603 Waterway LN — photo 1
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$700,000

603 Waterway LN, Burnet TX 78611

2 bd·2 ba·1,112 sqft·$629/sqft

MLS #242898351 · Compass RE Texas, LLC · Lisa Little

Market insights

Compared with 184 active homes in ZIP 78611 · HomeLocating listings

Area median price
$427,450
This home vs. median
64% above
Homes with a price cut
12%

Property details

Property type
Residential · SingleFamilyResidence
Status
Active
Year built
1995
Full baths
2
Lot size
2.03
Subdivision
Swiss Village
MLS area
BU
MLS #
242898351

Features

Interior features

  • Quartz Counters

Exterior features

  • Boat Dock - Private
  • Boat Slip

Additional details

Parking
Asphalt
Garage spaces
2
Roof
Composition
Foundation
Slab
Annual tax
$10,902

Schools

Assigned schools per the MLS.

School district
BurnetCONSISD
Elementary
Burnet
Middle
Burnet (Burnet ISD)
High
Burnet

About this home

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.

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Listing courtesy of Compass RE Texas, LLC · Lisa Little

Listing data last updated Aug 1, 2026, 11:46 AM

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