516 Island Lodges DR, Buchanan Dam TX 78609
Buchanan Dam, TX 78609 · Island Lodges
Single Family Residence for sale in Island Lodges
Overview
Property Description
Distinctive and tranquil living embraces you at 516 Island Lodges Drive on Lake Buchanan. Completely renovated and expanded in 2023, this retreat offers approximately 136 feet of waterfront. Upon entry, you will find over 650 square feet of flex space with a half bath and sliding glass door leading to the lake, hot tub, and patio. Around the corner, the great room brings together living, dining, and a thoughtfully-designed kitchen with custom cabinetry, pull-out shelving, a large pantry, double ovens, microwave drawer, and induction cooktop (plumbed for gas if you prefer). Picture windows and sliding glass doors provide beautiful panoramic views of the lake and its ecosystem. Two primary suites are in the main house: one with an oversized spa tub and separate shower, and the other with barrier-free entry shower. Both suites offer walk-in closets with built-in shelving. A utility room with built-in shelving and storage is conveniently located between the suites. Just steps from the main house, a detached, multi-use one-bedroom casita offers its own living area with picture windows, kitchenette, and full bath, providing space for guests, work, or rental use. The boat dock features an electric lift, fish-cleaning station, and adjustable cable system that allows it to be moved farther from shore as lake levels change. Upgrades include a whole-home generator with a buried 500-gallon propane tank, new HVAC, new septic system, reverse-osmosis water filtration, water softening systems, adjustable lighting, and a revamped draining system. Island Lodges is a peninsula community made up of full- and part-time residents, many of whom have lived and/or vacationed here for multiple generations. In a world that has become both too hectic and rapidly-changing, 516 Island Lodges Drive offers a sanctuary of serenity and the opportunity to enjoy lake life with family and friends. Join us as soon as you can!
Financial Info
- Price
- $920,000
- $ / Sqft
- $320
- HOA
- Yes - Mandatory / $200 / Annually
- HOA Name
- ISLAND LODGES
- HOA Includes
- See Remarks
- Tax Rate
- 1.21453%
- Est. Taxes
- $6,470
- Tax Year
- 2026
- Exemptions
- Homestead, Over 65
Legal Info
- Address
- 516 Island Lodges DR
- County
- Llano
- City
- Buchanan Dam
- State
- TX
- Zip
- 78609
- Subdivision
- Island Lodges
- Legal Description
- ISLAND LODGES SECTION 1 LTS 13 & E 1/2 OF LT 14
- Parcel
- 7967
Interior Features
- Floor
- Carpet, Laminate, Tile
- Num Living
- 2
- Dining
- 2
- Kitchen
- Kitchen Island, Pantry
- Appliances
- Built-In Oven(s), Dishwasher, Disposal, Induction Cooktop, Microwave, Double Oven, WaterPurifier, WaterSoftener
- Laundry
- Laundry Room
- Master Bed
- Double Vanity, Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Interior Features
- 2 Primary Suites, Ceiling Fan(s), Quartz Counters, Crown Molding, Double Vanity, Electric Dryer Hookup, Kitchen Island, Low Flow Plumbing Fixtures, Multiple Dining Areas, Multiple Living Areas, No Interior Steps, Pantry, Primary Bedroom on Main, Recessed Lighting, Smart Thermostat, Walk-In Closet(s), Washer Hookup, Carbon Monoxide Detector(s), Window Coverings
General Info
- Beds
- 3 Total / 3 Main Level
- Full / Half Baths
- 3 / 1
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1980 / Updated/Remodeled
- Square Feet
- 2,878 / Public Records
- Garages
- 1
- Garage Desc
- Concrete, Detached, Garage, Garage Door Opener
- Foundation
- Slab
- Roof
- Metal
- Construction
- Brick, Cement Siding, Wood Siding
- Acres
- 0.29
- Lot Description
- Cul-De-Sac, Landscaped
- Restrictions
- None
- Flood Plain
- Partial, Yes-500 yr
- View
- Lake, Panoramic, Water
- Water Access
- Yes
- Waterfront
- Yes
- Area
- LL
Utility Info
- Water
- Public
- Sewer
- Septic Tank
- Utilities
- Electricity Connected, Other, Propane, Water Connected
- Heat
- Central, Electric
- A C
- Ceiling Fan(s), Central Air
Exterior Features
- Fence
- None
- Exterior Features
- Boat Dock - Private, Boat Lift, Patio
- Pool On Property
- No
- Area Amenities
- Fishing, Lake
Rooms
Main level
- Primary Bedroom
Ceiling Fan(s), Quartz Counters, Dual Vanity, Full Bath, Jetted Tub, Separate Shower, Walk-In Closet(s), Walk-in Shower
- Great Room
Kitchen, dining, and living all in one great room.
- Bedroom
Located in the detached, multi-use casita
Ceiling Fan(s), Quartz Counters, See Remarks, Walk-In Closet(s)
- Laundry
Electric Dryer Hookup, Storage, Washer Hookup
- Family Room
Flexible living space, currently set up as a TV and game room
- Bedroom
2nd bedroom in the main house with private accessible bathroom.
Ceiling Fan(s), Quartz Counters, Full Bath, Walk-In Closet(s), Walk-in Shower
Price history
No price or status changes recorded yet.
Taxes
Schools
School Info
- District
- BurnetCONSISD
- Elementary
- Burnet
- Middle
- Burnet (Burnet ISD)
- High
- Burnet
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$5,958 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $5,958
- Principal & interest
- $4,652
- Property taxes
- $539
- Homeowners insurance
- $767
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $736,000 | $8,226 | $47,598 | $727,774 | |
| 2 | $727,774 | $8,777 | $47,047 | $718,996 | |
| 3 | $718,996 | $9,365 | $46,459 | $709,631 | |
| 4 | $709,631 | $9,992 | $45,832 | $699,638 | |
| 5 | $699,638 | $10,662 | $45,163 | $688,977 | |
| 6 | $688,977 | $11,376 | $44,449 | $677,601 | |
| 7 | $677,601 | $12,138 | $43,687 | $665,464 | |
| 8 | $665,464 | $12,950 | $42,874 | $652,513 | |
| 9 | $652,513 | $13,818 | $42,007 | $638,695 | |
| 10 | $638,695 | $14,743 | $41,081 | $623,952 |
- Year 1$727,774
- Principal paid
- $8,226
- Interest paid
- $47,598
- Starting balance
- $736,000
- Year 2$718,996
- Principal paid
- $8,777
- Interest paid
- $47,047
- Starting balance
- $727,774
- Year 3$709,631
- Principal paid
- $9,365
- Interest paid
- $46,459
- Starting balance
- $718,996
- Year 4$699,638
- Principal paid
- $9,992
- Interest paid
- $45,832
- Starting balance
- $709,631
- Year 5$688,977
- Principal paid
- $10,662
- Interest paid
- $45,163
- Starting balance
- $699,638
- Year 6$677,601
- Principal paid
- $11,376
- Interest paid
- $44,449
- Starting balance
- $688,977
- Year 7$665,464
- Principal paid
- $12,138
- Interest paid
- $43,687
- Starting balance
- $677,601
- Year 8$652,513
- Principal paid
- $12,950
- Interest paid
- $42,874
- Starting balance
- $665,464
- Year 9$638,695
- Principal paid
- $13,818
- Interest paid
- $42,007
- Starting balance
- $652,513
- Year 10$623,952
- Principal paid
- $14,743
- Interest paid
- $41,081
- Starting balance
- $638,695
Nearby
Courtesy of Phyllis Browning Company · (512) 215-8587
Listings courtesy of ACTRIS as distributed by MLS GRID.