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    1309 County Road 118B, Burnet, TX 78611

    2beds
    3,280sqft
    Single Family Residence, Residential
    Built in 1978
    0.8 Acres Lot
    $1,257,500 Zestimate®
    $--/sqft
    $4,225 Estimated rent

    Home value

    $1,257,500

    $1.02M - $1.57M

    $4,225/mo

    Zestimate® history
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    What's special

    INCREDIBLE INVESTMENT OPPORTUNITY! Come see this 3200+ sf home on a show-stopping 3/4 acre with 150ft of waterfront on the coveted Colorado Arm of Lake LBJ! Situated on three platted lots across the lake from undeveloped land, you will enjoy a private retreat with stunning panoramic views of the lake and the Texas Hill Country. This property is located at a unique bend in the lake, offering a 1-mile water view down the Colorado arm of Lake LBJ. This is a fantastic opportunity to own a well-built home, ready for your creative eye, or start fresh on the three plated lots, providing flexibility for future expansion or additional development opportunities. This property allows for short-term rentals, making it ideal for a second home or investment property. One of the most unique features is a seaplane hangar located right on the water; this hangar could be used as it was intended or re-imagined into a covered waterfront patio and bar area. Need additional space to store your boat, RV, or lake toys? There is also a 4000+ square foot shop on six lots located nearby that can be purchased separately. Don't miss the opportunity to own this extraordinary lakefront property.

    Zillow last checked:

    Listing updated:

    Listed by:

    Natalie S Virdell 512-940-6918,

    Landmasters Real Estate,

    Andy Virdell 512-720-1454,

    Landmasters Real Estate

    Bought with:

    Jeffrey J Panko, 0657321

    StepStone Realty LLC

    Source: HLMLS as distributed by MLS GRID,MLS#: 166643MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Electric Range, Washer Hookup, Wall Oven
    Features
    • Number of fireplaces: 1
    • Fireplace features: One, Blower Fan
    Interior area
    • Total structure area: 3,280
    • Total interior livable area: 3,280 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: 2 Car Carport
    • Carport spaces: 2
    Features
    • Stories: 3
    • Patio & porch: Covered
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Open Water, Lake LBJ
    • Frontage length: 150
    Lot
    • Size: 0.8 Acres
    • Dimensions: 276 x 150 x 221 x 150
    Details
    • Parcel number: 039159

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence, Residential
    Materials
    • Wood Siding, Brick
    • Foundation: Pier & Beam, Slab
    • Roof: Tile
    Condition
    • Year built: 1978

    Utilities & green energy

    • Sewer: Septic Tank
    Green energy
    • Energy efficient items: Ceiling Fan(s)

    Community & HOA

    Community
    • Subdivision: Sherwood Shores III
    HOA
    • Has HOA: Yes
    • Services included: Road Maintenance
    • HOA fee: $40 annually
    Location
    • Region: Burnet

    Financial & listing details

    • Tax assessed value: $633,916
    • Date on market: 11/14/2023
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/30/2024Sold--
    Source: HLMLS as distributed by MLS GRID #166643 Report a problem
    7/8/2024Pending sale$1,750,000$534/sqft
    Source: HLMLS as distributed by MLS GRID #166643 Report a problem
    5/21/2024Price change$1,750,000-10.3%$534/sqft
    Source: HLMLS as distributed by MLS GRID #166643 Report a problem
    1/9/2024Price change$1,950,000-22%$595/sqft
    Source: HLMLS as distributed by MLS GRID #166643 Report a problem
    11/20/2023Price change$2,500,000+8.7%$762/sqft
    Source: HLMLS as distributed by MLS GRID #166709 Report a problem
    11/14/2023Listed for sale$2,300,000$701/sqft
    Source: HLMLS as distributed by MLS GRID #166643 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $633,916 -62.9%
    2024$12,684 -39.8%$1,708,910
    2023$21,085 +2%$1,708,910 +19.2%
    2022$20,678 +21.7%$1,434,106 +25.2%
    2021$16,987 $1,145,168 +10.7%
    2020-- $1,034,891 +4.3%
    2019$3,096 $992,663 +10.1%
    2017-- $901,218 +3.8%
    2016-- $867,938 -4.1%
    2015-- $905,438 +10.5%
    2014-- $819,358 +14.7%
    2012-- $714,358 +0.2%
    2011-- $712,752
    2010-- $712,752
    2009-- $712,752 +28.4%
    2008-- $555,252 +26.7%
    2007-- $438,108
    Find assessor info on the county website

    Neighborhood: 78611

    Nearby schools

    GreatSchools rating