Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    83E Applehead Island Drive Horseshoe Bay, TX 89657

    View on Map
    For Sale
    $895,000

    LAND - Horseshoe Bay, TX

    Lot size:
    0.28 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    30
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 83E Applehead Island Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    052454
    Lot size
    0.28 Acres

    Taxes and HOA fees

    TaxDescription
    Lot 83E, Applehead Island, Horseshoe Bay, Llano County, Texas

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jan Busse
    Jan Busse

    Listing agent Jan Busse License #0561873

    Listing office Busse Group Real Estate 7501 Hwy 2147 W Ste 100, Horseshoe Bay, TX

    Listing date Mar 2, 2026

    MLS# 176801

    Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Homesite on Applehead Island

    Located within the gated community of Applehead Island in Horseshoe Bay, Lot 83E presents an opportunity to build a waterfront home. This 0.28-acre homesite is situated on a protected canal, providing access to open water. The property is part of a 24-hour guarded community known for its architectural variety and location on Lake LBJ. Every residence on Applehead Island is custom-designed. Ownership includes access to private amenities such as a swimming pool, clubhouse, tennis and pickleball courts, and landscaping throughout the gated community. The location offers proximity to Horseshoe Bay Resort's amenities, dining, and the lifestyle of Applehead Island.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Gym & Fitness Center Hotel & Motel Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Horseshoe Bay
    County
    Llano
    State
    Texas
    Longitude
    -98.3957755
    Latitude
    30.557738

    Nearby Similar for Sale

    • $945,000

      Horseshoe Bay Homesite Opportunity

      Homesite in exclusive gated community with access to premier amenities.
      Applehead Island lot: 8, Horseshoe Bay, TX 78657
      View Details
    • $759,000

      Horseshoe Bay Land Opportunity

      7.59 acres near Horseshoe Bay with city water access.
      1010 Ranch Road 2831 lot: 14, Horseshoe Bay, TX 78657
      View Details
    • $350,000

      Horseshoe Bay Golf Course Lot

      Build your dream home in Escondido Golf and Lake Club.
      La Serena Loop lot: 203, Horseshoe Bay, TX 78657
      View Details
    • $49,000
      12,197 SF

      Horseshoe Bay Land Opportunity

      Residential land in Horseshoe Bay with lake access.
      38 Taylor Dr, Horseshoe Bay, TX 78657
      View Details
    • $60,000
      9,148 SF

      Horseshoe Bay Land Opportunity

      Residential land near Lake Marble Falls, Texas Hill Country.
      5 FM 2147, Horseshoe Bay, TX 78657
      View Details
    • $785,000
      2,146 SF

      Horseshoe Bay Townhome with Golf Views

      Updated townhome with golf course and Hill Country views.
      402 Lost Echo unit: 8, Horseshoe Bay, TX 78657
      View Details
    • $599,000

      Waterfront Lot on Applehead Island

      Waterfront lot in Horseshoe Bay's prestigious gated community.
      48 Applehead Island Dr, Horseshoe Bay, TX 78657
      View Details
    • $25,000
      11,378 SF

      Horseshoe Bay Homesite Opportunity

      Homesite in Horseshoe Bay West, across from Lake LBJ.
      Apache Tears lot: W34027, Horseshoe Bay, TX 78657
      View Details
    • $55,900

      Level Lot with Views

      Large, level lot in Horseshoe Bay ready for your dream home.
      Hi Ridge lot: 41062, Horseshoe Bay, TX 78657
      View Details
    • $789,000

      Waterfront Homesite in Horseshoe Bay

      Rare 0.75-acre waterfront lot with boat slip and custom plans.
      612 Pecan Creek Drive, Horseshoe Bay, TX 78657
      View Details
    • $217,000

      Horseshoe Bay Land Opportunity

      Two lots combined totaling 0.55 acres in Horseshoe Bay, TX.
      W16047 and W160 Plenty Deer, Horseshoe Bay, TX 78657
      View Details
    • $49,900

      Horseshoe Bay Oversized Lot

      Oversized lot in Horseshoe Bay West, ready for building.
      Cats Eye lot: W12026, Horseshoe Bay, TX 78657
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream waterfront retreat on Lake LBJ.
    Where is this residential land & home lot located?
    The property is located at 83E Applehead Island Drive Horseshoe Bay, TX.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Waterfront property on Lake LBJ with quick access to open water.; Located on Applehead Island, a prestigious, secure, 24‑hour guarded, gated community.; Access to exclusive Island amenities: multi‑million‑dollar pool, clubhouse, tennis and pickleball courts.
    (512) 755-3889
    We can help!
    Listing Contact
    Jan Busse
    Jan Busse
    Real Estate License ID: 0561873
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!