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$699,714

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,112 Sq. Ft.
  • 2.03 Acres
  • 2 Car Garage
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Lake Buchanan Waterfront - Three Building Retreat Experience true lakefront living on 2.038 private acres in a gated hillside community offering natural flood protection, panoramic views, and direct access to Lake Buchanan. This property includes three buildings and 213 feet of exclusive waterfront-perfect for full?time residents, weekend escapes, or investment potential. Property Highlights - Main Home: 1 bedroom, 1 full bath, full kitchen and living room with air conditioning and heat for year round comfort. - Studio Apartment Building:** Open concept layout with full bath, electric air and heat-ideal for guests, rental income, or a private home office. - Detached Two Car Garage:** Room for vehicles, watercraft, or storage. - **Total Indoor Living Space:** 1,112 square feet (not including garage or deck). - **Private Utilities:** Well and septic system for lower monthly costs and independent water and waste service. - **Expansive Lot:** Over two full acres with space to expand, garden, or construct additional structures. - **Flexible Living Options:** Live in one building and rent the other, creating income potential or separate guest accommodations. - **Direct Lake Access:** Enjoy breathtaking sunsets, a large deck for entertaining, and 213 feet of private waterfront. - **Hillside Elevation:** Gated, high ground setting offers excellent natural flood protection and stunning views. ### Financial & Sale Details - **County Assessment:** $850,000 - Motivated Seller: Ready to close by **July 1, 2026.** This exceptional Lake Buchanan property delivers privacy, scenic beauty, and endless potential-an elevated waterfront retreat where comfort meets opportunity.

Full Property Details for 603 Waterway Ln

General

  • Price: $699,714
  • Taxes: $10,902 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Austin_MLS
  • MLS ID: 6402748
  • Updated: 4/15/2026
  • Added to Site: 178 day(s) ago

Interior

  • Interior Features: Quartz Counters
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Family Room, Gas Log
  • Appliances: Built-In Electric Range
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main: 2

Other Rooms

  • Laundry: Inside

Additional Information

  • Shared Amenities: None
  • Security/Safety: None

Exterior

  • Exterior Features: Boat Slip, Dock
  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 2
  • Parking Features: Asphalt

Location

  • Area: BU
  • County: Burnet
  • Subdivision: Swiss Village
  • Driving Directions: From State Hwy 29, Go north on FM 2341, Left on Ed Low Dr, Left on Waterway Ln, House is on the left.
  • Direction Faces: North

School Information

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

Heating & Cooling

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

Utilities

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

Structural Information

  • Detached/Attached: Detached
  • Construction: Wood Siding
  • Roof: Composition
  • Windows: Double Pane Windows
  • Stories/Levels: 1
  • Square Feet: 1,112
  • Sq. Ft. Source: Public Records
  • Living Area: 1,112 Sq. Ft.
  • Year Built: 1995
  • Year Built Source: Public Records
  • Property Condition: Resale

Additional Structures

  • Other Structures: Garage(s), Guest House

Lot Features

  • Property View: Lake, Water
  • Lot Size (Acres): 2.03
  • Lot Size (Sq. Ft.): 88,426.8
  • Fence: Yes
  • Lot Features: Irregular Lot, Private, Many Trees, Views
  • Fencing (Description): Split Rail

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Name: Lake Buchanan
  • Water Front Desc.: Lake Front, Waterfront
  • Lake Front: Yes

Financial Considerations

  • Assessment Amount: $850,000
  • Tax Amount: $10,902.95
  • Tax Year: 2025
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: S8250 SWISS VILLAGE LOT 3C 2.04
  • Disclosures/Reports: None
  • Property ID: 43235
  • Lot Number: 3C

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— 603 Waterway Ln —

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(833) 975-2020

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 603 Waterway Ln

School District:Burnet Consolidated Independent School District
NameGradesDistance
Burnet Middle School, Burnet, TX
1401 North Main Street, Burnet, TX 78611
6-812.9 mi
Burnet High School
1000 The Green Mile, Burnet, TX 78611
9-1213 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 603 Waterway Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/15/2026
Price Reduced
$699,714
-6.17%
MLS
3/22/2026
Price Reduced
$745,714
-0.72%
MLS
3/11/2026
Price Reduced
$751,114
-7.4%
MLS
11/28/2025
Listed
$811,140
—
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 603 Waterway Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,104
—
$850,000
-29%
2023
$11,132
4%
$1,197,226
69%
2022
$10,664
63%
$709,057
69%
2021
$6,547
-5%
$420,777
—
2020
$6,891
30%
$420,777
33%
2019
$5,318
21%
$317,284
26%
2018
$4,399
—
$252,107
—
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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603 Waterway Lane, Burnet, TX 78611 (MLS# 6402748) is a Single Family property with 2 bedrooms and 2 full bathrooms. 603 Waterway Lane is currently listed for $699,714 and was received on November 28, 2025. Want to learn more about 603 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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