$700,000

603 Waterway LN, Burnet, TX 78611

  • 2 beds |
  • 2 baths |
  • 1,112 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1995
  • Property Lot Size Icon2.03acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $629/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Rare income-producing waterfront estate on Lake Buchanan! Situated on 2.03 unconstrained acres with 213 feet of shoreline located directly at year-round deep water, this prime Hill Country property offers the ultimate combination of immediate lakefront living, cash-flow potential, and custom development flexibility. It is conveniently located just 90 minutes from Austin and 20 minutes from Marble Falls. The property features a charming 1-bedroom main house plus a separate studio casita equipped with a kitchenette and full bath, offering 1,112 total square feet. It is short-term rental ready with a proven track record. Live in one unit and rent the other, operate both as a dual-unit getaway, or keep the entire compound as your private weekend retreat. A detached two-car garage provides ideal storage for boats, jet skis, and lake gear. Enjoy the full lake house lifestyle from day one while designing and permitting your dream luxury primary residence on the elevated upper pad overlooking panoramic water views. The existing residences easily preserve as a completed guest compound or income-producing rental. With broad acreage, low Burnet County tax rates, and year-round deep-water access, 603 Waterway represents one of the most versatile waterfront opportunities on Lake Buchanan. Schedule your private tour today.

Listing Status:
Active
Data Last Updated:
August 29, 2026 at 12:19AM
Listing Office:
Compass RE Texas, LLC : (512) 575-3644
Listing Agent:
Lisa Little : (512) 605-9590
MLS ID:
8136931
  • General: Ceiling Fan(s)Quartz CountersEat-in KitchenRecessed Lighting
  • Appliances: Built-In Electric Range
  • Laundry: Inside
  • Flooring: Tile
  • A/C: Central Air
  • Heating: Central
  • Fireplace: Family RoomGas LogFireplaces: 1
  • Eco/Green Feature: NoneNone
  • General: Exterior StepsLightingOutdoor Grill
  • Other Structures: Garage(s)Guest HouseDeck
  • Pool: None
  • Parking: AsphaltDetachedDoor-SingleGarageGarage Door OpenerParking spaces: 2
  • Roofing: Composition
  • Windows: Double Pane Windows
  • General: OneSlab
  • HOA Amenities: 400.0Annually
  • Originating MLS: actris
  • School District: BurnetCONSISD
  • County: Burnet
  • Zoning: S8250 SWISS VILLAGE LOT 3C 2.0443235
  • View: Hill CountryLakeTrees/WoodsWater
  • Fencing: Split Rail
  • Utilities: Electricity ConnectedWater Connected
  • Water: Well
  • Sewer: Aerobic Septic
  • Source: actris

This listing courtesy of Lisa Little , Compass RE Texas, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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#4131188 - Compass RE Texas, LLC