1225 Waterway Ln, Burnet, TX 78611

Sold FULLY FURNISHED if desired! Extraordinary waterfront retreat on Lake Buchanan featuring panoramic open-water views, massive elevated entertaining decks, mature shade trees, private boat dock, and a proven Airbnb rental history with nearly 40 five-star reviews. This turnkey lakefront property blends rustic Hill Country charm with exceptional indoor-outdoor living, creating an unforgettable destination for both owners and guests. The split-level main house features 2 bedrooms, 2 en-suite baths, a loft space, over-sized kitchen with gas cooktop, island, and granite countertops, a dining area with 180-degree lake views and a stone fireplace. The living space opens onto the large deck ideal for indoor/outdoor entertaining. The guesthouse across the street sits above an oversized 3 car garage that is currently being used as a game room for the short-term rental. The guesthouse has its own private entrance and includes a large living space with hill-top lake views, 1 bedroom, 1 bath, and kitchen. The guesthouse has proven long-term rental history but may also be used as additional living space for the short-term rental. The home sits on 1.24 acres with approximately 285 feet of direct water access to a deep-water cove. Water remained in the cove even in the most recent low lake levels in Summer of 2023. The floating dock and rolling stairs allow for fluctuating water levels. Next to the home is a unique dome with around 800 square feet of storage space, with endless opportunities for additional one-of-a-kind living space! There is also an additional undeveloped portion of the property that offers added privacy and potential to place an RV or two, with lake views. This property is a rare find on Lake Buchanan! Virtual tour link available on MLS.

1225 Waterway Lane in Burnet commands 285 feet of direct water access to Lake Buchanan's deep-water cove, delivering the kind of unobstructed panoramic views that define Hill Country waterfront living. This 3,207-square-foot residence sits elevated on its 1.24-acre bluff lot, positioned to capture 180-degree open-water vistas that dominate the sightlines from nearly every interior space. The home's split-level design was intentionally oriented to maximize exposure to the lake, with the dining area and primary living zones aligned directly toward the water. Large windows throughout the main house frame the view as an extension of the living space itself, eliminating the visual boundary between interior and exterior.

The elevated deck system is the true centerpiece of this property's lifestyle appeal. Massive entertaining decks extend from the main living area, creating multiple platforms from which to experience the lake and surrounding Hill Country terrain. These outdoor spaces function as an additional room, designed for the kind of entertaining that draws people to Lake Buchanan properties. The covered deck sections provide shaded gathering areas while maintaining clear sight lines to the water, a critical feature for properties in the Burnet CONSOLIDATED ISD area where summers run hot and clear lake days define the calendar.

Living here means waterfront accessibility without the isolation. Private boat dock facilities with a lift system accommodate fluctuating lake levels (the cove maintained water even during Summer 2023's low-water period), making this location practical for full-time boating enthusiasts. The property's deepwater cove positioning eliminates the shallow-bank limitations common to other Lake Buchanan parcels. RJ Richey Elementary, Burnet Middle School, and Burnet High School serve the area through the Burnet CONSOLIDATED ISD, positioning families with school-age children in an established district.

The split-level main house features two bedrooms, two en-suite bathrooms, a gas range and electric cooktop, island kitchen, and stone fireplace. Additional structures include a guesthouse with separate entrance and lake views, plus an 800-square-foot dome structure currently used for storage. The property listed at $1.50M ($468 per square foot) sold fully furnished with documented Airbnb rental history and five-star guest reviews, indicating immediate income-generation potential. The undeveloped rear acreage offers privacy and room for additional development. Burnet's position on Lake Buchanan's eastern shore places owners within 30 minutes of downtown Burnet's services while maintaining the secluded waterfront lifestyle that Lake Buchanan properties command.