Waterfront investment opportunity in the heart of Horseshoe Bay Resort! Unit 602 at Cape Terrace offers fully furnished, single-level living with panoramic views of Lake LBJ and the Horseshoe Bay Marina. This beautifully updated 2-bedroom condo features a spacious open living area with water views from nearly every angle and a fabulous covered back porch perfect for morning coffee or sunset evenings. Located just steps from world-class resort amenities, this gated community allows short-term rentals, and the unit has a strong VRBO rental history with consistent bookings. Exclusive day docks are conveniently located just below the back deck, making lake days effortless. Walk to the Yacht Club, Marina, Spa, Hotel, and dining - and enjoy access to the only floating pool in North America. Whether you're seeking an income-producing property or the perfect weekend escape, this Lake LBJ condo checks every box.