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  • Price cut: $100K (7/10)
    $1,399,900

    1225 Waterway Ln, Burnet, TX 78611

    3beds
    3,207sqft
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    Single Family Residence
    Built in 1985
    1.24 Acres Lot
    $1,332,800 Zestimate®
    $437/sqft
    $33/mo HOA

    What's special

    Stone fireplacePrivate boat dockLoft spaceMassive elevated entertaining decksSplit-level main housePanoramic open-water viewsLake views
    Sold FULLY FURNISHED if desired! Extraordinary waterfront retreat on Lake Buchanan featuring panoramic open-water views, massive elevated entertaining decks, mature shade trees, private boat dock, and a proven Airbnb rental history with nearly 40 five-star reviews. This turnkey lakefront property blends rustic Hill Country charm with exceptional indoor-outdoor living, creating an unforgettable destination for both owners and guests. The split-level main house features 2 bedrooms, 2 en-suite baths, a loft space, over-sized kitchen with gas cooktop, island, and granite countertops, a dining area with 180-degree lake views and a stone fireplace. The living space opens onto the large deck ideal for indoor/outdoor entertaining. The guesthouse across the street sits above an oversized 3 car garage that is currently being used as a game room for the short-term rental. The guesthouse has its own private entrance and includes a large living space with hill-top lake views, 1 bedroom, 1 bath, and kitchen. The guesthouse has proven long-term rental history but may also be used as additional living space for the short-term rental. The home sits on 1.24 acres with approximately 285 feet of direct water access to a deep-water cove. Water remained in the cove even in the most recent low lake levels in Summer of 2023. The floating dock and rolling stairs allow for fluctuating water levels. Next to the home is a unique dome with around 800 square feet of storage space, with endless opportunities for additional one-of-a-kind living space! There is also an additional undeveloped portion of the property that offers added privacy and potential to place an RV or two, with lake views. This property is a rare find on Lake Buchanan! Virtual tour link available on MLS.
    53 days
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    320
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    13
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jack McLemore (817) 283-5134,

    Listing Results, LLC (817) 283-5134

    Source: Unlock MLS,MLS#: 7528792MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Propane
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Electric Cooktop, Gas Range, Microwave, Double Oven, Refrigerator, Trash Compactor
      Features
      • Ceiling Fan(s), High Ceilings, Electric Dryer Hookup, Interior Steps, Kitchen Island, Storage, Walk-In Closet(s), Washer Hookup
      • Flooring: Tile, Wood
      • Windows: None
      • Number of fireplaces: 1
      • Fireplace features: Living Room
      Interior area
      • Total interior livable area: 3,207 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Multi/Split
      • Patio & porch: Covered, Deck
      • Exterior features: Balcony, Boat Dock - Private, Boat Lift, Gutters Full
      • Pool features: None
      • Fencing: None
      • Has view: Yes
      • View description: Hill Country, Lake, Panoramic
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Lake Front, Waterfront
      • Body of water: Lake Buchanan
      Lot
      • Size: 1.24 Acres
      • Features: Bluff, Sloped Down, Views
      Details
      • Additional structures: Guest House, Storage
      • Parcel number: 08250000000078000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Pillar/Post/Pier, Slab
      • Roof: Metal
      Condition
      • Resale
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Connected, Propane

      Community & HOA

      Community
      • Features: None
      • Subdivision: Swiss Village
      HOA
      • Has HOA: Yes
      • Services included: See Remarks
      • HOA fee: $400 annually
      • HOA name: Swiss Village
      Location
      • Region: Burnet

      Financial & listing details

      • Price per square foot: $437/sqft
      • Tax assessed value: $975,000
      • Date on market: 5/29/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Electric utility on property: Yes

        Estimated market value

        $1,332,800

        $1.27M - $1.40M

        $3,443/mo

        Price history

        DateEventPrice
        7/10/2026Price change$1,399,900-6.7%$437/sqft
        Source: Unlock MLS #7528792 Report a problem
        5/29/2026Listed for sale$1,499,900+25%$468/sqft
        Source: Unlock MLS #7528792 Report a problem
        2/15/2022Sold--
        Source: HLMLS as distributed by MLS GRID #158093 Report a problem
        12/15/2021Contingent$1,200,000$374/sqft
        Source: Unlock MLS #7134516 Report a problem
        12/3/2021Pending sale$1,200,000$374/sqft
        Source: HLMLS as distributed by MLS GRID #158093 Report a problem
        10/31/2021Listed for sale$1,200,000$374/sqft
        Source: HLMLS as distributed by MLS GRID #158093 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $975,000 -4.2%
        2024$13,289 -1%$1,017,317 -0.7%
        2023$13,423 -7%$1,025,000 +6.8%
        2022$14,437 +34.7%$959,976 +39.3%
        2021$10,720 $688,914 +9.1%
        2020-- $631,627 -1.5%
        2019$10,746 $641,166 +28.6%
        2017-- $498,531 +8.6%
        2016-- $458,884
        2015-- $458,884 -3.6%
        2014-- $475,999 -16.7%
        2012-- $571,601
        2011-- $571,601 +4.6%
        2010-- $546,277
        2009-- $546,277 +8.8%
        2008-- $501,867 +7.4%
        2007-- $467,082
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 78611

        Getting around

        0 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: RJ Richey
        • Middle: Burnet (Burnet ISD)
        • High: Burnet
        • District: BurnetCONSISD

        Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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