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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.
Property Type
Residential
Year Built
1985
Lot Size
1.24 acres
$/Sq Ft
$468
HOA
$400/mo
Garage
4 spaces
Listed by Listing Results, LLC
Verified property facts
1225 Waterway LN is listed at $1,499,900 with 2 bedrooms, 2 full bathrooms, 3,207 square feet, 1.24-acre lot. This places it above the 78611 median of $316,220.
1225 Waterway LN is zoned for BurnetCONSISD with assigned schools: RJ Richey (elementary), Burnet (Burnet ISD) (middle), Burnet (high). School assignments should be verified directly with the district.
1225 Waterway LN is a Residential built in 1985 featuring 2 bedrooms, 2 full bathrooms, 3,207 square feet, 1.24-acre lot.
1225 Waterway LN is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
With 20% down ($299,980) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1225 Waterway LN is around $10,532 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listed with current price, original ask, and market time.

BurnetCONSISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($300K)
$1,499,900
Luxury property intelligence
A sourced read on Swiss Village pricing, timing, and property scale. No automated valuation claim.
List price
$1,499,900
Price per sqft
$468/sqft
Vs. Swiss Village median
Not available
Days on market
3 days
Original to current
No verified reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $1,499,900, 1225 Waterway LN is in the Swiss Village market where there are currently 150 active listings in 78611.
1225 Waterway LN was built in 1985 (41 years ago). Buyers should budget for potential updates to major systems.
1225 Waterway LN includes verified waterfront access: Lake Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
1225 Waterway LN is part of a managed community with HOA dues of $400 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$1,499,900
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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