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Keenan Group#1 Austin Board of Realtors Team 2024
517 Waterway Ln, photo 1 of 40, Burnet, Burnet, TX
Active

$1,450,000

2Beds
2Baths
2,524Sq Ft
1.39 acresLot

517 Waterway Ln, Burnet, TX 78611

Reduced 9%$1,590,000
Burnet·MLS# 9033654·Built 1989·79 days on market

2 bed, 2 bath, 2,524 sqft on 1.39 acres in Burnet. Burnet, TX 78611. $1,450,000. BurnetCONSISD.

About This Home

FABULOUS WATERFRONT RETREAT ON LAKE BUCHANAN! Experience one of the most breathtaking waterfront settings in the Texas Hill Country, where spectacular panoramic views of the main body of Lake Buchanan create an unforgettable backdrop. This exceptional property offers a rare opportunity to enjoy the peaceful beauty of lake living while remaining conveniently close to nearby amenities. The immaculate one-story lake home features soaring ceilings, abundant natural light, and an inviting open feel designed to showcase the incredible views. Step outside onto the expansive vacation deck, where you'll enjoy morning coffee, evening sunsets, and endless opportunities to relax while overlooking the sparkling waters of Lake Buchanan. Designed for both recreation and convenience, the property includes its own private boat dock and boat ramp, making it easy to spend your days boating, fishing, kayaking, or simply enjoying the lake. A large metal building provides excellent storage, workshop space, and room for recreational equipment, while the spacious front lawn offers abundant parking for family and guests. The grounds are beautifully enhanced with impressive custom stonework, including elegant planters, staircases, and thoughtfully designed low-maintenance landscaping that complements the natural surroundings. Towering trees, native wildlife, and the serene beauty of the Texas Hill Country create an atmosphere that feels worlds away from everyday life. Whether you're searching for a full-time residence, a weekend escape, or a family retreat, this remarkable waterfront property offers a lifestyle of tranquility, recreation, and unforgettable beauty. It's more than a lake house ~ it's a destination where every day feels like a vacation. owner/agent

Property Type
Residential
Year Built
1989
Lot Size
1.39 acres
Price / Sq Ft
$574
HOA
$100/year
Garage
7 spaces

Listing information last updated October 7, 2026.

Listed by Ruzicka Real Estate

MLS# 9033654 • Active

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

Highlights

7-car garage with additional parking capacity
Generous 1.39-acre lot
Breakfast Bar
Double Vanity
Eat-in Kitchen
Entrance Foyer

Facts & Features

Interior

Features

  • Breakfast Bar
  • Double Vanity
  • Eat-in Kitchen
  • Entrance Foyer
  • No Interior Steps
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Storage
  • Walk-In Closet(s)

Appliances

  • Bar Fridge
  • Dishwasher
  • Disposal
  • Microwave
  • Electric Oven

Flooring

  • Concrete
  • Tile
Heating
Electric
Cooling
Central Air
Exterior & Lot

Features

  • Boat Dock - Private
  • Boat Ramp
  • Exterior Steps
  • Private Entrance
  • Private Yard
  • RV Hookup

Construction

  • Stucco

Lot Features

  • Cleared
  • Front Yard
  • Gentle Sloping
  • Level
  • Open Lot
  • Private
  • Trees-Medium (20 Ft - 40 Ft)
  • Views

Fencing

  • Front Yard
  • Partial

Foundation

  • Slab

Patio / Porch

  • Front Porch
Roof
Metal
Lot Size
1.39 Acres

Parking

  • Boat
  • Covered
  • Detached
  • Driveway
  • Enclosed
  • Gated
  • Outside
  • Oversized
  • Side By Side
  • Storage
Garage Spaces
7

Waterfront

  • Lake Front
  • Lake Privileges
  • Waterfront
Financial
HOA Fee
$100 / year
Original List Price
$1,590,000
Price per Sq Ft
$574
Utilities
  • Electricity Available
  • Electricity Connected
  • Water Available
  • Water Connected
Water Source
Cistern,Well
Sewer
Septic Tank

Transaction History

1 record on file

Every recorded listing, sale, and lease at 517 WATERWAY LN, whoever represented it.

  1. ActiveListed 2026
    Current price: $1,450,000Original list: $1,590,000MLS 9033654
    1. Listed · July 28, 2026$1,590,000
    2. Price changed · August 13, 2026$1,540,000
    3. Price changed · August 26, 2026$1,535,000
    4. Price changed · September 29, 2026$1,499,000
    5. Price changed · October 7, 2026$1,450,000

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.

View Timeline
Current list
$1,450,000
Original list
$1,590,000
Price movement
$140K reduction
Listed / DOM
Jul 28, 2026 · 79 days
Map showing 517 Waterway Ln
517 Waterway Ln
Directions

Zoned Schools

BurnetCONSISD

1 High School1 Middle School1 Elementary School

Burnet

High SchoolGrades 9-12Zoned assignment

Burnet

Middle SchoolGrades 6-8Zoned assignment

Shady Grove

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
$8,032
HOA dues
$8

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 2026-10-15T14:47:03.56+00:00; normalized from annual dues.

20% ($290K)

Adjustable assumption - not a lending recommendation.

$1,450,000

Loan: $1.2M
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

$1,450,000

Price per sqft

$574/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

79 days

Original to current

$140K reduction

$1.6M 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 517 Waterway Ln?

517 Waterway Ln is listed at $1,450,000 with 2 bedrooms, 2 full bathrooms, 2,524 square feet, 1.39-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 517 Waterway Ln in?

517 Waterway Ln is zoned for BurnetCONSISD with assigned schools: Shady Grove (elementary), Burnet (Burnet ISD) (middle), Burnet (high). School assignments should be verified directly with the district.

What are the property details for 517 Waterway Ln?

517 Waterway Ln is a Residential built in 1989 featuring 2 bedrooms, 2 full bathrooms, 2,524 square feet, 1.39-acre lot.

What are the property taxes for 517 Waterway Ln?

The most recent annual property tax for 517 Waterway Ln is $12,594. 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 517 Waterway Ln?

This page does not assume a mortgage rate or publish a monthly payment for 517 Waterway Ln. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 517 Waterway Ln compare with other homes in Burnet?

As of Oct 15, 2026, 517 Waterway Ln is offered at $1,450,000. 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.

When was 517 Waterway Ln built?

517 Waterway Ln was built in 1989 (37 years ago). Buyers should budget for potential updates to major systems.

What is the water access at 517 Waterway Ln?

The MLS listing marks 517 Waterway Ln 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 517 Waterway Ln?

The MLS listing reports HOA or association dues of $100 annual for 517 Waterway Ln. 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, 9:47:03 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, 9:47:03 AM

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