603 Waterway Ln
Burnet, TX, 78611 $ 699,714
Bedrooms2 Baths2.0 Sq 1,112 Monthly Estimate*
$ 4,308
for $699,714 with 2 bedrooms and 2 full baths. This 1,112 square foot home was built in 1995 on a lot size of 2.03.
Lake Buchanan Waterfront – Three Building Retreat Experience true lakefront living on 2.038 private acres in a gated hillside community offering natural flood protection, panoramic views, and direct access to Lake Buchanan. This property includes three buildings and 213 feet of exclusive waterfront—perfect for full?time residents, weekend escapes, or investment potential. Property Highlights - Main Home: 1 bedroom, 1 full bath, full kitchen and living room with air conditioning and heat for year round comfort. - Studio Apartment Building:** Open concept layout with full bath, electric air and heat—ideal for guests, rental income, or a private home office. - Detached Two Car Garage:** Room for vehicles, watercraft, or storage. - **Total Indoor Living Space:** 1,112 square feet (not including garage or deck). - **Private Utilities:** Well and septic system for lower monthly costs and independent water and waste service. - **Expansive Lot:** Over two full acres with space to expand, garden, or construct additional structures. - **Flexible Living Options:** Live in one building and rent the other, creating income potential or separate guest accommodations. - **Direct Lake Access:** Enjoy breathtaking sunsets, a large deck for entertaining, and 213 feet of private waterfront. - **Hillside Elevation:** Gated, high ground setting offers excellent natural flood protection and stunning views. ### Financial & Sale Details - **County Assessment:** $850,000 - Motivated Seller: Ready to close by **July 1, 2026.** This exceptional Lake Buchanan property delivers privacy, scenic beauty, and endless potential—an elevated waterfront retreat where comfort meets opportunity.
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FeaturesGeneralLiving Area 1112
Sewer Aerobic Septic
Heating Central
Cooling Central Air
Utilities Electricity Connected Water Connected
Roof Composition
Appliances Built-In Electric Range
Garage Spaces 2
Patio/Porch Features Deck
Pool Features None
Construction Materials Wood Siding
Year Built 1995
View Lake Water
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Lake Front Waterfront
Community Features None
Accessibility None
County Burnet
New Construction N
Property Type Residential
HOA N
Energy Efficient None
Subdivision Name Swiss Village
Facing Direction North
Green Sustainability None
Other Structures Garage(s) Guest House
Full Baths 2
Status Active
Directions From State Hwy 29 Go north on FM 2341 Left on Ed Low Dr Left on Waterway Ln House is on the left.
High School Burnet
City Burnet
Body of Water Lake Buchanan
Disclosures None
MLS Area BU
Lot Size Square Feet 88426.8
Elementary School Burnet
Tax Annual Amount 10902.95
Middle/Junior High School Burnet (Burnet ISD)
Property Condition Resale
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 850000
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InteriorInterior Amenities Quartz Counters
Flooring Tile
Total Fireplaces 1
Fireplace Features Family Room Gas Log
Window Features Double Pane Windows
Half Baths 0
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
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ExteriorExterior Amenities Boat Dock - Private Boat Slip
Fencing Split Rail
Parking Features Asphalt
Lot Features Irregular Lot Private Many Trees Views
Water Source Well
Total Parking 2
Foundation Details Slab
Lot Size Acres 2.03
Waterfront Y/N Y
Covered Spaces 2
Horse Y/N N
Horse Amenities None
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* Excluded FeaturesList ByDustin TuckerListing Agent
dustin@txlotbuyers.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,308
- Monthly Property Taxes
- $909
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Burnet, TX
Average List Price $752,119
Percent of Sale Price 7%
About Burnet, TX 6,693 Population
36% Since 2002
$ 50,571 Median Income
36.3 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
5285993 Elementary School
5285980 Middle School
Burnet High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/15/2026 | $699,714 | -6.17% | Price Down |
| 3/23/2026 | $745,714 | -0.72% | Price Down |
| 3/12/2026 | $751,114 | -7.40% | Price Down |
| 11/28/2025 | $811,140 | | Listed Price |