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ActiveMLS #9033654

517 WATERWAY LN, Burnet TX 78611

Burnet, TX 78611 · Vanishing Texas

Single Family Residence for sale in Vanishing Texas

2Bedrooms
2Bathrooms
2,524Square Ft
1.39Acres
7Garage
1989Year Built
Price Reduced
1 / 39
$1,535,000$1,590,000

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
$1,535,000
$ / Sqft
$608
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

Members only
Days on market
−$55,000 (−3.5%)
$1,590,000 → $1,535,000
2
Price reductions
Active
Since Jul 28, 2026
Price trend
List priceJul 2026Aug 2026
Property history3 events
DateEventPriceChange
Aug 26, 2026Price Decrease$1,535,000−$5,000 (−0.3%)
Aug 13, 2026Price Decrease$1,540,000−$50,000 (−3.1%)
Jul 28, 2026New Listing

Taxes

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

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

List price $1,535,000
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

$10,091 / mo

20% down · 6.50% interest · 30-year fixed

Estimated monthly payment $10,091

Principal & interest
$7,762
Property taxes
$1,050
Homeowners insurance
$1,279

*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$1,228,000$13,726$79,416$1,214,274
2$1,214,274$14,645$78,497$1,199,629
3$1,199,629$15,626$77,516$1,184,004
4$1,184,004$16,672$76,469$1,167,332
5$1,167,332$17,789$75,353$1,149,543
6$1,149,543$18,980$74,161$1,130,563
7$1,130,563$20,251$72,890$1,110,311
8$1,110,311$21,607$71,534$1,088,704
9$1,088,704$23,055$70,087$1,065,649
10$1,065,649$24,599$68,543$1,041,051
  • Year 1$1,214,274
    Principal paid
    $13,726
    Interest paid
    $79,416
    Starting balance
    $1,228,000
  • Year 2$1,199,629
    Principal paid
    $14,645
    Interest paid
    $78,497
    Starting balance
    $1,214,274
  • Year 3$1,184,004
    Principal paid
    $15,626
    Interest paid
    $77,516
    Starting balance
    $1,199,629
  • Year 4$1,167,332
    Principal paid
    $16,672
    Interest paid
    $76,469
    Starting balance
    $1,184,004
  • Year 5$1,149,543
    Principal paid
    $17,789
    Interest paid
    $75,353
    Starting balance
    $1,167,332
  • Year 6$1,130,563
    Principal paid
    $18,980
    Interest paid
    $74,161
    Starting balance
    $1,149,543
  • Year 7$1,110,311
    Principal paid
    $20,251
    Interest paid
    $72,890
    Starting balance
    $1,130,563
  • Year 8$1,088,704
    Principal paid
    $21,607
    Interest paid
    $71,534
    Starting balance
    $1,110,311
  • Year 9$1,065,649
    Principal paid
    $23,055
    Interest paid
    $70,087
    Starting balance
    $1,088,704
  • Year 10$1,041,051
    Principal paid
    $24,599
    Interest paid
    $68,543
    Starting balance
    $1,065,649
First 10 of 30 years

Nearby

Courtesy of Ruzicka Real Estate · (512) 266-9995

Listings courtesy of ACTRIS as distributed by MLS GRID.