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
Facts & Features
Interior
- Breakfast Bar
- Double Vanity
- Eat-in Kitchen
- Entrance Foyer
- No Interior Steps
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Storage
- Walk-In Closet(s)
- Bar Fridge
- Dishwasher
- Disposal
- Microwave
- Electric Oven
- Concrete
- Tile
- Heating
- Electric
- Cooling
- Central Air
Exterior & Lot
- Boat Dock - Private
- Boat Ramp
- Exterior Steps
- Private Entrance
- Private Yard
- RV Hookup
- Stucco
- Cleared
- Front Yard
- Gentle Sloping
- Level
- Open Lot
- Private
- Trees-Medium (20 Ft - 40 Ft)
- Views
- Front Yard
- Partial
- Slab
- Front Porch
- Roof
- Metal
- Lot Size
- 1.39 Acres
- Boat
- Covered
- Detached
- Driveway
- Enclosed
- Gated
- Outside
- Oversized
- Side By Side
- Storage
- Garage Spaces
- 7
- 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.
- ActiveListed 2026Current price: $1,450,000Original list: $1,590,000MLS 9033654
- Listed · July 28, 2026$1,590,000
- Price changed · August 13, 2026$1,540,000
- Price changed · August 26, 2026$1,535,000
- Price changed · September 29, 2026$1,499,000
- 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.
- Current list
- $1,450,000
- Original list
- $1,590,000
- Price movement
- $140K reduction
- Listed / DOM
- Jul 28, 2026 · 79 days
Zoned Schools
BurnetCONSISD
Burnet
Burnet
Shady Grove
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 2026-10-15T14:47:03.56+00:00; normalized from annual dues.
20% ($290K)
Adjustable assumption - not a lending recommendation.
$1,450,000
Luxury property intelligence
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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