Skip main navigation
For sale
  • Price cut: $60.1K (5/21)
    $699,900

    515 E Island Drive, Bluffton, TX 78607

    4beds
    2,196sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1984
    0.51 Acres Lot
    $-- Zestimate®
    $319/sqft
    $-- HOA

    What's special

    Seamless indoor-outdoor connectionExpansive patioOutdoor fireplace
    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!
    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#: 177270MLS Logo

    Loading...

      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

        DateEventPrice
        5/21/2026Price change$699,900-7.9%$319/sqft
        Source: HLMLS as distributed by MLS GRID #177270 Report a problem
        4/29/2026Price change$759,984-0.7%$346/sqft
        Source: HLMLS as distributed by MLS GRID #177270 Report a problem
        4/21/2026Price change$764,984-0.6%$348/sqft
        Source: HLMLS as distributed by MLS GRID #177270 Report a problem
        3/31/2026Listed for sale$769,9840%$351/sqft
        Source: HLMLS as distributed by MLS GRID #177270 Report a problem
        10/26/2024Listing removed$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        10/16/2024Listed for rent$2,500$1/sqft
        Source: Zillow Rentals Report a problem
        6/30/2024Listing removed--
        Source: Unlock MLS #8092125 Report a problem
        3/29/2024Listed for sale$770,000-30%$351/sqft
        Source: HLMLS as distributed by MLS GRID #168124 Report a problem
        4/3/2023Listing removed--
        Source: Unlock MLS #5232422 Report a problem
        3/15/2023Listed for sale$1,099,500-8.4%$501/sqft
        Source: Unlock MLS #5232422 Report a problem
        12/8/2022Listing removed--
        Source: Unlock MLS #9745166 Report a problem
        10/19/2022Listed for sale$1,200,000$546/sqft
        Source: Unlock MLS #9745166 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        0 / 100
        Car-Dependent
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

        Skip to the end of the carouselSkip to the beginning of the carousel