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For sale
  • Price cut: $5K (8/26)
    $1,540,000

    517 WATERWAY LANE, Burnet, TX 78611

    2beds
    2,524sqft
    : 
    $10,085/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1989
    1.38 Acres Lot
    $-- Zestimate®
    $610/sqft
    $8/mo HOA

    What's special

    Breathtaking waterfront settingsImmaculate one-story lake homeAbundant natural lightExpansive vacation deckThoughtfully designed low-maintenance landscapingInviting open feelSoaring ceilings
    FABULOUS WATERFRONT RETREAT ON LAKE BUCHANAN! Experience one of the most breathtaking waterfront settings in the Texas Hill Country, where spectacular panoramic views of the main body of Lake Buchanan create an unforgettable backdrop. This exceptional property offers a rare opportunity to enjoy the peaceful beauty of lake living while remaining conveniently close to nearby amenities. The immaculate one-story lake home features soaring ceilings, abundant natural light, and an inviting open feel designed to showcase the incredible views. Step outside onto the expansive vacation deck, where you'll enjoy morning coffee, evening sunsets, and endless opportunities to relax while overlooking the sparkling waters of Lake Buchanan. Designed for both recreation and convenience, the property includes its own private boat dock and boat ramp, making it easy to spend your days boating, fishing, kayaking, or simply enjoying the lake. A large metal building provides excellent storage, workshop space, and room for recreational equipment, while the spacious front lawn offers abundant parking for family and guests. The grounds are beautifully enhanced with impressive custom stonework, including elegant planters, staircases, and thoughtfully designed low-maintenance landscaping that complements the natural surroundings. Towering trees, native wildlife, and the serene beauty of the Texas Hill Country create an atmosphere that feels worlds away from everyday life.OWNER/AGENT
    32 days
    205
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    KAREN RUZICKA 512-633-8587,

    Ruzicka Real Estate

    Source: HLMLS as distributed by MLS GRID,MLS#: 178889MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Dining Room, Family Room, Foyer, Kitchen, Laundry, Living Room, Main Level Master Bdrm
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Microwave, Washer Hookup, Electric Water Heater
      Features
      • Breakfast Bar, Pantry
      • Flooring: Stained Concrete
      • Has fireplace: No
      Interior area
      • Total structure area: 2,524
      • Total interior livable area: 2,524 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered
      • On waterfront: Yes
      • Waterfront features: Open Water, Lake Buchanan West
      • Frontage length: 338
      Lot
      • Size: 1.38 Acres
      • Dimensions: 338 x 1
      Details
      • Parcel number: 044926

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Materials
      • Stucco
      • Foundation: Slab
      • Roof: Metal
      Condition
      • Year built: 1989

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: Vanishing Texas
      HOA
      • Has HOA: Yes
      • HOA fee: $100 annually
      Location
      • Region: Burnet

      Financial & listing details

      • Price per square foot: $610/sqft
      • Tax assessed value: $991,001
      • Date on market: 7/28/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/26/2026Price change$1,535,000-0.3%$608/sqft
        Source: Unlock MLS #9033654 Report a problem
        8/13/2026Price change$1,540,000-3.1%$610/sqft
        Source: Unlock MLS #9033654 Report a problem
        7/28/2026Listed for sale$1,590,000$630/sqft
        Source: Unlock MLS #9033654 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $991,001
        2024$12,945 -0.3%$991,001
        2023$12,978 -5.7%$991,001 +8.3%
        2022$13,761 +20.1%$915,008 +24.2%
        2021$11,460 $736,515 +6.3%
        2020-- $692,831 +0.1%
        2019$11,602 $692,233 +57.4%
        2017-- $439,897 +7.5%
        2016-- $409,031
        2015-- $409,031 -4.7%
        2014-- $429,177 -12.2%
        2012-- $488,819
        2011-- $488,819
        2010-- $488,819
        2009-- $488,819
        2008-- $488,819 +1.7%
        2007-- $480,695
        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.
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        Climate risks

        Neighborhood: 78611

        Getting around

        0 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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