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516 Island Lodges DR, Buchanan Dam TX 78609

Buchanan Dam, TX 78609 · Island Lodges

Single Family Residence for sale in Island Lodges

3Bedrooms
3 full / 1 halfBathrooms
2,878Square Ft
0.29Acres
1Garage
1980Year Built
New
1 / 38
$920,000

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

Rooms6 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

Members only
Days on market
$920,000
List price
0
Price reductions
Active
Since Sep 30, 2026
Property history0 events

No price or status changes recorded yet.

Taxes

Tax data isn’t available for this property’s county yet.

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

List price $920,000
Down payment
Stays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)

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.

Principal, interest and balance for each year
YearStarting balancePrincipal paidInterest paidEnding balancePrincipal 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
First 10 of 30 years

Nearby

Courtesy of Phyllis Browning Company · (512) 215-8587

Listings courtesy of ACTRIS as distributed by MLS GRID.