Welcome to 515 E Island Dr—an exceptional opportunity to own generational waterfront on Lake Buchanan’s coveted Shaw Island, where only a select few properties are surrounded by water on all sides.Set on approximately 0.51 acres in Bluffton, Texas, this 4-bedroom, 3-bath retreat is designed to capture the lake from nearly every angle. Expansive windows frame panoramic views, filling the home with natural light & creating a seamless indoor-outdoor connection. The open-concept kitchen & living area offer an inviting space for entertaining or relaxing, all with the water as your constant backdrop. Multiple bedrooms provide peaceful, private retreats with stunning views. An attached guest house adds flexibility and value, featuring its own open-concept layout, private bedroom, & full bath with a striking walk-in shower-ideal for hosting guests,family, or a secluded escape. Step outside to your waterfront setting, where a sprawling backyard, expansive patio, & outdoor fireplace create the perfect environment for entertaining or unwinding as Hill Country sunsets stretch across the lake. Lot 100 directly across the street is included, offering additional space & a place to build a shop to store all of your lake toys! Located near Burnet, enjoy easy access to boating, fishing, & top Hill Country attractions, including Inks Lake State Park, Longhorn Cavern, wineries, golf, and local dining. 520 E Island Dr, located caddy-corner is also for sale separately Make it a family compound or multi property lake retreat!
For sale
Price cut: $60.1K (5/21)
$699,900
515 E Island Drive, Bluffton, TX 78607
4beds
2,196sqft
Single Family Residence, Residential
Built in 1984
0.51 Acres Lot
$-- Zestimate®
$319/sqft
$-- HOA
What's special
Seamless indoor-outdoor connectionExpansive patioOutdoor fireplace
- 98 days |
- 723 |
- 38 |
Zillow last checked:
Listing updated:
Listed by:
Tammy J Burnes-Manning 325-248-4573,
The Mannings Realty Group- eXp
Source: HLMLS as distributed by MLS GRID,MLS#: 177270
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Refrigerator, Washer Hookup, Electric Water Heater
Features
- Breakfast Bar
- Flooring: Hardwood, Stained Concrete
- Number of fireplaces: 1
- Fireplace features: One, Other
Interior area
- Total structure area: 2,196
- Total interior livable area: 2,196 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Deck
- Exterior features: Open Concrete Areas
- Has private pool: Yes
- Pool features: Above Ground
- Has view: Yes
- View description: Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Open Water, Lake Buchanan West
- Frontage length: 200
Lot
- Size: 0.51 Acres
- Features: Landscaped
Details
- Parcel number: 013288
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Roof: Metal
Condition
- Year built: 1984
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Green energy
- Energy efficient items: Ceiling Fan(s)
Community & HOA
Community
- Subdivision: Island Village
HOA
- Amenities included: Pool
- Services included: None
Location
- Region: Bluffton
Financial & listing details
- Price per square foot: $319/sqft
- Tax assessed value: $14,670
- Date on market: 3/31/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Price change | $699,900-7.9%$319/sqft |
Source: | ||
| 4/29/2026 | Price change | $759,984-0.7%$346/sqft |
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| 4/21/2026 | Price change | $764,984-0.6%$348/sqft |
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| 3/31/2026 | Listed for sale | $769,9840%$351/sqft |
Source: | ||
| 10/26/2024 | Listing removed | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2024 | Listed for rent | $2,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/30/2024 | Listing removed | -- |
Source: | ||
| 3/29/2024 | Listed for sale | $770,000-30%$351/sqft |
Source: | ||
| 4/3/2023 | Listing removed | -- |
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| 3/15/2023 | Listed for sale | $1,099,500-8.4%$501/sqft |
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| 12/8/2022 | Listing removed | -- |
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| 10/19/2022 | Listed for sale | $1,200,000$546/sqft |
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Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $14,670 |
| 2024 | $37 -1.3% | $14,670 +5% |
| 2023 | $37 | $13,970 |
| 2022 | $37 -10% | $13,970 |
| 2021 | $41 | $13,970 |
| 2020 | $41 | $13,970 |
| 2019 | -- | $13,970 |
| 2018 | $216 | $13,970 +66.7% |
| 2017 | -- | $8,380 -40% |
| 2016 | -- | $13,970 |
| 2015 | -- | $13,970 |
| 2014 | -- | $13,970 -9.9% |
| 2013 | -- | $15,510 -10% |
| 2012 | -- | $17,240 |
| 2011 | -- | $17,240 |
| 2010 | -- | $17,240 |
| 2009 | -- | $17,240 |
| 2008 | -- | $17,240 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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: 78607
Nearby schools
GreatSchools rating
- 4/10Rj Richey Elementary SchoolGrades: 3-5Distance: 12.2 mi
- 5/10Burnet Middle SchoolGrades: 6-8Distance: 11.9 mi
- 6/10Burnet High SchoolGrades: 9-12Distance: 12.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Llano County
- Tow
- 78607
- 515 E Island Drive







