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$1,000,000
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Property Description
Discover Lot 120 in The Trails of Horseshoe Bay-a rare 5-acre estate homesite offering privacy, natural beauty, and a true Hill Country experience. This exceptional property is uniquely tucked into a mature forest of oak and hardwoods, with beautiful rolling terrain that gently slopes down to a scenic wet-weather creek. The acreage allows you to create a complete estate-whether you envision a main home, garages, guest casitas, pool house, barn, or workshop-or simply start with your primary residence and add additional structures over time. Unlike open pasture lots, Lot 120 provides the opportunity to build in a peaceful, wooded setting-completely surrounded by nature and away from the bustle. This expansive acreage ensures space and seclusion for your custom estate, with abundant shade, dramatic topography, and multiple building sites to choose from. Wake up to the sound of songbirds, enjoy tranquil views into the trees, and experience the seasons changing right outside your windows. With plenty of room for horses or a guest house, you'll have all the benefits of ranch-style living-without the upkeep of a large ranch. The Trails of Horseshoe Bay is a private, gated community nestled among 300 acres of wildlife preserve and dedicated greenbelt. Residents enjoy exclusive access to miles of secluded hiking paths, horse riding trails, a first-class clubhouse and pool, a five-star equestrian center, playground, and a private marina with covered boat slips on the constant-level Lake LBJ. Here, you'll find a true nature lover's paradise, where serenity and outdoor adventure are always just steps from your door. Located just 45 minutes from Austin and close to Marble Falls, world-class golf, and the Horseshoe Bay Resort, Lot 120 is your opportunity to enjoy Hill Country living at its finest-privacy, beauty, and a genuine sense of community. Build your dream retreat at Lot 120 in The Trails of Horseshoe Bay and experience the best of the Texas Hill Country.
Full Property Details
Full Property Details for Lot 120 Overlook Pkwy
General
- Price: $1,000,000
- HOA FEE: $127/month
- HOA FEE FREQ.: Annually
- Taxes: (2025)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 3767403
- Updated: 11/21/2025
- Added to Site: 59 day(s) ago
Additional Information
- Shared Amenities: Common Grounds/Area, Clubhouse, Community Mailbox, Equestrian Community, Gated, Kitchen Facilities, Lake, Pool, See Remarks, Trails/Paths
- Shared Pool: Yes
- Pool: Yes
- Pool Description: Community
Exterior
- Exterior Features: Dock
Location
- Area: LL
- County: Llano
- Subdivision: The Trails Of Lake LBJ
- Driving Directions: From Hwy 71 and CR 2831, Proceed North on 2831 to the Trails Entrance. Left on Overlook Pkwy, Continue past Alexis Lane and Kelly Lane, lot on the left in cul-de-sac (heavily wooded)
School Information
- Elem School District: Llano ISD
- Midd School District: Llano ISD
- High School District: Llano ISD
- Elementary School: Packsaddle
- Middle School: Llano
- High School: Llano
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: The Trails of LakeLB
- Assoc. Fees Include: Common Area Maintenance
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Phone Available, Underground Utilities
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: None
Lot Features
- Property View: Park/Greenbelt, Hills, Creek/Stream
- Lot Size (Acres): 5.3
- Lot Size (Sq. Ft.): 230,868
- Lot Dimensions: 50 x 950
- Topography: Rolling
- Lot Features: Interior Lot, Irregular Lot, Many Trees, Trees Medium Size, Rolling Slope
- Fencing (Description): None
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Barn, Boarding Facilities, Pasture, Stable(s)
Water Features
- Water Front Desc.: Creek, Seasonal, Stream
Financial Considerations
- Association Fee: $1,524
- Assoc Fee Freq.: Annually
- Assessment Amount: $784,068
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: THE TRAILS OF LAKE LBJ PHASE THREE LT 120 5.300 AC INV VALUE
- Disclosures/Reports: None
- Property ID: 132340030200
Listed by Keller Williams Realty
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Price & Sales History for Lot 120 Overlook Pkwy
Date
Details
Price
Change
Source
11/21/2025
Listed
$1,000,000
—
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 Lot 120 Overlook Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,144
-52%
$214,420
18%
2024
$2,405
16%
$182,484
20%
2023
$2,073
33%
$152,070
74%
2022
$1,561
6%
$87,180
-43%
2020
$1,475
—
$152,070
66%
2020
$1,475
-5%
$91,610
—
2019
$1,549
-46%
$91,610
-45%
2018
$2,882
—
$166,560
—
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 Lot 120 Overlook Pkwy
Lot 120 Overlook Parkway, Horseshoe Bay, TX 78657 (MLS# 3767403) is a Lots/Land property with a lot size of 5.3 acres. Lot 120 Overlook Parkway is currently listed for $1,000,000 and was received on November 21, 2025. Want to learn more about Lot 120 Overlook Parkway? Do you have questions about finding other Lots/Land 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.

