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.
144 days
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603
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25
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Zillow last checked:
Listing updated:
Listed by:
Tammy J Burnes-Manning325-248-4573,
The Mannings Realty Group- eXp
Source: HLMLS as distributed by MLS GRID,MLS#: 177270
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
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/21/2026
Price change
$699,900-7.9%$319/sqft
Source: HLMLS as distributed by MLS GRID #177270Report a problem
4/29/2026
Price change
$759,984-0.7%$346/sqft
Source: HLMLS as distributed by MLS GRID #177270Report a problem
4/21/2026
Price change
$764,984-0.6%$348/sqft
Source: HLMLS as distributed by MLS GRID #177270Report a problem
3/31/2026
Listed for sale
$769,9840%$351/sqft
Source: HLMLS as distributed by MLS GRID #177270Report a problem