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Keenan Group#1 Austin Board of Realtors Team 2024
503 S Water ST, photo 1 of 21, Burnet, Burnet, TX
Active

$785,000

0Beds
0.40 acresLot

503 S Water St, Burnet, TX 78611

Burnet·MLS# 4023411·Built 2005·56 days on market

— bed, — bath on 0.40 acres in Burnet. Burnet, TX 78611. $785,000.

About This Home

Commercial office building with 2,388 sq. ft. on Hwy. 281 in Burnet, Texas. Ideally located a few blocks south of the city’s main intersection (Hwy 281/Hwy 29), this premium corner lot offers high visibility and great access. With the highest traffic count in Burnet at 25K-30K vehicles per day, this location supports a wide variety of potential commercial uses. The spacious 0.40 acre lot provides ample parking with plenty of space to expand. Excellent signage is in place.

2,388 sq. ft. air-conditioned 10’ x 5’ lighted sign on pole 4' x 8' Watchfire digital sign Hwy. 281 South and Marble Street One hour from Austin, 15 minutes from Marble Falls Enclosed storage 11' x 11' Carport 18' x 20' Asphalt parking Metal roof 3 bathrooms

Property Type
Commercial Sale
Year Built
2005
Lot Size
0.40 acres

Listing information last updated August 20, 2026.

Listed by Jim Berry Hill Ctry Rnch Sales

MLS# 4023411 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Generous 0.40-acre lot
Commercial office building with 2,388 sq
The spacious 0.40 acre lot provides ample parking with plenty of space to expand
Excellent signage is in place
air-conditioned 10’ x 5’ lighted sign on pole 4' x 8' Watchfire digital sign Hwy

Facts & Features

Interior

Flooring

  • Wood
Heating
Ceiling,Central
Cooling
Central Air,Electric
Exterior & Lot

Construction

  • Wood Siding
  • Stone
  • Stucco

Foundation

  • Slab
Lot Size
0.40 Acres

Parking

  • Asphalt
  • Carport
  • Parking Lot
  • Paved
Financial
Original List Price
$785,000
Utilities
  • Above Ground
  • Electricity Available
  • Electricity Connected
  • Phone Available
  • Sewer Available
  • Sewer Connected
  • Water Available
  • Water Connected
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 503 S Water ST, whoever represented it.

  1. ActiveListed 2026
    Current price: $785,000Original list: $785,000MLS 4023411
    1. Listed · August 20, 2026$785,000

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
$785,000
Original list
$785,000
Price movement
No verified reduction
Listed / DOM
Aug 20, 2026 · 56 days
Map showing 503 S Water ST
503 S Water ST
Directions
Principal & interest
$4,348

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($157K)

Adjustable assumption - not a lending recommendation.

$785,000

Loan: $628K
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

$785,000

Price per sqft

Not available

Vs. Neighborhood guide reference price

Not available

Days on market

56 days

Original to current

No verified reduction

$785K 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 503 S Water St?

503 S Water St is listed at $785,000 with 0 bedrooms, 0.40-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 are the property details for 503 S Water St?

503 S Water St is a Commercial Sale built in 2005 featuring 0 bedrooms, 0.40-acre lot.

What are the property taxes for 503 S Water St?

The most recent annual property tax for 503 S Water St is $9,176. 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 503 S Water St?

This page does not assume a mortgage rate or publish a monthly payment for 503 S Water St. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 503 S Water St compare with other homes in Burnet?

As of Oct 15, 2026, 503 S Water St is offered at $785,000. 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.

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, 7:12:05 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, 7:12:05 AM

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