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Keenan Group#1 Austin Board of Realtors Team 2024

$399,000

1.37 acresLot

308 Peninsula Dr, Burnet, TX 78611

Reduced 11%$449,000
Burnet·MLS# 8171972·161 days on market

— 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

Generous 1.37-acre lot
Few Trees
Gentle Sloping
Native Plants
Private Maintained Road
Buyer Incentive: Owners will pay 2 YEARS of HOA DUES

Facts & Features

Exterior & Lot

Lot Features

  • Few Trees
  • Gentle Sloping
  • Native Plants
  • Private Maintained Road
  • Views
Lot Size
1.37 Acres

Waterfront

  • 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.

  1. ActiveListed 2026
    Current price: $399,000Original list: $449,000MLS 8171972
    1. Listed · May 7, 2026$449,000
    2. 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.

View Timeline
Current list
$399,000
Original list
$449,000
Price movement
$50K reduction
Listed / DOM
May 7, 2026 · 161 days

Virtual Tour

Virtual tour of 308 Peninsula Dr
Map showing 308 Peninsula DR
308 Peninsula DR
Directions

Zoned Schools

BurnetCONSISD

1 High School1 Middle School1 Elementary School

Burnet

High SchoolGrades 9-12Zoned assignment

Burnet

Middle SchoolGrades 6-8Zoned assignment

RJ Richey

ElementaryGrades K-5Zoned assignment

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.

Principal & interest
$2,210
HOA dues
$200

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

Loan: $319K
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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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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Frequently Asked Questions

How much is 308 Peninsula Dr?

308 Peninsula Dr is listed at $399,000 with 0 bedrooms, 1.37-acre lot. This places it above the ZIP 78611 single-family closed-sale median price of $340,000 (ZIP 78611 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What school district is 308 Peninsula Dr in?

308 Peninsula Dr 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.

What are the property taxes for 308 Peninsula Dr?

The most recent annual property tax for 308 Peninsula Dr is $3,926. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.

How should a buyer estimate the monthly payment for 308 Peninsula Dr?

This page does not assume a mortgage rate or publish a monthly payment for 308 Peninsula Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 308 Peninsula Dr compare with other homes in Burnet?

As of Oct 15, 2026, 308 Peninsula Dr is offered at $399,000. The current MLS snapshot shows 164 active listings in 78611. Keenan Group has completed 1 verified transactions in 78611 within its 1,000+ completed transactions and $1B+ career volume across Austin.

What is the water access at 308 Peninsula Dr?

The MLS listing marks 308 Peninsula Dr as waterfront. The reported waterfront feature is Lake Front, Lake Privileges, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.

What is the community structure at 308 Peninsula Dr?

The MLS listing reports HOA or association dues of $2,400 annual for 308 Peninsula Dr. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Burnet

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 8:27:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 8:27:01 AM

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