— bed, — bath on 1.37 acres in Burnet. Burnet, TX 78611. $399,000. BurnetCONSISD.
About This Home
Buyer Incentive: Owners will pay 2 YEARS of HOA DUES. This Difficult-To-Find WATERFRONT LOT is 1.37 acres, located in an Upscale Gated Community (The Peninsula @ Lake Buchanan) and includes a dedicated boat slip in the Private Marina (included in the HOA). Nestled within one of the most prestigious, tight-knit gated communities in all of Central Texas, this property offers the ultimate blend of privacy, convenient lake access, rugged Texas beauty & incredible views . This Lot is one of the few spots in the neighborhood where there is a lake view from the front & back of the house (when built.) Discover the perfect canvas for your architectural masterpiece on this sprawling water front lot. It is not just vacant land, it is 1.3+ acres of Natural Central Texas beauty combining natural stone, old-growth trees & native plants/wildflowers that lead straight into the water. Most lake lots feel like you’re on top of your neighbors, but not here! You have room to breathe and roam. Boasting an expansive footprint, this property features stunning natural rock outcroppings and a gentle slope toward the pristine waters of Lake Buchanan. Whether you envision a modern glass retreat or a classic Hill Country estate, the generous lot provides ample room for a sprawling floor plan, outdoor living oasis and breathtaking views. Water is included in the HOA (provided by the community water processing plant.) If you are looking for a true sense of Neighborhood Community, you found it. Upscale Water front opportunities in a gated enclave do not come along often. Come see the vision for yourself!
- Property Type
- Land
- Lot Size
- 1.37 acres
- HOA
- $2,400/year
Listing information last updated July 27, 2026.
Listed by Coldwell Banker Realty
MLS# 8171972 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Exterior & Lot
- Few Trees
- Gentle Sloping
- Native Plants
- Private Maintained Road
- Views
- Lot Size
- 1.37 Acres
- Lake Front
- Lake Privileges
- Waterfront
Financial
- HOA Fee
- $2,400 / year
- Original List Price
- $449,000
Utilities
- Electricity Available
- Underground Utilities
- Water Available
- Water Source
- Private
- Sewer
- Septic Needed
Transaction History
1 record on file
Every recorded listing, sale, and lease at 308 Peninsula DR, whoever represented it.
- ActiveListed 2026Current price: $399,000Original list: $449,000MLS 8171972
- Listed · May 7, 2026$449,000
- Price changed · July 27, 2026$399,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $399,000
- Original list
- $449,000
- Price movement
- $50K reduction
- Listed / DOM
- May 7, 2026 · 161 days
Virtual Tour

Zoned Schools
BurnetCONSISD
Burnet
Burnet
RJ Richey
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T13:27:01.473+00:00; normalized from annual dues.
20% ($80K)
Adjustable assumption - not a lending recommendation.
$399,000
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Keenan Market Position
A sourced read on Burnet pricing, timing, and property scale. No automated valuation claim.
List price
$399,000
Price per sqft
Not available
Vs. Neighborhood guide reference price
Not available
Days on market
161 days
Original to current
$50K reduction
$449K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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