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$1,399,900 -$100,000 (-6.67%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 3 Full Baths
  • 3,207 Sq. Ft.
  • 1.24 Acres
  • 2 Car Garage
  • Updated 1 day ago
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Sold FULLY FURNISHED if desired! Extraordinary waterfront retreat on Lake Buchanan featuring panoramic open-water views, massive elevated entertaining decks, mature shade trees, private boat dock, and a proven Airbnb rental history with nearly 40 five-star reviews. This turnkey lakefront property blends rustic Hill Country charm with exceptional indoor-outdoor living, creating an unforgettable destination for both owners and guests. The split-level main house features 2 bedrooms, 2 en-suite baths, a loft space, over-sized kitchen with gas cooktop, island, and granite countertops, a dining area with 180-degree lake views and a stone fireplace. The living space opens onto the large deck ideal for indoor/outdoor entertaining. The guesthouse across the street sits above an oversized 3 car garage that is currently being used as a game room for the short-term rental. The guesthouse has its own private entrance and includes a large living space with hill-top lake views, 1 bedroom, 1 bath, and kitchen. The guesthouse has proven long-term rental history but may also be used as additional living space for the short-term rental. The home sits on 1.24 acres with approximately 285 feet of direct water access to a deep-water cove. Water remained in the cove even in the most recent low lake levels in Summer of 2023. The floating dock and rolling stairs allow for fluctuating water levels. Next to the home is a unique dome with around 800 square feet of storage space, with endless opportunities for additional one-of-a-kind living space! There is also an additional undeveloped portion of the property that offers added privacy and potential to place an RV or two, with lake views. This property is a rare find on Lake Buchanan! Virtual tour link available on MLS.

Full Property Details for 1225 Waterway Ln

General

  • Price: $1,399,900
  • HOA FEE: $33/month
  • HOA FEE FREQ.: Annually
  • Taxes: (2021)
  • Status: Active
  • Type: Single Family
  • Source: Austin_MLS
  • MLS ID: 7528792
  • Updated: 7/10/2026
  • Added to Site: 44 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), High Ceilings, Interior Steps, Kitchen Island, Storage, Walk-In Closet(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room
  • Appliances: Double Oven, Dishwasher, Electric Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Trash Compactor
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Main Level, Washer Hookup, Electric Dryer Hookup

Additional Information

  • Shared Amenities: None
  • Security/Safety: None

Exterior

  • Exterior Features: Boat Lift, Balcony, Dock, Rain Gutters
  • Porch/Patio/Deck: Covered, Deck, Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 4
  • Parking Features: Detached

Location

  • Area: BU
  • County: Burnet
  • Subdivision: Swiss Village
  • Driving Directions: Take Highway 29 West from Burnet. Turn right on 2341 and go about 13.5 miles. Turn left on Ed Low Dr. Turn left on Waterway Ln. Main house will be on the left and guesthouse on the right.
  • Direction Faces: East

School Information

  • Elem School District: BurnetCONSISD
  • Midd School District: BurnetCONSISD
  • High School District: BurnetCONSISD
  • Elementary School: RJ Richey
  • Middle School: Burnet (Burnet ISD)
  • High School: Burnet

Community

  • Association: Yes
  • Assoc. Name: Swiss Village
  • Assoc. Fees Include: See Remarks

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Propane

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Well: Yes
  • Utility Description: Electricity Connected, Propane

Structural Information

  • Detached/Attached: Detached
  • Construction: Adobe, Stone, Wood Siding
  • Roof: Metal
  • Windows: None
  • Square Feet: 3,207
  • Living Area: 3,207 Sq. Ft.
  • Year Built: 1985
  • Year Built Source: Public Records
  • Property Condition: Resale

Additional Structures

  • Other Structures: Guest House, Storage

Lot Features

  • Property View: Hills, Lake, Panoramic
  • Lot Size (Acres): 1.24
  • Lot Size (Sq. Ft.): 54,014.4
  • Lot Features: Bluff, Sloped Down, Views
  • Fencing (Description): None

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: Lake Buchanan
  • Water Front Desc.: Lake Front, Waterfront, Boat Ramp/Lift Access
  • Lake Front: Yes

Financial Considerations

  • Association Fee: $400
  • Assoc Fee Freq.: Annually
  • Assessment Amount: $688,914
  • Tax Year: 2021
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • Documents Avail.: Survey
  • Legal Description: S8250 SWISS VILLAGE LOT 78, PTS OF 79 & 80, E 1/2 OF 75, 76, 77 & 111
  • Disclosures/Reports: Seller Disclosure
  • Property ID: 8250000000078000
  • Lot Number: 78

Listed by Listing Results, LLC

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Listing agent

— 1225 Waterway Ln —

  • Listing Results, LLC

(817) 283-5134

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1225 Waterway Ln

School District:Burnet Consolidated Independent School District
NameGradesDistance
Rj Richey Elementary School
500 East Graves Street, Burnet, TX 78611
3-513.6 mi
Burnet Middle School, Burnet, TX
1401 North Main Street, Burnet, TX 78611
6-813.2 mi
Burnet High School
1000 The Green Mile, Burnet, TX 78611
9-1213.3 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 1225 Waterway Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2026
Price Reduced
$1,399,900
-6.67%
MLS
5/29/2026
Listed
$1,499,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1225 Waterway Ln

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,506
-6%
$975,000
-4%
2024
$13,289
-1%
$1,017,317
-1%
2023
$13,423
-7%
$1,025,000
7%
2022
$14,437
35%
$959,976
39%
2021
$10,720
4%
$688,914
9%
2020
$10,345
-4%
$631,627
-1%
2019
$10,746
7%
$641,166
11%
2018
$10,071
—
$577,147
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Listing Results, LLC

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1225 Waterway Lane, Burnet, TX 78611 (MLS# 7528792) is a Single Family property with 3 bedrooms and 3 full bathrooms. 1225 Waterway Lane is currently listed for $1,399,900 and was received on May 29, 2026. Want to learn more about 1225 Waterway Lane? Do you have questions about finding other Single Family real estate for sale in Burnet? You can browse all Burnet real estate or contact a Coldwell Banker agent to request more information.

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