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Lake Buchanan - Income producing property - priced below recent appraisal! Unrestricted 2.38-acres with 262 feet of prime Lake Buchanan frontage (5 mile view across open water). This income-producing property is perfect as a family getaway, vacation rental, or investment opportunity. Features: Primary Home: 1950s vintage with original oak hardwood floors and large addition with expansive kitchen/living area. House 2: 3/2 MH with open living/dining/kitchen, wrap-around porch, and lake views House 3: 3/2 MH with 2 living rooms, wrap-around porch, and lake views House 4: 1/1 site-built with covered porch and parking All homes have central heat/air and are in excellent condition. Most currently leased. Additional investment amenities: 14 RV sites with full hookups and individual electric meters Massive metal shop with 3 roll-up doors and office. Fenced with electric security gate Cement bulkhead, pier, and boat ramp for easy lake access Private well plus 2 community water taps, approved septics, paved driveway, planted oak & cypress trees and sand volleyball court. Conveniently located on the SW end of the lake near Highways 1431 & 29, just 90 minutes NW of Austin & San Antonio. High potential for rental income with room to grow. Recent title work and LCRA septic approval - this place is ready for a new owner! Value added property - possibly one of the best live water deals in Central Texas, come see!
Property Type
Residential
Year Built
1960
Lot Size
2.38 acres
$/Sq Ft
$142
Garage
25 spaces
Listed by Jesse James Real Estate
Verified property facts
1504 Ranch Road 261 is listed at $995,000 with 10 bedrooms, 7 full bathrooms, 7,021 square feet, 2.38-acre lot.
1504 Ranch Road 261 is zoned for BurnetCONSISD with assigned schools: Burnet (elementary), Burnet (Burnet ISD) (middle), Burnet (high). School assignments should be verified directly with the district.
1504 Ranch Road 261 is a Residential built in 1960 featuring 10 bedrooms, 7 full bathrooms, 7,021 square feet, 2.38-acre lot.
1504 Ranch Road 261 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 ($199,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 1504 Ranch Road 261 is around $6,987 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
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in none
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Listing timeline 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% ($199K)
$995,000
Luxury property intelligence
A sourced read on none pricing, timing, and property scale. No automated valuation claim.
List price
$995,000
Price per sqft
$142/sqft
Vs. none median
Not available
Days on market
342 days
Original to current
$155K reduction
$1.2M 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 $995,000, 1504 Ranch Road 261 is in the none market where there are currently 13 active listings in 78609.
1504 Ranch Road 261 was built in 1960 (66 years ago). Buyers should budget for potential updates to major systems.
1504 Ranch Road 261 includes verified waterfront access. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
2 events on record
Current Price
$1,150,000
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.
Active listings near 1504 Ranch Road 261
Recent sales for market context