517 WATERWAY LN, Burnet TX 78611
Burnet, TX 78611 · Vanishing Texas
Single Family Residence for sale in Vanishing Texas
Overview
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
Financial Info
- Price
- $1,299,000
- $ / Sqft
- $515
- HOA
- Yes - Mandatory / $100 / Annually
- HOA Name
- VANISHING TEXAS
- HOA Includes
- See Remarks
- Tax Rate
- 1.3%
- Est. Taxes
- $12,594.23
- Tax Year
- 2026
- Exemptions
- None
Legal Info
- Address
- 517 WATERWAY LN
- County
- Burnet
- City
- Burnet
- State
- TX
- Zip
- 78611
- Subdivision
- Vanishing Texas
- Legal Description
- S8455 VANISHING TEXAS LOT 8 SEC 2 & .052 AC
- Parcel
- 44926
Interior Features
- Floor
- Concrete, Tile
- Num Living
- 1
- Dining
- 2
- Kitchen
- Breakfast Bar, Eat-in Kitchen, Pantry
- Appliances
- Bar Fridge, Dishwasher, Disposal, Microwave, Electric Oven
- Laundry
- Main Level
- Master Bed
- Double Vanity, Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Interior Features
- Breakfast Bar, Double Vanity, Electric Dryer Hookup, Eat-in Kitchen, Entrance Foyer, French Doors, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Storage, Walk-In Closet(s), Washer Hookup, None, Blinds
General Info
- Beds
- 2 Total / 2 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1989 / Resale
- Square Feet
- 2,524 / Public Records
- Garages
- 7
- Garage Desc
- Boat, Covered, Detached, Driveway, Enclosed, Gated, Outside, Oversized, Side By Side, Storage
- Foundation
- Slab
- Roof
- Metal
- Construction
- Stucco
- Acres
- 1.39
- Lot Description
- Cleared, Front Yard, Gentle Sloping, Level, Open Lot, Private, Trees-Medium (20 Ft - 40 Ft), Views
- Restrictions
- Deed Restrictions
- Flood Plain
- See Remarks
- View
- Hill Country, Lake, Water
- Water Access
- Yes
- Waterfront
- Yes
- Area
- BU
Utility Info
- Water
- Cistern, Well
- Sewer
- Septic Tank
- Utilities
- Electricity Available, Electricity Connected, Water Available, Water Connected
- Heat
- Electric
- A C
- Central Air
Exterior Features
- Fence
- Front Yard, Partial
- Exterior Features
- Boat Dock - Private, Boat Ramp, Exterior Steps, Private Entrance, Private Yard, RV Hookup, Front Porch
- Pool On Property
- No
- Area Amenities
- None
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Oct 19, 2026 | Price Decrease | $1,299,000−$100,000 (−7.1%) | −$100,000 (−7.1%) |
| Oct 18, 2026 | Price Decrease | $1,399,000−$51,000 (−3.5%) | −$51,000 (−3.5%) |
| Oct 7, 2026 | Price Decrease | $1,450,000−$49,000 (−3.3%) | −$49,000 (−3.3%) |
| Sep 29, 2026 | Price Decrease | $1,499,000−$36,000 (−2.3%) | −$36,000 (−2.3%) |
| Aug 26, 2026 | Price Decrease | $1,535,000−$5,000 (−0.3%) | −$5,000 (−0.3%) |
| Aug 13, 2026 | Price Decrease | $1,540,000−$50,000 (−3.1%) | −$50,000 (−3.1%) |
| Jul 28, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- BurnetCONSISD
- Elementary
- Shady Grove
- 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
$8,701 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $8,701
- Principal & interest
- $6,568
- Property taxes
- $1,050
- Homeowners insurance
- $1,083
*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 | $1,039,200 | $11,615 | $67,206 | $1,027,585 | |
| 2 | $1,027,585 | $12,393 | $66,428 | $1,015,191 | |
| 3 | $1,015,191 | $13,223 | $65,598 | $1,001,968 | |
| 4 | $1,001,968 | $14,109 | $64,713 | $987,859 | |
| 5 | $987,859 | $15,054 | $63,768 | $972,805 | |
| 6 | $972,805 | $16,062 | $62,759 | $956,743 | |
| 7 | $956,743 | $17,138 | $61,684 | $939,606 | |
| 8 | $939,606 | $18,285 | $60,536 | $921,320 | |
| 9 | $921,320 | $19,510 | $59,311 | $901,810 | |
| 10 | $901,810 | $20,817 | $58,005 | $880,994 |
- Year 1$1,027,585
- Principal paid
- $11,615
- Interest paid
- $67,206
- Starting balance
- $1,039,200
- Year 2$1,015,191
- Principal paid
- $12,393
- Interest paid
- $66,428
- Starting balance
- $1,027,585
- Year 3$1,001,968
- Principal paid
- $13,223
- Interest paid
- $65,598
- Starting balance
- $1,015,191
- Year 4$987,859
- Principal paid
- $14,109
- Interest paid
- $64,713
- Starting balance
- $1,001,968
- Year 5$972,805
- Principal paid
- $15,054
- Interest paid
- $63,768
- Starting balance
- $987,859
- Year 6$956,743
- Principal paid
- $16,062
- Interest paid
- $62,759
- Starting balance
- $972,805
- Year 7$939,606
- Principal paid
- $17,138
- Interest paid
- $61,684
- Starting balance
- $956,743
- Year 8$921,320
- Principal paid
- $18,285
- Interest paid
- $60,536
- Starting balance
- $939,606
- Year 9$901,810
- Principal paid
- $19,510
- Interest paid
- $59,311
- Starting balance
- $921,320
- Year 10$880,994
- Principal paid
- $20,817
- Interest paid
- $58,005
- Starting balance
- $901,810
Nearby
12 closest listings to 517 WATERWAY LN, Burnet TX 78611 (within 2 miles).
Courtesy of Ruzicka Real Estate · (512) 266-9995
Listings courtesy of ACTRIS as distributed by MLS GRID.