Leave a Message
Thank you for your message. I will be in touch with you shortly.
Explore My Properties

Property Description

Experience refined lakefront living in this exceptional townhome located within a gated waterfront community on Lake LBJ. Offering direct lake access and resort-style amenities, this residence presents a rare opportunity to enjoy privacy, security, and a true lakeside lifestyle. The home features direct access to Lake LBJ via a private boat dock, making it ideal for boating and water recreation enthusiasts. Residents also enjoy access to a beautiful in-ground community pool, enhancing the relaxed, resort-like atmosphere. Inside, the main living area is open, bright, and thoughtfully designed, with expansive wall-to-wall windows that showcase stunning lake views and fill the space with natural light. The seamless layout creates an inviting environment for both everyday living and entertaining. The main level offers two well-appointed bedrooms. The primary bedroom includes an en-suite bathroom and walk-in closet, while the guest bedroom is conveniently connected to a hallway bathroom, providing comfort and privacy for residents and guests alike. The entire second floor has been fully renovated into a theater and flexible living space, complete with a full bathroom. This versatile area is ideal for a media room, home office, entertainment lounge, or additional guest retreat. Combining lakefront access, modern updates, and a gated community setting, this townhome delivers an exceptional long-term rental opportunity on the constant-level waters of Lake LBJ.

Overview

Property Status
Leased
Date Sold
May 20, 2026
Lot Size
1,113 Sq.Ft.
MLS ID
176445
Property Type
Condo
Year Built
1986

Features & Amenities

Neighborhood
Horseshoe Bay
Water Frontage
Open Water
View Description
Hill Country, Lake, Panoramic
Water Source
Public
Pool
In Ground
Heat Type
Central
Air Conditioning
Central Air
Fireplace
One
Appliances
Dishwasher, Dryer, Disposal, Ice Maker, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
Sewer
Public Sewer
HOA Amenities
Pool, Water
Other Exterior Features
Balcony, Courtyard
School District
Marble Falls
Price Upon Request

Downloads

403 Island Drive

Schedule a Tour

I would love to help you see this beautiful home! As a full-service brokerage, I can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 403 Island Drive, Horseshoe Bay, TX 78657

403 Island Drive
Navigate
A suburban street lined with detached homes, landscaped lawns, and mature trees.

Explore Horseshoe Bay

read more

I'm Interested In

403 Island Drive

or
  • CallKale Stephens

    License #616942

    (512) 686-1610
  • Browse My

    Featured Properties

    • 7400 Park Road 4 S For Sale

      $8,000,000

      7400 Park Road 4 S, Burnet, TX 78611

      • 7 Beds
      • 8 Baths
      • 14,000 Sq.Ft.
    • 901 Sun Ray For Sale

      $3,950,000

      901 Sun Ray, Horseshoe Bay, TX 78657

      • 5 Beds
      • 6 Baths
      • 4,348 Sq.Ft.
    • Modern stone home beside an illuminated pool and sunken fire-pit patio at night. For Sale

      $2,677,000

      241 Lazy Oaks Lane, Kingsland, TX 78639-0000

      • 7 Beds
      • 8 Baths
      • 5,135 Sq.Ft.
    • Lakefront home with balconies, private docks, and boats on the water. For Sale

      $2,000,000

      1103 The Cape, Horseshoe Bay, TX 78657

      • 4 Beds
      • 5 Baths
      • 3,737 Sq.Ft.
    • Waterfront home with a covered dock extending over the lake. For Sale

      $1,490,000

      600 Deep Cove DR, Granite Shoals, TX 78654

      • 4 Beds
      • 4 Baths
      • 2,974 Sq.Ft.
    • Waterfront home with a raised deck, dock, kayaks, and boat lift. For Sale

      $1,250,000

      1605 Glencove DR, Kingsland, TX 78639

      • 3 Beds
      • 2 Baths
      • 1,757 Sq.Ft.
    • Modern stone-and-stucco home with wood trim, broad windows, central steps, and a landscaped lawn. For Sale

      $1,250,000

      583 Comanche Ridge, Round Mountain, TX 78663-0000

      • 4 Beds
      • 5 Baths
      • 3,780 Sq.Ft.
    • 415 Horseshoe Bay North Boulevard For Sale

      $1,175,000

      415 Horseshoe Bay North Boulevard, Horseshoe Bay, TX 78657-0000

      • 4 Beds
      • 4 Baths
      • 2,375 Sq.Ft.
    • 322 Spider Valley For Sale

      $1,169,000

      322 Spider Valley, Horseshoe Bay, TX 78657

      • 3 Beds
      • 5 Baths
      • 3,208 Sq.Ft.
    • Waterfront lawn and patio beneath mature trees, with a boat and floating lounge on the canal. For Sale

      $950,000

      1001 Shorewood DR, Granite Shoals, TX 78654

      • 2 Beds
      • 2 Baths
      • 1,200 Sq.Ft.
    • White house with dark metal roofs and a three-car garage at the end of a curved driveway. For Sale

      $849,000

      404 Turquoise, Horseshoe Bay, TX 78657

      • 3 Beds
      • 3 Baths
      • 2,546 Sq.Ft.
    • 700 Gold Dust For Sale

      $795,000

      700 Gold Dust, Horseshoe Bay, TX 78657

      • 3 Beds
      • 2 Baths
      • 2,439 Sq.Ft.
    • Aerial view of wooded rural acreage and open fields beneath a pink sunset sky. For Sale

      $750,000

      2104 CR 120A - Tract l, Marble Falls, TX 78654-0000

    • Aerial view of a brush-covered tract with scattered trees and a distant house beneath a sunset sky. For Sale

      $750,000

      2104 CR 120A - Tract lll, Marble Falls, TX 78654

    • 625 Skyline Drive For Sale

      $750,000

      625 Skyline Drive, Kingsland, TX 78639

      • 4 Beds
      • 4 Baths
      • 3,593 Sq.Ft.
    • Aerial view of waterfront condominium buildings beside a lake, with marina docks and homes across the water. For Sale

      $675,000

      101 West Bank Unit 44, Horseshoe Bay, TX 78657-0000

      • 3 Beds
      • 2 Baths
      • 1,344 Sq.Ft.
    • Covered lakeside deck with blue-cushioned seating overlooking the water at sunset. For Sale

      $550,000

      1100 The Cape, Horseshoe Bay, TX 78657

      • 3 Beds
      • 2 Baths
      • 1,141 Sq.Ft.
    • Single-story stone-and-siding home with a two-car garage and landscaped front lawn. For Sale

      $449,000

      105 Plumbago Lane, Marble Falls, TX 78654

      • 4 Beds
      • 3 Baths
      • 2,022 Sq.Ft.
    • Stone house with a metal roof, double garage, broad driveway, and green lawn. For Sale

      $410,000

      302 Parallel CIR, Horseshoe Bay, TX 78657

      • 2 Beds
      • 3 Baths
      • 1,641 Sq.Ft.
    • Single-story stone-front house with a large pine tree obscuring part of its facade. For Sale

      $339,000

      400 N River Oaks DR, Burnet, TX 78611

      • 3 Beds
      • 2 Baths
      • 2,130 Sq.Ft.
    • Aerial view of homes and tennis courts beside a lake. For Sale

      $299,999

      200 Free Rein, Horseshoe Bay, TX 78657

      • 2 Beds
      • 3 Baths
      • 1,177 Sq.Ft.
    • Aerial view of homes and tennis courts beside a lake. For Sale

      $299,999

      200 Free Rein # 5, Horseshoe Bay, TX 78657

      • 2 Beds
      • 3 Baths
      • 1,177 Sq.Ft.
    • Aerial view of a brush-covered vacant lot outlined in red beside paved roads. For Sale

      $250,000

      Lot 20 Comanche Ridge, Round Mountain, TX 78663

    • 201 18 street For Sale

      $205,000

      201 18th Street, Horseshoe Bay, TX 78657

      • 4 Beds
      • 2 Baths
      • 1,578 Sq.Ft.
    • Aerial view of a clubhouse and glowing pool on a wooded hillside at dusk. For Sale

      $195,000

      Lot 82 Big Creek Drive, Kingsland, TX 78639-0000

    • Vacant brush-covered lot outlined in red beside a cul-de-sac, with homes nearby. For Sale

      $165,000

      Lot 196 Marble Falls Court, Spicewood, TX 78669

    • Aerial view of two homes on spacious wooded lots, including a tan house with a red tile roof and a white house with a metal roof. For Sale

      $20,000

      713 Fallow, Horseshoe Bay, TX 78657-0000

    • Lakefront homes with private docks line the shore beneath a broad view of the lake. For Lease

      $5,000/mo

      1301 The Cape, Horseshoe Bay, TX 78657

      • 4 Beds
      • 5 Baths
      • 3,682 Sq.Ft.
    • Two-story stucco home with an arched entry, double garage, and American flag. For Lease

      $4,000/mo

      112 Big Sky, Horseshoe Bay, TX 78657

      • 3 Beds
      • 4 Baths
      • 3,250 Sq.Ft.
    • Covered balcony with wicker seating overlooks a marina and lake. For Lease

      $3,500/mo

      101 West Bank, Horseshoe Bay, TX 78657

      • 3 Beds
      • 2 Baths
      • 1,344 Sq.Ft.
    • Waterfront townhomes with terraced decks and covered boat slips along a canal. For Lease

      $3,500/mo

      415 N Horseshoe Bay Boulevard, Horseshoe Bay, TX 78657

      • 4 Beds
      • 5 Baths
      • 2,375 Sq.Ft.
    • Stone home with a metal roof, double garage, and broad concrete driveway. For Lease

      $2,400/mo

      302 Parallel Circle, Horseshoe Bay, TX 78657-0000

      • 2 Beds
      • 3 Baths
      • 1,640 Sq.Ft.
    • Stone house with a prominent arched entry, red front door, and broad lawn. For Lease

      $2,200/mo

      625 Skyline Drive, Kingsland, TX 78639

      • 2 Beds
      • 3 Baths
      • 2,074 Sq.Ft.
    • 847 Pecan Ln For Lease

      $2,200/mo

      847 Pecan Ln, Cottonwood Shores, TX 78657

      • 3 Beds
      • 2 Baths
      • 1,590 Sq.Ft.
    • Stone-fronted single-story house with warmly lit windows, partly screened by a large pine tree at dusk. For Lease

      $2,000/mo

      400 N River Oaks Drive, Burnet, TX 78611-0000

      • 3 Beds
      • 2 Baths
      • 2,130 Sq.Ft.
    • Stone house with a covered arched porch, double garage, and broad concrete driveway. For Lease

      $2,000/mo

      623 Skyline Drive, Kingsland, TX 78639

      • 2 Beds
      • 2 Baths
      • 1,175 Sq.Ft.
    • Aerial view of a multi-story home with stone chimneys, roof skylights, balconies and a lawn. For Lease

      $1,800/mo

      107 Lachite, Horseshoe Bay, TX 78657

      • 3 Beds
      • 4 Baths
      • 2,099 Sq.Ft.
    • 201 18 street For Lease

      $1,500/mo

      201 18 street, Horseshoe Bay, TX 78657

      • 4 Beds
      • 2 Baths
      • 1,578 Sq.Ft.
    View All

    Follow Us On Instagram