Price Reduction - Waterfront - Primary on Main
Address
517 Waterway Ln, Burnet, TX
Price
$ 1,535,000
Property Attributes
- MLS#9033654
- TypeSingle Family
- Listing Status Active
- CountyBURNET
- CityBurnet
- AreaBU
- NeighborhoodVanishing Texas
- Zip78611
- StyleSingle Family Residence
- Year Built1989
- Taxes$ 12594
- Price$ 1,535,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2524
- Lot Size1.388 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
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
| Elementary School | Middle School | High School |
|---|---|---|
| Shady Grove Elementary School | Burnet (Burnet ISD) Middle School | Burnet High School |
| Price History | |
|---|---|
| 7/28/2026 | Listed $1,590,000 |
| 8/13/2026 | 4$1,540,000 |
| 8/26/2026 | 1$1,535,000 |
General Features
| Living Area | 2524 |
|---|---|
| Sewer | Septic Tank |
| Heating | Electric |
| Cooling | Central Air |
| Utilities | Electricity Available,Electricity Connected,Water Available,Water Connected |
| Roof | Metal |
| Appliances | Bar Fridge,Dishwasher,Disposal,Microwave,Electric Oven |
| HOA Fee | 100 |
| Garage Spaces | 7 |
| Association Fee Includes | See Remarks |
| Patio/Porch Features | Front Porch |
| Pool Features | None |
| Construction Materials | Stucco |
| Year Built | 1989 |
| View | Hill Country,Lake,Water |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| Waterfront Features | Lake Front,Lake Privileges,Waterfront |
| Community Features | None |
| Accessibility | None |
| Assoc Fee Paid Per | Annually |
| County | Burnet |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Energy Efficient | None |
| Subdivision Name | Vanishing Texas |
| Facing Direction | South |
| Green Sustainability | None |
| Other Structures | Garage(s),Outbuilding,Storage,Workshop |
| Full Baths | 2 |
| Status | Active |
| Directions | 281 TO HWY 29 * RIGHT ON HWY 2341 * LEFT ON ED LOW DRIVE * LEFT ON WATERWAY LANE * PROPERTY IS AT THE END OF WATERWAY WAY LANE AT GATE ENTRANCE |
| High School | Burnet |
| City | Burnet |
| Body of Water | Lake Buchanan |
| Disclosures | Seller Disclosure |
| Association Name | VANISHING TEXAS |
| MLS Area | BU |
| Lot Size Square Feet | 60461.28 |
| Elementary School | Shady Grove |
| Tax Annual Amount | 12594.23 |
| Middle/Junior High School | Burnet (Burnet ISD) |
| Property Condition | Resale |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 991001 |
Interior Features
| Interior Amenities | Breakfast Bar,Double Vanity,Eat-in Kitchen,Entrance Foyer,No Interior Steps,Open Floorplan,Pantry,Primary Bedroom on Main,Storage,Walk-In Closet(s) |
|---|---|
| Flooring | Concrete,Tile |
| Window Features | Blinds |
| Total Bedrooms | 2 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Boat Dock - Private,Boat Ramp,Exterior Steps,Private Entrance,Private Yard,RV Hookup |
|---|---|
| Fencing | Front Yard,Partial |
| Parking Features | Boat,Covered,Detached,Driveway,Enclosed,Gated,Outside,Oversized,Side By Side,Storage |
| Lot Features | Cleared,Front Yard,Gentle Sloping,Level,Open Lot,Private,Trees-Medium (20 Ft - 40 Ft),Views |
| Water Source | Cistern,Well |
| Total Parking | 20 |
| Foundation Details | Slab |
| Lot Size Acres | 1.388 |
| Waterfront Y/N | Yes |
| Covered Spaces | 7 |
| Horse Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78611
Price
Taxes
Year Built
Visits
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Information provided courtesy of LERA MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed. Provided courtesy of LERA MLS. Copyright 2026 LERA MLS, All Rights Reserved. Data last updated September 14, 2026 3:47 AM UTC
Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
