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$700,000

603 Waterway LN, Burnet, TX 78611

Swiss Village

Bedrooms2
Bathrooms2
Sq Ft1,112
Acres2.03
Year Built1995

About This Property

Rare income-producing waterfront estate on Lake Buchanan! Situated on 2.03 unconstrained acres with 213 feet of shoreline located directly at year-round deep water, this prime Hill Country property offers the ultimate combination of immediate lakefront living, cash-flow potential, and custom development flexibility. It is conveniently located just 90 minutes from Austin and 20 minutes from Marble Falls. The property features a charming 1-bedroom main house plus a separate studio casita equipped with a kitchenette and full bath, offering 1,112 total square feet. It is short-term rental ready with a proven track record. Live in one unit and rent the other, operate both as a dual-unit getaway, or keep the entire compound as your private weekend retreat. A detached two-car garage provides ideal storage for boats, jet skis, and lake gear. Enjoy the full lake house lifestyle from day one while designing and permitting your dream luxury primary residence on the elevated upper pad overlooking panoramic water views. The existing residences easily preserve as a completed guest compound or income-producing rental. With broad acreage, low Burnet County tax rates, and year-round deep-water access, 603 Waterway represents one of the most versatile waterfront opportunities on Lake Buchanan. Schedule your private tour today.

Property Details

Property TypeSingle Family
MLS #8136931
Days on Market62
Lot Size2.03 acres
Listed6/3/2026
Last Updated6/3/2026

Location

County
Burnet
School District
BurnetCONSISD
MLS Area
BU

Size

Lot Description
Irregular Lot, Private, Many Trees, Views
$/Acre
$344,828

Improvements

Garage Spaces
2
Fence
Split Rail
Exterior Features
Boat Dock - Private, Boat Slip
Heating
Central
Cooling
Central Air
Appliances
Built-In Electric Range
Flooring
Tile
Fireplaces
Family Room, Gas Log
Fireplace Count
1
Windows
Double Pane Windows
Construction Materials
Wood Siding
Foundation
Slab
Roof
Composition
Direction Faces
North
Pool Features
None
Patio / Porch
Deck
View
Lake, Water
Waterfront
Yes
Community Features
None
Covered Spaces
2
Parking Features
Asphalt

Location

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Listing provided by Lisa Little · Compass RE Texas, LLC · (512) 605-9590

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$700,000