603 Waterway Ln, Burnet, TX, 78611 - MLS# 8136931

$700,000

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Beds 2
Baths 2
Sqft 1,112
Acres 2.03
Property Type Home
Heating Central
Parking Asphalt, Door-Single, Detached, Garage, Garage Door Opener
Year Built 1995
Stories 1
Cooling Central Air
Days on Market 131
Garages 2

About 603 Waterway Ln

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.

Location

Legal Description S8250 SWISS VILLAGE LOT 3C 2.04
Address 603 Waterway Ln
County Burnet
City Burnet
Zip Code 78611
Subdivision Swiss Village
School District BurnetCONSISD
MLS Area BU

Size and Restrictions

Acres 2.03
Lot Description Irregular Lot, Private, Many Trees, Views
Horses Allowed No
$/Acre $344,828

Improvements

Parking Asphalt, Door-Single, Detached, Garage, Garage Door Opener
Garage Spaces 2
Fence Split Rail
Exterior Features Exterior Steps, Lighting, Outdoor Grill

Features

View Hills, Lake, Trees/Woods, Water
Water Access Lake Front, Waterfront
Waterfront Lake Buchanan

Utilities

Water Well, Municipal Utility District
Utilities Electricity Connected, Water Connected

Amenities

Area Amenities None

Beds and Baths

Bedrooms 2
Main Level Beds 2
Bathrooms 2 full
Primary on Main No

Other Rooms

Kitchen Appliances Built-In Electric Range
Laundry Facilities Inside

Heating and Cooling

Heating Central
Air Conditioning Central Air
Fireplaces Family Room, Gas Log

Interior Features

Flooring Tile
Features Ceiling Fan(s), Eat-in Kitchen, Quartz Counters, Recessed Lighting
Disability None

Building Information

Square Feet 1,112
Year Built 1995
# of Stories 1
Building Faces North
Construction Wood Siding
Foundation Slab
Roof Composition

Property Features

Exterior Features Exterior Steps, Lighting, Outdoor Grill

Garage and Parking

Garage Garage Door Opener
Parking Asphalt, Door-Single, Detached, Garage, Garage Door Opener

Financial

$/Sq Ft $629
$/Acre $344,828
Special Conditions DeedRestrictions
Documents Available See Remarks

Property Taxes

Appraisal District Burnet
Estimated Taxes $10,903
Tax ID 43235
Tax Year 2025

Homeowner Association

Has HOA Yes
HOA Fee $400 - Annually

Listing Details

OfficeCompass RE Texas, LLC
Contact Info(512) 605-9590

Listing Map

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