#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
2 bed, 2 bath, 2,524 sqft on 1.39 acres in Vanishing Texas. Burnet, TX 78611. $1,535,000. BurnetCONSISD.
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
Verified property facts
517 Waterway Ln is listed at $1,535,000 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 $314,830 (ZIP 78611 geography · single-family closed sales · median sale price · trailing 12 months as of Sep 25, 2026).
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 listed by Ruzicka Real Estate. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Sep 25, 2026.
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.
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1 record on file
Every recorded listing, sale, and lease at 517 WATERWAY LN, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change 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% ($307K)
Adjustable assumption - not a lending recommendation.
$1,535,000
Luxury property intelligence
A sourced read on Vanishing Texas pricing, timing, and property scale. No automated valuation claim.
List price
$1,535,000
Price per sqft
$608/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
59 days
Original to current
$55K reduction
$1.6M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Sep 25, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
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.
As of Sep 25, 2026, 517 Waterway Ln is offered at $1,535,000. The current MLS snapshot shows 165 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.
517 Waterway Ln was built in 1989 (37 years ago). Buyers should budget for potential updates to major systems.
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.
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.
3 events on record
Current Price
$1,535,000
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.
| Address | Sold Price |
|---|---|
| 115 Bumpy Ridge Rd | $840K |
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