3 bed, 2 bath, 3,302 sqft on 19.09 acres in Burnet. Burnet, TX 78611. $1,750,000. BurnetCONSISD.
About This Home
Lake Buchanan estate. Tranquility & serenity are your first impressions. The large expanse of water is your next impression.1800 lf waterfront with 2 points for your dream home & 2 coves for swimming & fishing. A gated entrance takes you to a large barndominium & the barn with storage. An abundance of wildlife with room for horses. A totally unique 8.92 AC SUBMERGED when lake is full. The owner needs 45-day lease back after closing.
Roughly 1,800 feet of Lake Buchanan shoreline across two points and two swim-friendly coves is the fact that sets 409 County Road 138 Rd apart in Burnet. At 409 County Road 138 Rd, that waterfront reach comes with 19.09 acres in Burnet, TX 78611, a 3,302 square foot single-family residence built in 2006, and enough garage capacity for 10 vehicles, boats, ranch equipment, or a serious car collection.
This is a rare mix for Burnet County. The home is priced at $2.40M, or $727 per square foot, with 3 bedrooms, 2 full baths, and 1 half bath. The scale of the land changes how the property lives day to day. You are not looking at a typical lake lot. You have room for horses, room for outbuildings, and room to separate the house, the water, and the working side of the property without compromise. A gated entry leads to the residence and a large barn structure with storage, giving the property real utility instead of just a view.
The waterfront is the headline, and it matters here. Two points create broad water exposure and long sight lines over Lake Buchanan. Two coves give you calmer pockets for swimming and fishing when the main body is active. Part of the tract includes about 8.92 acres that sit submerged when the lake is full, which is a meaningful detail for buyers who understand how Buchanan’s water levels shape shoreline ownership, access, and long-term use. Days on market is just 3, which tells you this kind of setup does not sit around in the current Burnet-area market.
For schools, the property is served by BurnetCONSISD, with Burnet for elementary, Burnet (Burnet ISD) for middle school, and Burnet for high school. That keeps the school path simple for families who want a clear in-town connection while living on large acreage outside the tighter residential grid. Burnet also puts you in a part of the lake where weekend use, fishing, and year-round second-home demand continue to support interest from both local and out-of-area buyers.
What is it like to live here? It is private, lake-driven, and practical. You wake up to open water, keep equipment on site, and use the land in a way most waterfront homes cannot match. In a market where true acreage on Lake Buchanan is limited, this property has the kind of physical footprint and shoreline presence that tends to hold attention and hold value.
The numbers behind this insight
- Offered at
- $1,750,000
- Listed
- March 4, 2026
- Price changes
- 2, down 27.1% from $2,399,000
- Asking price per sq ft
- $530
- Property Type
- Residential
- Year Built
- 2006
- Lot Size
- 19.09 acres
- Price / Sq Ft
- $530
- HOA
- $60/year
- Garage
- 10 spaces
Listing information last updated October 19, 2026.
Listed by Tom G. Wagner
MLS# 8178907 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Ceiling-High
- Laminate Counters
- Track Lighting
- Propane Cooktop
- Stainless Steel Appliance(s)
- Water Softener
- Concrete
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Uncovered Courtyard
- Metal Siding
- Stucco
- Views
- Barbed Wire
- Slab
- Covered
- Roof
- Metal
- Lot Size
- 19.09 Acres
- Drive Through
- Garage Spaces
- 10
- Lake Front
Financial
- HOA Fee
- $60 / year
- Original List Price
- $2,399,000
- Price per Sq Ft
- $530
Utilities
- Electricity Connected
- Propane
- Water Source
- Well
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 409 County Road 138, whoever represented it.
- ActiveListed 2026Current price: $1,750,000Original list: $2,399,000MLS 8178907
- Listed · March 4, 2026$2,399,000
- Price changed · May 19, 2026$1,999,999
- Price changed · October 12, 2026$1,750,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,750,000
- Original list
- $2,399,000
- Price movement
- $649K reduction
- Listed / DOM
- Mar 4, 2026 · 246 days
Zoned Schools
BurnetCONSISD
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 and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-19T16:43:50.58+00:00; normalized from annual dues.
Illustrative down payment
20% ($350K)
Adjustable assumption - not a lending recommendation.
Home price
$1,750,000
Loan details
Luxury property intelligence
Keenan Market Position
A sourced read on Burnet pricing, timing, and property scale. No automated valuation claim.
List price
$1,750,000
Price per sqft
$530/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
246 days
Original to current
$649K reduction
$2.4M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 19, 2026.
Request Private Market AnalysisConnect 409 County Road 138 to the Austin Market
78611 ZIP Guide
ZIP-level neighborhoods, schools, lifestyle, and Austin market context
Austin Home Valuation
Private Austin CMA, TCAD context, and pricing strategy
Seller Resources
Pricing, prep, launch timing, and Compass marketing strategy
Keenan Group Results
#1 ABOR Team 2024 with $1B+ career sales volume







