
Lake Buchanan Waterfront Retreat | 2.038 Acres | 213 Feet of Waterfront
Rare opportunity to own a private waterfront retreat on Lake Buchanan with 213 feet of shoreline and over two acres in a gated hillside community. Perched above the lake, this unique property offers panoramic water views, exceptional privacy, and a versatile layout ideal for full-time living, weekend getaways, or income-producing opportunities.
The property features three separate structures, including a charming main residence with a full kitchen, living area, private bedroom, and full bath, as well as a detached studio apartment complete with its own full bath and climate control. A separate two-car garage provides ample storage for vehicles, lake toys, and outdoor equipment.
With a combined 1,112 square feet of living space, private well and septic systems, and plenty of room to expand, the possibilities are endless. Live in one residence while hosting guests in the other, create a private family compound, or explore short-term rental potential.
Enjoy breathtaking sunsets from the expansive deck, easy access to the water, and the peace of mind that comes with an elevated setting above the lake. Whether you're seeking a serene escape, an investment opportunity, or a place to create lasting memories, this Lake Buchanan property offers a truly special waterfront lifestyle.
Property Type
Residential
Year Built
1995
Lot Size
2.03 acres
$/Sq Ft
$629
Garage
2 spaces
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Verified property facts
603 Waterway LN is listed at $700,000 with 2 bedrooms, 2 full bathrooms, 1,112 square feet, 2.03-acre lot. This places it above the 78611 median of $316,220.
603 Waterway LN is zoned for BurnetCONSISD with assigned schools: Burnet (elementary), Burnet (Burnet ISD) (middle), Burnet (high). School assignments should be verified directly with the district.
603 Waterway LN is a Residential built in 1995 featuring 2 bedrooms, 2 full bathrooms, 1,112 square feet, 2.03-acre lot.
603 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 603 Waterway LN is $10,903. 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% ($140K)
$700,000
Luxury property intelligence
A sourced read on Swiss Village pricing, timing, and property scale. No automated valuation claim.
List price
$700,000
Price per sqft
$629/sqft
Vs. Swiss Village median
Not available
Days on market
32 days
Original to current
$51.1K reduction
$751.1K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jul 5, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($140,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 603 Waterway LN is around $4,541 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $700,000, 603 Waterway LN is in the Swiss Village market where there are currently 156 active listings in 78611.
603 Waterway LN was built in 1995 (31 years ago). Buyers should budget for potential updates to major systems.
603 Waterway LN includes verified waterfront access: Lake Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
6 events on record
Current Price
$700,000
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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