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$1,890,000
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Property Description
Luxurious Waterfront Townhome on Lake LBJ - 402 Island Drive #B, Horseshoe Bay, TX Discover lakeside luxury at this stunning waterfront townhome, completely remodeled in 2024 to blend modern elegance with the serene beauty of Lake LBJ. Nestled in the heart of the prestigious Horseshoe Bay community, this 4-bedroom, 3-bathroom retreat offers approximately 2,442 square feet of living space, comfortably accommodating up to 10. Imagine waking up to breathtaking lake views, stepping out to your private boat slip, and embarking on a day of boating, fishing, or simply soaking in the sun - all from your own backyard paradise. The thoughtful two-story layout maximizes comfort and convenience. What truly sets this property apart is its prime waterfront location on constant-level Lake LBJ. Launch your boat from your dedicated slip for exhilarating water sports, leisurely cruises, or sunset gatherings with friends. The fun of lake living is endless here.
Full Property Details
Full Property Details for 402 Island Dr #B
General
- Price: $1,890,000
- HOA FEE: $308/month
- HOA FEE FREQ.: Quarterly
- Taxes: $8,900 (2025)
- Status: Active
- Type: Townhouse
- Source: Austin_MLS
- MLS ID: 2714223
- Updated: 2/15/2026
- Added to Site: 54 day(s) ago
Interior
- Interior Features: Breakfast Bar, Ceiling Fan(s), Chandelier, Dry Bar, Double Vanity, Granite Counters, High Ceilings, Multiple Primary Suites, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Bar, Walk-In Closet(s)
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Wood Burning
- Appliances: Built-In Electric Oven, Built-In Electric Range, Bar Fridge, Convection Oven, Cooktop, Dishwasher, Exhaust Fan, Electric Oven, Freezer, Disposal, Ice Maker, Microwave, Oven, Refrigerator
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 1
Other Rooms
- Laundry: Laundry Closet
Additional Information
- Shared Amenities: Common Grounds/Area, Airport/Runway
- Security/Safety: Security System, Carbon Monoxide Detector(s), Fire Alarm
Exterior
- Exterior Features: Balcony, Boat Slip, Dock
- Porch/Patio/Deck: Rear Porch, Covered, Patio, Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 4
- Parking Features: Attached, Garage
Location
- Area: LL
- County: Llano
- Subdivision: Harbortown Twnhms
- Driving Directions: From US 71E, turn R onto FM 2147, L onto Horseshoe Bay Blvd. At the traffic circle, take the 1st exit onto Horseshoe Bay Blvd, R onto Island Drive. In 0.3 miles, destination will be on the L, Unit B
- Direction Faces: East
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: Harbor Town HOA
- Assoc. Fees Include: Common Area Maintenance, Maintenance Grounds
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Municipal Utility District
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, High Speed Internet Available, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Stone
- Roof: Tile
- Windows: Drapes
- Stories/Levels: 2
- Square Feet: 2,442
- Sq. Ft. Source: Appraiser
- Living Area: 2,442 Sq. Ft.
- Year Built: 1977
- Year Built Source: Appraiser
- Property Condition: Updated/Remodeled
Additional Structures
- Other Structures: None
Lot Features
- Property View: Lake
- Lot Size (Acres): 0.0765
- Lot Size (Sq. Ft.): 3,332.34
- Lot Features: Views
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake LBJ
- Water Front Desc.: Lake Front, Waterfront
- Lake Front: Yes
Green Features
- Energy Efficient: See Remarks, Thermostat
Financial Considerations
- Association Fee: $925
- Assoc Fee Freq.: Quarterly
- Assessment Amount: $665,040
- Tax Amount: $8,900.06
- Tax Year: 2025
- Terms: Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Appraisal
- Legal Description: HARBOR TOWN II HORSESHOE BAY TR B OF 35004
- Disclosures/Reports: Owner Is Listing Agent, Seller Disclosure
- Property ID: 11400350040B0
Listed by Stone Properties Group
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Schools
Schools serving 402 Island Dr #B
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 402 Island Dr #B
Date
Details
Price
Change
Source
2/15/2026
Listed
$1,890,000
—
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 402 Island Dr #B
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,550
-60%
$665,040
—
2024
$8,766
7%
$665,040
11%
2023
$8,184
-19%
$600,280
7%
2022
$10,065
-4%
$562,124
-19%
2020
$10,434
—
$698,220
8%
2020
$10,434
4%
$648,060
9%
2019
$10,081
—
$596,110
2%
2018
$10,075
—
$582,280
—
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 402 Island Dr #B
402 Island Drive #B, Horseshoe Bay, TX 78657 (MLS# 2714223) is a Townhouse property with 4 bedrooms and 3 full bathrooms. 402 Island Drive #B is currently listed for $1,890,000 and was received on February 15, 2026. Want to learn more about 402 Island Drive #B? Do you have questions about finding other Townhouse 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.

