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Verified property facts
603 Waterway Ln is listed at $699,714 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
Price Change with current price, original ask, and market time.
Lake Buchanan Waterfront – Three Building Retreat Experience true lakefront living on 2.038 private acres in a gated hillside community offering natural flood protection, panoramic views, and direct access to Lake Buchanan. This property includes three buildings and 213 feet of exclusive waterfront—perfect for full?time residents, weekend escapes, or investment potential. Property Highlights - Main Home: 1 bedroom, 1 full bath, full kitchen and living room with air conditioning and heat for year round comfort. - Studio Apartment Building:** Open concept layout with full bath, electric air and heat—ideal for guests, rental income, or a private home office. - Detached Two Car Garage:** Room for vehicles, watercraft, or storage. - **Total Indoor Living Space:** 1,112 square feet (not including garage or deck). - **Private Utilities:** Well and septic system for lower monthly costs and independent water and waste service. - **Expansive Lot:** Over two full acres with space to expand, garden, or construct additional structures. - **Flexible Living Options:** Live in one building and rent the other, creating income potential or separate guest accommodations. - **Direct Lake Access:** Enjoy breathtaking sunsets, a large deck for entertaining, and 213 feet of private waterfront. - **Hillside Elevation:** Gated, high ground setting offers excellent natural flood protection and stunning views. ### Financial & Sale Details - **County Assessment:** $850,000 - Motivated Seller: Ready to close by **July 1, 2026.** This exceptional Lake Buchanan property delivers privacy, scenic beauty, and endless potential—an elevated waterfront retreat where comfort meets opportunity.
Property Type
Residential
Year Built
1995
Lot Size
2.03 acres
$/Sq Ft
$629
Garage
2 spaces
Listed by ByOwner.com
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
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. Ratings from GreatSchools.org.
20% ($140K)
$699,714
Luxury property intelligence
A sourced read on Swiss Village pricing, timing, and property scale. No automated valuation claim.
List price
$699,714
Price per sqft
$629/sqft
Vs. Swiss Village median
Not available
Days on market
164 days
Original to current
$51.4K reduction
$751.1K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 8, 2026.
Request Private Market AnalysisWith 20% down ($139,943) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 603 Waterway Ln is around $4,539 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $699,714, 603 Waterway Ln is in the Swiss Village market where there are currently 151 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. 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.
4 events on record
Current Price
$699,714
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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