Date
Details
Price
Change
Source
6/03/2026
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$700,000
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1/22
Property Description
Rare income-producing waterfront estate on Lake Buchanan! Situated on 2.03 unconstrained acres with 213 feet of shoreline located directly at year-round deep water, this prime Hill Country property offers the ultimate combination of immediate lakefront living, cash-flow potential, and custom development flexibility. It is conveniently located just 90 minutes from Austin and 20 minutes from Marble Falls. The property features a charming 1-bedroom main house plus a separate studio casita equipped with a kitchenette and full bath, offering 1,112 total square feet. It is short-term rental ready with a proven track record. Live in one unit and rent the other, operate both as a dual-unit getaway, or keep the entire compound as your private weekend retreat. A detached two-car garage provides ideal storage for boats, jet skis, and lake gear. Enjoy the full lake house lifestyle from day one while designing and permitting your dream luxury primary residence on the elevated upper pad overlooking panoramic water views. The existing residences easily preserve as a completed guest compound or income-producing rental. With broad acreage, low Burnet County tax rates, and year-round deep-water access, 603 Waterway represents one of the most versatile waterfront opportunities on Lake Buchanan. Schedule your private tour today.
Full Property Details
Full Property Details for 603 Waterway Ln
General
- Price: $700,000
- HOA FEE: $33/month
- HOA FEE FREQ.: Annually
- Taxes: $10,902 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 8136931
- Updated: 8/26/2026
- Added to Site: 84 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Eat-in Kitchen, Quartz Counters, Recessed Lighting
- 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: Exterior Steps, Lighting, Outdoor Grill
- Porch/Patio/Deck: Deck
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 2
- Parking Features: Asphalt, Door-Single, Detached, Garage, Garage Door Opener
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
Community
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Aerobic Septic, Municipal Utility District
- Water: Well, Municipal Utility District
- 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: Hills, Lake, Trees/Woods, 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
- Association Fee: $400
- Assoc Fee Freq.: Annually
- Assessment Amount: $850,000
- Tax Amount: $10,902.95
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: See Remarks
- Legal Description: S8250 SWISS VILLAGE LOT 3C 2.04
- Property ID: 43235
- Lot Number: 3C
Listed by Compass RE Texas, LLC
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Listing agent
— 603 Waterway Ln —
Compass RE Texas, LLC
(512) 605-9590
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 603 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 | 13.3 mi |
Burnet Middle School, Burnet, TX 1401 North Main Street, Burnet, TX 78611 | 6-8 | 12.9 mi |
Burnet High School 1000 The Green Mile, Burnet, TX 78611 | 9-12 | 13 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
Tax History
Tax History for 603 Waterway Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,903
-2%
$850,000
—
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.
Estimate the Cost
Estimate the Cost for 603 Waterway Ln
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603 Waterway Lane, Burnet, TX 78611 (MLS# 8136931) is a Single Family property with 2 bedrooms and 2 full bathrooms. 603 Waterway Lane is currently listed for $700,000 and was received on June 03, 2026. 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.