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$1,535,000 -$5,000 (-0.32%) Price Reduced
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Property Description
FABULOUS WATERFRONT RETREAT ON LAKE BUCHANAN! Experience one of the most breathtaking waterfront settings in the Texas Hill Country, where spectacular panoramic views of the main body of Lake Buchanan create an unforgettable backdrop. This exceptional property offers a rare opportunity to enjoy the peaceful beauty of lake living while remaining conveniently close to nearby amenities. The immaculate one-story lake home features soaring ceilings, abundant natural light, and an inviting open feel designed to showcase the incredible views. Step outside onto the expansive vacation deck, where you'll enjoy morning coffee, evening sunsets, and endless opportunities to relax while overlooking the sparkling waters of Lake Buchanan. Designed for both recreation and convenience, the property includes its own private boat dock and boat ramp, making it easy to spend your days boating, fishing, kayaking, or simply enjoying the lake. A large metal building provides excellent storage, workshop space, and room for recreational equipment, while the spacious front lawn offers abundant parking for family and guests. The grounds are beautifully enhanced with impressive custom stonework, including elegant planters, staircases, and thoughtfully designed low-maintenance landscaping that complements the natural surroundings. Towering trees, native wildlife, and the serene beauty of the Texas Hill Country create an atmosphere that feels worlds away from everyday life. Whether you're searching for a full-time residence, a weekend escape, or a family retreat, this remarkable waterfront property offers a lifestyle of tranquility, recreation, and unforgettable beauty. It's more than a lake house ~ it's a destination where every day feels like a vacation. owner/agent
Full Property Details
Full Property Details for 517 Waterway Ln
General
- Price: $1,535,000
- HOA FEE: $8/month
- HOA FEE FREQ.: Annually
- Taxes: $12,594 (2026)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 9033654
- Updated: 8/26/2026
- Added to Site: 29 day(s) ago
Interior
- Interior Features: Breakfast Bar, Double Vanity, Entrance Foyer, Eat-in Kitchen, French Door(s)/Atrium Door(s), Main Level Primary, No Interior Steps, Open Floorplan, Pantry, Storage, Walk-In Closet(s)
- Appliances: Bar Fridge, Dishwasher, Electric Oven, Disposal, Microwave
- Flooring: Concrete, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main: 2
Other Rooms
- Laundry: Main Level, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: None
- Security/Safety: None
Exterior
- Exterior Features: Boat Ramp, Dock, Exterior Steps, Private Entrance, Private Yard, RV Hookup
- Porch/Patio/Deck: Front Porch
Parking
- Garage: Yes
- Garage Spaces: 7
- Covered Spaces: 7
- Total Spaces: 20
- Parking Features: Boat, Covered, Driveway, Detached, Enclosed, Gated, Outside, Oversized, Side By Side, Storage
Location
- Area: BU
- County: Burnet
- Subdivision: Vanishing Texas
- Driving Directions: 281 TO HWY 29 * RIGHT ON HWY 2341 * LEFT ON ED LOW DRIVE * LEFT ON WATERWAY LANE * PROPERTY IS AT THE END OF WATERWAY WAY LANE AT GATE ENTRANCE
- Direction Faces: South
School Information
- Elem School District: BurnetCONSISD
- Midd School District: BurnetCONSISD
- High School District: BurnetCONSISD
- Elementary School: Shady Grove
- Middle School: Burnet (Burnet ISD)
- High School: Burnet
Community
- Association: Yes
- Assoc. Name: VANISHING TEXAS
- Assoc. Fees Include: See Remarks
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Septic Tank
- Water: Cistern, Well
- Well: Yes
- Utility Description: Electricity Available, Electricity Connected, Water Available, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Stucco
- Roof: Metal
- Windows: Blinds
- Stories/Levels: 1
- Square Feet: 2,524
- Sq. Ft. Source: Public Records
- Living Area: 2,524 Sq. Ft.
- Year Built: 1989
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Garage(s), Outbuilding, Storage, Workshop
Lot Features
- Property View: Hills, Lake, Water
- Lot Size (Acres): 1.388
- Lot Size (Sq. Ft.): 60,461.28
- Fence: Yes
- Lot Features: Cleared, Front Yard, Gentle Sloping, Level, Open Lot, Private, Trees Medium Size, Views
- Fencing (Description): Front Yard, Partial
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Buchanan
- Water Front Desc.: Lake Front, Lake Privileges, Waterfront, Boat Ramp/Lift Access
- Lake Front: Yes
Financial Considerations
- Association Fee: $100
- Assoc Fee Freq.: Annually
- Assessment Amount: $991,001
- Tax Amount: $12,594.23
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: S8455 VANISHING TEXAS LOT 8 SEC 2 & .052 AC
- Disclosures/Reports: Seller Disclosure
- Property ID: 44926
- Lot Number: 8
Listed by Ruzicka Real Estate
Get Pre-Approved Today
Schools
Schools serving 517 Waterway Ln
School District:Burnet Consolidated Independent School District
| Name | Grades | Distance |
|---|---|---|
Rj Richey Elementary School 500 East Graves Street, Burnet, TX 78611 | 3-5 | 13.2 mi |
Burnet Middle School, Burnet, TX 1401 North Main Street, Burnet, TX 78611 | 6-8 | 12.8 mi |
Burnet High School 1000 The Green Mile, Burnet, TX 78611 | 9-12 | 12.9 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 517 Waterway Ln
Date
Details
Price
Change
Source
8/26/2026
Price Reduced
$1,535,000
-0.32%
MLS
8/13/2026
Price Reduced
$1,540,000
-3.14%
MLS
7/28/2026
Listed
$1,590,000
—
MLS
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
Tax History for 517 Waterway Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,712
-2%
$991,001
—
2024
$12,945
—
$991,001
—
2023
$12,978
-6%
$991,001
8%
2022
$13,761
20%
$915,008
24%
2021
$11,460
1%
$736,515
6%
2020
$11,347
-2%
$692,831
—
2019
$11,602
9%
$692,233
14%
2018
$10,611
—
$608,086
—
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 517 Waterway Ln
517 Waterway Lane, Burnet, TX 78611 (MLS# 9033654) is a Single Family property with 2 bedrooms and 2 full bathrooms. 517 Waterway Lane is currently listed for $1,535,000 and was received on July 28, 2026. Want to learn more about 517 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.

