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New Luxury Construction on Open Water | Lake LBJ | Under $2.8M. Looking for one of the best values on Lake LBJ? Here it is, priced to sell and fully furnished, making this stunning new construction lake house a turnkey transition. Situated on 50 feet of prime open water, this exceptional property offers breathtaking Texas Hill Country and Nature views, thanks to the expansive ranch located directly across the lake. Enjoy a quiet and peaceful stretch of the lake with less boat traffic, perfect for safe swimming and great fishing, while still being just as close to WakePoint (less than 10 mins) as other homes on the lake. Step inside the 3,667 sqft, boasting 5 bedrooms and 5.5 bathrooms, this home will provide the ultimate elevated lake living experience. The gourmet kitchen is a chef’s dream featuring top-of-the-line appliances, expansive quartz countertops, and a seamless cohesive flow designed for effortless entertaining. The main level includes a luxurious primary suite along with a second bedroom for easy accessibility, ideal for guests or multigenerational living. Upstairs, the game room is built for fun with a pool table, shuffleboard, and TV for watching sports, all overlooking the water. This home was designed for outdoor living at its best featuring: two covered patios perfect for morning coffee or evening glass of wine, outdoor kitchen for lakeside dining, large heated pool, hot tub and fire pit for unforgettable s’mores nights! The grand boat dock is equally impressive and includes a boat lift, lifts for two jet skis, a playful slide, concrete upper party deck, an owner’s closet, and an additional closet for renters. Whether you are searching for a private luxury retreat, a high-performing short-term rental investment, or both, this fully furnished new construction priced under $2.8M is a rare opportunity on Lake LBJ. Secure one of the best values on the lake.
Property Type
Residential
Year Built
2026
Lot Size
0.26 acres
$/Sq Ft
$762
HOA
$40/mo
Garage
5 spaces
Pool
Yes
Listed by StepStone Realty LLC
Verified property facts
1307 Cr 118b is listed at $2,795,000 with 5 bedrooms, 5 full, 1 half bathrooms, 3,667 square feet, 0.26-acre lot. This places it above the 78611 median of $316,220.
1307 Cr 118b is zoned for BurnetCONSISD with assigned schools: Shady Grove (elementary), Burnet (Burnet ISD) (middle), Burnet (high). School assignments should be verified directly with the district.
1307 Cr 118b is a Residential built in 2026 featuring 5 bedrooms, 5 full, 1 half bathrooms, 3,667 square feet, 0.26-acre lot.
1307 Cr 118b 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 ($559,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1307 Cr 118b is around $19,627 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
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% ($559K)
$2,795,000
Luxury property intelligence
A sourced read on SHERWOOD SHORES III pricing, timing, and property scale. No automated valuation claim.
List price
$2,795,000
Price per sqft
$762/sqft
Vs. SHERWOOD SHORES III median
Not available
Days on market
95 days
Original to current
No verified reduction
$2.8M 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 $2,795,000, 1307 Cr 118b is in the SHERWOOD SHORES III market where there are currently 150 active listings in 78611.
1307 Cr 118b includes verified waterfront access. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
1307 Cr 118b is part of a managed community with HOA dues of $40 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
$2,795,000
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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