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603 Waterway Ln

Burnet, TX, 78611

Active

$700,000

Asking sale price

Listed by Compass RE Texas, LLC · Lisa Little

Listing attribution contact: (512) 605-9590

MLS #8136931 · Active

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Data obtained . Listing modified .

Photos are not available.

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0 listing photos available here.

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2Bedrooms

2Bathrooms

1995Year built

Single Family ResidenceProperty type

THE HOME, IN THE LISTING AGENT’S WORDS

A closer look.

Rare income-producing waterfront estate on Lake Buchanan! Situated on 2.03 unconstrained acres with 213 feet of shoreline located directly at year-round deep water, this prime Hill Country property offers the ultimate combination of immediate lakefront living, cash-flow potential, and custom development flexibility. It is conveniently located just 90 minutes from Austin and 20 minutes from Marble Falls.

Read the full description

The property features a charming 1-bedroom main house plus a separate studio casita equipped with a kitchenette and full bath, offering 1,112 total square feet. It is short-term rental ready with a proven track record. Live in one unit and rent the other, operate both as a dual-unit getaway, or keep the entire compound as your private weekend retreat. A detached two-car garage provides ideal storage for boats, jet skis, and lake gear.

Enjoy the full lake house lifestyle from day one while designing and permitting your dream luxury primary residence on the elevated upper pad overlooking panoramic water views. The existing residences easily preserve as a completed guest compound or income-producing rental. With broad acreage, low Burnet County tax rates, and year-round deep-water access, 603 Waterway represents one of the most versatile waterfront opportunities on Lake Buchanan. Schedule your private tour today.

THE DETAILS THAT SHAPE YOUR DAY

Reported property facts

Property type
Residential
Property subtype
Single Family Residence
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Half bathrooms
0
Living area
1,112 (units not reported)
Lot acres
2.03
Year built
1995
Parking spaces
2
Garage spaces
2

Schools reported in the listing

  • High schoolBurnet
  • Middle schoolBurnet (Burnet ISD)
  • DistrictBurnetCONSISD
  • ElementaryBurnet

Verify assignment with the relevant district for the exact address, program and school year. These source-reported names are not ratings or an enrollment guarantee.

Features & finishes

lot

Irregular Lot · Private · Many Trees · Views

pool

None

roof

Composition

view

Hill Country · Lake · Trees/Woods · Water

patio

Deck

sewer

Aerobic Septic

levels

One

cooling

Central Air

fencing

Split Rail

heating

Central

parking

Asphalt · Detached · Door-Single · Garage · Garage Door Opener

exterior

Exterior Steps · Lighting · Outdoor Grill

flooring

Tile

interior

Ceiling Fan(s) · Quartz Counters · Eat-in Kitchen · Recessed Lighting

community

None

utilities

Electricity Connected · Water Connected

appliances

Built-In Electric Range

waterfront

Lake Front · Waterfront

water Source

Well

construction

Wood Siding

accessibility

None

LOOK BELOW THE LISTING

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603 Waterway Ln

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TAKE THE NEXT STEP

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Listing source and permitted use

Presented by Austin Local Team · All City Real Estate, ltd. Co. · (512) 710-0337

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Some IDX listings have been excluded from this website. This search includes eligible Active, Active Under Contract and Pending listings. Availability can change; confirm current status with the listing agent.

IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Use may be subject to an end user license agreement prescribed by the applicable MLS. Any use or search other than by a consumer looking to purchase real estate is prohibited.

Based on information submitted to the MLS GRID as of Sep 15, 2026, 1:55 AM Central. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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