Date
Details
Price
Change
Source
3/31/2026
Listed
$769,984
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$769,984 Just Listed
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Property Description
Welcome to 515 E Island Dr-an exceptional opportunity to own generational waterfront on Lake Buchanan's coveted Shaw Island, where only a select few properties are surrounded by water on all sides.Set on approximately 1 acre in Bluffton, Texas, this 4-bedroom, 3-bath retreat is designed to capture the lake from nearly every angle. Expansive windows frame panoramic views, filling the home with natural light & creating a seamless indoor-outdoor connection. The open-concept kitchen & living area offer an inviting space for entertaining or relaxing, all with the water as your constant backdrop. Multiple bedrooms provide peaceful, private retreats with stunning views. An attached guest house adds flexibility and value, featuring its own open-concept layout, private bedroom, & full bath with a striking walk-in shower-ideal for hosting guests,family, or a secluded escape. Step outside to your waterfront setting, where a sprawling backyard, expansive patio, & outdoor fireplace create the perfect environment for entertaining or unwinding as Hill Country sunsets stretch across the lake. Lot 100 directly across the street is included, offering additional space & a place to build a shop to store all of your lake toys! Located near Burnet, enjoy easy access to boating, fishing, & top Hill Country attractions, including Inks Lake State Park, Longhorn Cavern, wineries, golf, and local dining. 520 E Island Dr, located caddy-corner is also for sale separately Make it a family compound or multi property lake retreat!
Full Property Details
Full Property Details for 515 E Island Dr
General
- Price: $769,984
- Status: Active
- Type: Single Family
- Source: Highland_Lakes_MLS
- MLS ID: 177270
- Updated: 3/31/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Breakfast Bar
- Fireplace: Yes
- Fireplace(s): One, Other, One, Other
- Appliances: Dishwasher, Electric Range, Refrigerator, Washer Hookup, Electric Water Heater
- Flooring: Hardwood, Stained Concrete
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Additional Information
- Shared Amenities: Pool
- Pool: Yes
- Pool Description: Above Ground
Exterior
- Exterior Features: Open Concrete Areas, Garden, Sprinkler System
Location
- County: Llano
- Subdivision: Island Village
- Driving Directions: TX-261 N 5.4 mi- Sharp right towards Shaw Island Rd 154ft. Continue on Shaw Island Rd for 3.8 mi. Continue on E Island Dr. Destination on the left.
School Information
- High School District: Llano
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Well
Structural Information
- Construction: Wood Siding
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 2,196
- Sq. Ft. Source: Owner
- Living Area: 2,196 Sq. Ft.
- Year Built: 1984
Unit Information
- Residential Units: 1
Lot Features
- Property View: Lake, Panoramic
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,215
- Lot Dimensions: irregular
- Frontage: Paved Road
- Topography: Cleared Land
Water Features
- Water View: Yes
- Water Front Type: Open Water
- Water Front View: Lake Buchanan West
Green Features
- Energy Efficient: Ceiling Fan(s)
Financial Considerations
- Price Per Sq. Ft.: $350.63
Disclosures and Reports
- Legal Description: ISLAND VILLAGE SECTION 1 LTS 70, 71, & 72 ; 100
- Property ID: 13288
Listed by The Mannings Realty Group- eXp, Tammy Burnes-Manning
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Or call us at (800) 531-7667
Listing agent
— 515 E Island Dr —
Tammy Burnes-Manning
The Mannings Realty Group- eXp
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 515 E Island Dr
School District:Burnet Consolidated Independent School District
| Name | Grades | Distance |
|---|---|---|
Rj Richey Elementary School 500 East Graves Street, Burnet, TX 78611 | 3-5 | 12.2 mi |
Burnet Middle School, Burnet, TX 1401 North Main Street, Burnet, TX 78611 | 6-8 | 11.8 mi |
Burnet High School 1000 The Green Mile, Burnet, TX 78611 | 9-12 | 11.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 515 E Island Dr
Tax History
Tax History for 515 E Island Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,871
-8%
$523,289
-8%
2024
$6,386
-14%
$569,170
3%
2023
$7,463
-13%
$551,630
3%
2022
$8,536
79%
$536,190
7%
2020
$4,758
—
$503,460
52%
2020
$4,758
-2%
$331,290
2%
2019
$4,850
-1%
$323,510
2%
2018
$4,921
—
$318,220
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 515 E Island Dr
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- Single Family
- Active
- Updated 11 hours ago
- 3Beds
- 3Total Baths
515 E Island Drive, Bluffton, TX 78607 (MLS# 177270) is a Single Family property with 4 bedrooms and 3 full bathrooms. 515 E Island Drive is currently listed for $769,984 and was received on March 31, 2026. Want to learn more about 515 E Island Drive? Do you have questions about finding other Single Family real estate for sale in Bluffton? You can browse all Bluffton real estate or contact a Coldwell Banker agent to request more information.