204 Blue Ground, Horseshoe Bay, TX — photo 1
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$465,000
3 beds5 baths2,450 sqft

204 Blue Ground, Horseshoe Bay TX 78657

MLS #239215287 · LPT Realty, LLC · Janis Busse

Residential
Built in 1983
8,211,885,120 sqft Lot
$190/sqft
HOA $795 / annually

About this home

On one of Horseshoe Bay West’s most established and increasingly valuable streets, 204 Blue Ground offers a rare chance to renovate at a difficult-to-find $465,000 entry level price point. Known for its mature trees, established homes, strong full-time resident presence, and warm neighborhood feel, Blue Ground is rapidly evolving through new construction and the thoughtful renovation of existing homes. This 2,450-sq-ft, 3-bedroom, 5-bath home already has the bones buyers want: classic, contemporary Hill Country style, a dramatic great room with soaring ceilings and a large stone fireplace, a wet bar, and an open connection to the dining area and kitchen. The spacious primary suite includes wood floors, two closets, two full baths and direct access to a conditioned sunroom not included in the recorded square footage. Two guest bedrooms share a bath, while the upstairs flex space with full bath can serve as a study, studio, library, playroom, or overflow guest area. Mature trees shade the fully fenced backyard and patio, creating a peaceful setting ready for a buyer’s vision. A new main HVAC system was installed in July 2026. Short-term rentals are allowed. Upon application and acceptance, membership at The Club at Horseshoe Bay Resort provides access to golf, tennis, pickle ball, pools, fitness, dining, and other private amenities.

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
1983
Full baths
5
Lot size
82x118x85x120
Subdivision
Horseshoe Bay West
MLS area
LL
MLS #
239215287

Features

Interior features

  • High Ceilings
  • Vaulted Ceiling(s)
  • In-Law Floorplan
  • Interior Steps
  • Primary Bedroom on Main
  • Study/Home Office
  • Walk-In Closet(s)
  • Wet Bar

Exterior features

  • Private Yard

Additional details

Parking
Attached, Garage Door Opener
Garage spaces
2
Roof
Tile
Foundation
Slab
HOA
$795 / annually
Annual tax
$6,356

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Schools

Assigned schools per the MLS.

School district
Llano ISD
Elementary
Llano
Middle
Llano
High
Llano

Comparable homes near 204 Blue Ground

Similar homes currently for sale nearby, ranked by distance.

Getting around

Downtown Austin
43.3 mi
Austin-Bergstrom Airport
49.6 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
39% below
Homes with a price cut
30%

At $465,000, this home is priced 39% below the $759,000 median across 305 active homes in ZIP 78657.

Estimated monthly payment

$3,141/mo
Principal & interest$2,351/mo
Property taxes
Home insurance (est.)
HOA dues

Home price

$465,000

Down payment

20% ($93,000)

Loan details

30-yr fixed, 6.50%

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Listing courtesy of LPT Realty, LLC · Janis Busse

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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