
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
$/Sq Ft
$630
HOA
$100/mo
Garage
7 spaces
Listed by Ruzicka Real Estate
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
517 Waterway Ln is listed at $1,590,000 with 2 bedrooms, 2 full bathrooms, 2,524 square feet, 1.39-acre lot. This places it above the 78611 median of $314,830.
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.
517 Waterway Ln is a Residential built in 1989 featuring 2 bedrooms, 2 full bathrooms, 2,524 square feet, 1.39-acre lot.
517 Waterway Ln is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listed with current price, original ask, and market time.
BurnetCONSISD
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.
20% ($318K)
$1,590,000
Luxury property intelligence
A sourced read on Vanishing Texas pricing, timing, and property scale. No automated valuation claim.
List price
$1,590,000
Price per sqft
$630/sqft
Vs. Vanishing Texas median
Not available
Days on market
5 days
Original to current
No verified reduction
$1.6M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 2, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($318,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 517 Waterway Ln is around $9,300 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,590,000, 517 Waterway Ln is in the Vanishing Texas market where there are currently 162 active listings in 78611.
517 Waterway Ln was built in 1989 (37 years ago). Buyers should budget for potential updates to major systems.
517 Waterway Ln includes verified waterfront access: Lake Front,Lake Privileges,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
517 Waterway Ln is part of a managed community with HOA dues of $100 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
Current Price
$1,590,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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