151 Applehead Island DR, Horseshoe Bay, TX — photo 1
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$5,395,000
5 beds5 baths5,102 sqft

151 Applehead Island DR, Horseshoe Bay TX 78657

MLS #244454410 · ALEX · Diane Alexander

Residential
Built in 1992
0.24 Acres Lot
$1,057/sqft
HOA $5,717 / annually

About this home

THE POINT ON THE ISLAND — 270 DEGREES OF WATER FRONTAGE. 186 FEET WATER FRONTAGE. There are waterfront homes, and there are homes that command the water. Sited at a rare tip of an Applehead Island peninsula, this residence holds the single most coveted position on the island—where the land runs out and the water takes over on three sides. The video is superb check out the link below. Lake LBJ unfolds in a full 180 degrees of unobstructed open water. Add the 90 degrees on the canal and the home claims a remarkable 270 degrees of total water frontage. The canal is 180 feet wide. Rebuilt as a contemporary residence in 2022 and reimagined, updated and repaired by the current owner to an exacting standard—clean white volumes, warm white-oak floors, black steel window walls and soaring vaulted ceilings that pull the lake inside. A level of investment that could not be replicated today for $7 million. The gourmet kitchen is a genuine masterpiece: a large center island, double Wolf ovens, built-in refrigeration, wine cooler, custom cabinetry, expansive stone surfaces, a separate butler's pantry and electric shades that glide open to the lake. Walls of glass frame the water from nearly every principal room. A metal and steel cable staircase and floating catwalk connect both levels. The primary suite opens to a walk-out balcony with endless water and palm framed views, served by a spa inspired bath with freestanding tub and glass shower. Generous secondary suites, a game room beneath a statement chandelier, a media lounge, and a custom bunk room ensure a place—and a view—for everyone. Outside: a resort pool at the water's edge, a covered cabana with full outdoor kitchen, steel cable balconies overlooking the lake and a private dock with slips and lifts delivering you straight into open water. Personal property and furnishings available as a separate sale. This is not a home with a water view. It is a home that owns the water around it.

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
1992
Full baths
5
Lot size
0.24
Subdivision
Applehead Island
MLS area
LL
MLS #
244454410

Features

Interior features

  • 2 Primary Suites
  • Bar
  • Breakfast Bar
  • Dry Bar
  • Electric Dryer Hookup
  • Kitchen Island
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Smart Home
  • Smart Thermostat
  • Soaking Tub

Exterior features

  • Balcony
  • Barbecue
  • Exterior Steps
  • Outdoor Grill

Additional details

Parking
Driveway
Garage spaces
3
Roof
Metal
Foundation
Slab
HOA
$5,717 / annually
Annual tax
$47,872

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Schools

Assigned schools per the MLS.

School district
Llano ISD
Elementary
Llano
Middle
Llano
High
Llano

Comparable homes near 151 Applehead Island DR

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
43.7 mi
Austin-Bergstrom Airport
50 mi

Straight-line distance, not drive time.

Market insights

Compared with 305 active homes in ZIP 78657 · HomeLocating listings

Area median price
$759,000
This home vs. median
611% above
Homes with a price cut
30%

At $5,395,000, this home is priced 611% above the $759,000 median across 305 active homes in ZIP 78657.

Estimated monthly payment

$33,993/mo
Principal & interest$27,280/mo
Property taxes
Home insurance (est.)
HOA dues

Home price

$5,395,000

Down payment

20% ($1,079,000)

Loan details

30-yr fixed, 6.50%

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Listing courtesy of ALEX · Diane Alexander

Listing data last updated Oct 2, 2026, 11:46 PM

Information is deemed reliable but not guaranteed and should be independently verified. Listing information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2026 HomeLocating.com.

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