This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/44
$1,540,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/44
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.OWNER/AGENT
Full Property Details
Full Property Details for 517 Waterway Ln
General
- Price: $1,540,000
- HOA FEE: $8/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: Highland_Lakes_MLS
- MLS ID: 178889
- Updated: 8/13/2026
- Added to Site: 29 day(s) ago
Interior
- Rooms/Areas: Dining Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Main Level Master Bdrm
- Interior Features: Breakfast Bar, Pantry, Walk-In Closet(s)
- Appliances: Dishwasher, Disposal, Microwave, Washer Hookup, Electric Water Heater
- Flooring: Stained Concrete
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Water
Location
- County: Burnet
- Subdivision: Vanishing Texas
- Driving Directions: 281 TO HWY 29 * RIGHT ON 2341 * LEFT ON ED LOW DRIVE * LEFT ON WATERWAY LANE * PROPERTY IS AT THE END OF WATERWAY LANE AT GATE ENTRANCE
School Information
- High School District: Burnet
Community
- Association: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Well
Structural Information
- Construction: Stucco
- Foundation: Slab
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 2,524
- Sq. Ft. Source: County Records
- Living Area: 2,524 Sq. Ft.
- Year Built: 1989
Unit Information
- Residential Units: 1
Lot Features
- Lot Size (Acres): 1.38
- Lot Size (Sq. Ft.): 60,461
- Lot Dimensions: 338 x 1
- Frontage: Paved Road
- Topography: Cleared Land
Water Features
- Water Front Type: Open Water
- Water Front View: Lake Buchanan West
Financial Considerations
- Price Per Sq. Ft.: $610.14
- Association Fee: Yes
- Association Fee: $100
- Assoc Fee Freq.: Annually
Disclosures and Reports
- Legal Description: S8455 VANISHING TEXAS LOT 8 SEC 2 &.052 AC
- Property ID: 44926
Listed by Ruzicka Real Estate, KAREN RUZICKA
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
8/13/2026
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# 178889) is a Single Family property with 2 bedrooms and 2 full bathrooms. 517 Waterway Lane is currently listed for $1,540,000 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.

