$700,000

603 Waterway Ln, Burnet, TX 78611

2 beds2 baths 1,112 sqft Built 1995131 days on Koti

Why Koti picked this home

Income-producing waterfront estate with 213 feet of Lake Buchanan shoreline on expansive 2.03 acres.

About this home

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. 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.

Features

Ceiling Fan(s)

Quartz Counters

Eat-in Kitchen

Recessed Lighting

Exterior Steps

Lighting

Outdoor Grill

Details

Property type: Single-family home

MLS & IDX compliance

IDX data provided by Unlock MLS, distributed via MLS GRID.

Listing courtesy of Lisa Little, Compass RE Texas, LLC.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of Oct 12, 2026, 7:43 PM UTC. 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.

Equal Housing Opportunity