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$1,195,000
last listed206 County Road 142, Burnet, TX 78611
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4 bed, 4 bath, 4,756 sqft on 0.81 acres in Burnet. Burnet, TX 78611. Last listed at $1,195,000, sold February 6, 2026. Burnet CISD.
About This Home
Lakeside Luxury Compound Meets Hill Country Adventure-
Tucked away in the tranquil Rocky Point subdivision on the shores of Lake Buchanan, this is a rare multi-home waterfront estate that blends laid-back luxury with boundless adventure. Designed for those who crave breathtaking lake views, direct access to the water, and a seamless indoor-outdoor lifestyle, this renovated property is the ultimate retreat for lake lovers, outdoor enthusiasts, and savvy investors.
Spanning two legal lots, this exceptional compound is more than just a home—it’s a destination. Whether you’re seeking a private getaway, a high-performing short-term rental, or an entertainer’s dream estate, this property delivers it all. With two beautifully updated homes, a sprawling outdoor oasis, and a massive garage / game room built to house all of your lake toys, every detail has been designed for maximum comfort, recreation, and convenience- offering the ideal setup for multi-generational living, vacation rental income, or a private lakeside escape with room to host family and friends.
Set on over an acre of prime lakefront land, this property was designed for those who live for the water, the outdoors, and the joy of hosting. The property has an RV and boat garage with multiple bays, RV hook ups, hot tub, playground, and built-in boat ramp with room to add a dock. When the lake is full, the water meets the property’s sandy beach-like setting, perfect for wading, swimming, or launching kayaks.
For those looking to generate passive income, 206 County Road 142 is an investor’s dream in a prime high-demand short-term rental market. Lakeshore Drive is more than a home—it’s a rare offering on one of Texas’ most stunning lakes, designed for those who crave a life of adventure, relaxation, and financial opportunity.
- Property Type
- Residential
- Year Built
- 1997
- Lot Size
- 0.81 acres
- Price / Sq Ft
- $251
Listing information last updated November 20, 2025.
Listed by Compass RE Texas, LLC
MLS# 7912550 • Closed
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Properties displayed may be listed or sold by various participants in the MLS.
Highlights
Facts & Features
Exterior & Lot
- Lot Size
- 0.81 Acres
Financial
- Original List Price
- $1,350,000
- Price per Sq Ft
- $251
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $1,195,000
- Original list
- $1,350,000
- Price movement
- $155K reduction
- Listed / DOM
- Mar 8, 2025
Virtual Tour
Zoned Schools
Burnet CISD
Burnet
Burnet
Burnet
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.
Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.
20% ($239K)
Adjustable assumption - not a lending recommendation.
$1,195,000
Luxury property intelligence
Keenan Market Position
A sourced read on Burnet pricing, timing, and property scale. No automated valuation claim.
List price
$1,195,000
Price per sqft
$251/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$155K reduction
$1.4M original
Active inventory context
Ask for current inventory
Source: Public records and Keenan Group review as of Apr 25, 2026.
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