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Horseshoe Bay, Texas is located on the southern side of Lake Lyndon B. Johnson in both Llano and Burnet counties. The location next to the lake offers some amazing views for residents and tourists. Horseshoe bay is located only 6 miles away from Marble Falls, Texas. It has a little bit of everything, from fine dining, lake access, golf courses, and excellent resorts. It is the perfect place to relax.