe Bay real estate or contact a Coldwell Banker agent to request more information.

