Waterfront
Address
603 Waterway Ln, Burnet, TX
Price
$ 700,000
Property Attributes
- MLS#8136931
- TypeSingle Family
- Listing Status Active
- CountyBURNET
- CityBurnet
- AreaBU
- NeighborhoodSwiss Village
- Zip78611
- StyleSingle Family Residence
- Year Built1995
- Taxes$ 10902
- Price$ 700,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1112
- Lot Size2.03 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
Rare income-producing waterfront estate on Lake Buchanan! Situated on 2.03 unconstrained acres with 213 feet of shoreline located directly at year-round deep water, this prime Hill Country property offers the ultimate combination of immediate lakefront living, cash-flow potential, and custom development flexibility. It is conveniently located just 90 minutes from Austin and 20 minutes from Marble Falls. The property features a charming 1-bedroom main house plus a separate studio casita equipped with a kitchenette and full bath, offering 1,112 total square feet. It is short-term rental ready with a proven track record. Live in one unit and rent the other, operate both as a dual-unit getaway, or keep the entire compound as your private weekend retreat. A detached two-car garage provides ideal storage for boats, jet skis, and lake gear. Enjoy the full lake house lifestyle from day one while designing and permitting your dream luxury primary residence on the elevated upper pad overlooking panoramic water views. The existing residences easily preserve as a completed guest compound or income-producing rental. With broad acreage, low Burnet County tax rates, and year-round deep-water access, 603 Waterway represents one of the most versatile waterfront opportunities on Lake Buchanan. Schedule your private tour today.
| Elementary School | Middle School | High School |
|---|---|---|
| Burnet Elementary School | Burnet (Burnet ISD) Middle School | Burnet High School |
| Price History | |
|---|---|
| 6/3/2026 | Listed $700,000 |
General Features
| Living Area | 1112 |
|---|---|
| Sewer | Aerobic Septic |
| Heating | Central |
| Cooling | Central Air |
| Utilities | Electricity Connected,Water Connected |
| Roof | Composition |
| Appliances | Built-In Electric Range |
| HOA Fee | 400 |
| Garage Spaces | 2 |
| Patio/Porch Features | Deck |
| Pool Features | None |
| Construction Materials | Wood Siding |
| Year Built | 1995 |
| View | Hill Country,Lake,Trees/Woods,Water |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | Lake Front,Waterfront |
| Community Features | None |
| Accessibility | None |
| Assoc Fee Paid Per | Annually |
| County | Burnet |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Energy Efficient | None |
| Subdivision Name | Swiss Village |
| Facing Direction | North |
| Green Sustainability | None |
| Other Structures | Garage(s),Guest House |
| Full Baths | 2 |
| Status | Active |
| Directions | From State Hwy 29,Go north on FM 2341,Left on Ed Low Dr,Left on Waterway Ln,House is on the left. |
| High School | Burnet |
| City | Burnet |
| Body of Water | Lake Buchanan |
| Disclosures | MUD |
| MLS Area | BU |
| Lot Size Square Feet | 88426.8 |
| Elementary School | Burnet |
| Tax Annual Amount | 10902.95 |
| Middle/Junior High School | Burnet (Burnet ISD) |
| Property Condition | Resale |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 850000 |
Interior Features
| Interior Amenities | Ceiling Fan(s),Quartz Counters,Eat-in Kitchen,Recessed Lighting |
|---|---|
| Flooring | Tile |
| Total Fireplaces | 1 |
| Fireplace Features | Family Room,Gas Log |
| Window Features | Double Pane Windows |
| Total Bedrooms | 2 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Exterior Steps,Lighting,Outdoor Grill |
|---|---|
| Fencing | Split Rail |
| Parking Features | Asphalt,Detached,Door-Single,Garage,Garage Door Opener |
| Lot Features | Irregular Lot,Private,Many Trees,Views |
| Water Source | Well |
| Total Parking | 2 |
| Foundation Details | Slab |
| Lot Size Acres | 2.03 |
| Waterfront Y/N | Yes |
| Covered Spaces | 2 |
| Horse Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78611
Price
Taxes
Year Built
Visits
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Information provided courtesy of LERA MLS. IDX information is provided exclusively 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. Information is believed to be accurate but not guaranteed. Provided courtesy of LERA MLS. Copyright 2026 LERA MLS, All Rights Reserved. Data last updated September 13, 2026 5:38 PM UTC
Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
