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$1,350,000
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Property Description
Lakefront Paradise on Lake LBJ - Your Gateway to the Ultimate Lake Lifestyle This stunning 3-bed/2-bath home on the constant level Lake LBJ where every day feels like a vacation. Step outside to enjoy expansive covered patios, upstairs patio includes retractable electric shades - perfect for sipping morning coffee or enjoying evening cocktails. Extended dock is an entertainer's paradise with seating for up to 20, offering multiple seating options- cozy fire pit, the bar or spacious dining table. Fully equipped outdoor kitchen features grill, sink, refrigerator, and storage - all illuminated for those magical lakeside nights. When you're ready to cool off, simply step directly from the bar into the refreshing lake waters where you can float on your lily pad and relax.The home's unique split-level design maximizes both lake views and functionality. The main level features a welcoming family gathering area, full bathroom, bedroom, and convenient laundry facilities. Upstairs, the open-concept living area has panoramic lake views through expansive windows and sliding glass doors. The kitchen flows into a cozy dining area, two additional bedrooms & full bath.This isn't just a home - it's your personal gateway to the Lake LBJ lifestyle, proximity to the famous sandbar and Wake Point just a short boat ride away for dining and fuel, the very best of lake living. This property will allow you to create unforgettable memories. Also short term rentals are allowed, giving you extra income possibilites.
Full Property Details
Full Property Details for 108 S Waterway Dr
General
- Price: $1,350,000
- HOA FEE: $13/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: Highland_Lakes_MLS
- MLS ID: 174120
- Updated: 9/23/2025
- Added to Site: 199 day(s) ago
Interior
- Rooms/Areas: Dining Room, Family Room, Kitchen, Living Room, Utility Room Inside
- Interior Features: Cable Available, Pantry, Vaulted Ceiling(s)
- Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer, Washer Hookup, Electric Water Heater
- Flooring: Carpet, Hardwood, Stained Concrete
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Shared Amenities: Water
Exterior
- Exterior Features: Balcony, Courtyard, Rain Gutters, Open Concrete Areas, Sprinkler System
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Description: 1 Car Attached Garage, Rear Entry
Location
- County: Burnet
- Subdivision: Waterway
- Driving Directions: FM 1431 to Mountain View turn west to Waterway turn to the left after you cross the bridge. House 2nd on the right.
School Information
- High School District: Marble Falls
Community
- Association: Yes
- Assoc. Fees Include: Maintenance Structure, Road Maintenance, Trash
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Cottage
- Construction: Wood Siding, Stone
- Foundation: Slab
- Roof: Metal
- Stories/Levels: 2
- Square Feet: 1,688
- Sq. Ft. Source: Other
- Living Area: 1,688 Sq. Ft.
- Year Built: 1991
Unit Information
- Residential Units: 1
Lot Features
- Property View: Lake
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,620
- Lot Dimensions: 90 x 118
- Frontage: Private Road
- Fence: Yes
- Fencing (Description): Pipe, Wrought Iron, Fenced
Water Features
- Water View: Yes
- Water Front Type: Open Water
- Water Front View: Yes/Other
- Boat Dock Slip: Yes
Green Features
- Energy Efficient: Ceiling Fan(s)
Financial Considerations
- Price Per Sq. Ft.: $799.76
- Association Fee: Yes
- Association Fee: $150
- Assoc Fee Freq.: Annually
Disclosures and Reports
- Legal Description: S8466 WATERWAY LOT 1/2 OF 2 & ALL OF 3
- Property ID: 45076
Listed by Keller Williams Heritage, Michael Schultz
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Schools
Schools serving 108 S Waterway Dr
School District:Burnet Consolidated Independent School District
| Name | Grades | Distance |
|---|---|---|
Burnet Middle School, Burnet, TX 1401 North Main Street, Burnet, TX 78611 | 6-8 | 14.1 mi |
Burnet High School 1000 The Green Mile, Burnet, TX 78611 | 9-12 | 14.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 108 S Waterway Dr
Date
Details
Price
Change
Source
7/03/2025
Listed
$1,350,000
—
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 108 S Waterway Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,608
-1%
$1,304,331
-2%
2023
$19,760
22%
$1,327,039
40%
2022
$16,238
18%
$948,336
24%
2021
$13,710
5%
$766,960
8%
2020
$13,087
24%
$713,325
28%
2019
$10,512
-22%
$557,696
-19%
2018
$13,436
—
$689,888
—
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 108 S Waterway Dr
108 S Waterway Dr, Kingsland, TX 78639 (MLS# 174120) is a Single Family property with 3 bedrooms and 2 full bathrooms. 108 S Waterway Dr is currently listed for $1,350,000 and was received on July 03, 2025. Want to learn more about 108 S Waterway Dr? Do you have questions about finding other Single Family real estate for sale in Kingsland? You can browse all Kingsland real estate or contact a Coldwell Banker agent to request more information.

