3 bed, 3 bath, 2,878 sqft on 0.29 acres in Buchanan Dam. Buchanan Dam, TX 78609. $920,000. BurnetCONSISD.
About This Home
Distinctive and tranquil living embraces you at 516 Island Lodges Drive on Lake Buchanan. Completely renovated and expanded in 2023, this retreat offers approximately 136 feet of waterfront. Upon entry, you will find over 475 square feet of flex space with a half bath and sliding glass door leading to the lake, hot tub, and patio.
Around the corner, the great room brings together living, dining, and a thoughtfully-designed kitchen with custom cabinetry, pull-out shelving, a large pantry, double ovens, microwave drawer, and induction cooktop (plumbed for gas if you prefer). Picture windows and sliding glass doors provide beautiful panoramic views of the lake and its ecosystem.
Two primary suites are in the main house: one with an oversized spa tub and separate shower, and the other with barrier-free entry shower. Both suites offer walk-in closets with built-in shelving. A utility room with built-in shelving and storage is conveniently located between the suites.
Just steps from the main house, a detached, multi-use one-bedroom casita offers its own living area with picture windows, kitchenette, and full bath perfect for rental income generation, work space, or family and guests.
The boat dock with electric lift, fish-cleaning station, and adjustable cable system allows you to take advantage of the deeper water located at the end of the peninsula.
Upgrades include a whole-home generator with a buried 500-gallon propane tank, new HVAC, new septic system, reverse-osmosis water filtration, water softening systems, adjustable lighting, and a revamped drainage system.
Island Lodges is a peninsula community made up of full- and part-time residents, many of whom have lived and/or vacationed here for multiple generations.
In a world that has become both too hectic and rapidly-changing, 516 Island Lodges Drive offers a sanctuary of serenity and the opportunity to enjoy lake life with family and friends. Join us as soon as you can!
- Property Type
- Residential
- Year Built
- 1980
- Lot Size
- 0.29 acres
- Price / Sq Ft
- $320
- HOA
- $200/year
- Garage
- 1 spaces
Listing information last updated October 10, 2026.
Listed by Phyllis Browning Company
MLS# 8244786 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Two Primary Suties
- Ceiling Fan(s)
- Quartz Counters
- Crown Molding
- Double Vanity
- Kitchen Island
- Low Flow Plumbing Fixtures
- Multiple Dining Areas
- Multiple Living Areas
- No Interior Steps
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Walk-In Closet(s)
- Built-In Oven(s)
- Dishwasher
- Disposal
- Induction Cooktop
- Microwave
- Double Oven
- Water Purifier
- Water Softener
- Carpet
- Laminate
- Tile
- Heating
- Central,Electric
- Cooling
- Ceiling Fan(s),Central Air
Exterior & Lot
- Boat Dock - Private
- Boat Lift
- Brick
- Cement Siding
- Wood Siding
- Cul-De-Sac
- Landscaped
- Slab
- Patio
- Roof
- Metal
- Lot Size
- 0.29 Acres
- Concrete
- Detached
- Garage
- Garage Door Opener
- Garage Spaces
- 1
- Lake Front
- Waterfront
Financial
- HOA Fee
- $200 / year
- Original List Price
- $920,000
- Price per Sq Ft
- $320
Utilities
- Electricity Connected
- Propane
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 516 Island Lodges DR, whoever represented it.
- ActiveListed 2026Current price: $920,000Original list: $920,000MLS 8244786
- Listed · September 29, 2026$920,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listed with current price, original ask, and market time.
- Current list
- $920,000
- Original list
- $920,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 29, 2026 · 17 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 2026-10-16T01:07:34.89+00:00; normalized from annual dues.
20% ($184K)
Adjustable assumption - not a lending recommendation.
$920,000
Luxury property intelligence
Keenan Market Position
A sourced read on Buchanan Dam pricing, timing, and property scale. No automated valuation claim.
List price
$920,000
Price per sqft
$320/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
17 days
Original to current
No verified reduction
$920K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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