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Burnet · Vanishing Texas

$1,299,000 87 days on market

Reduced from $1,590,000 · −18.3%

517 WATERWAY Ln, Burnet, TX 78611

  • 2bedrooms
  • 2bathrooms
  • 2,524sqft
  • 1.4acres
  • 1989year built

About this home

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

Property

Type
Single Family Residence
Levels
One
Year built
1989
Lot size
1.39 acres
Subdivision
Vanishing Texas
MLS #
ACT9033654

Inside

Bedrooms
2
Bathrooms
2
Living area
2,524 sqft

Outside / parking

Garage spaces
7
Waterfront
Yes

Schools

Elementary
Shady Grove
High school
Burnet
District
BurnetCONSISD

Costs

HOA
$100 / annually
Est. annual taxes
$12,594 (2026)

Listing

First listed
Jul 28, 2026
Days listed
87
Original price
$1,590,000
Status
Active

Listed by Vlado Ruzicka, Ruzicka Real Estate · [email protected] · MLS# ACT9033654 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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