Embrace the beauty of lakefront living with this exceptional 1.25 acre waterfront lot, boasting an expansive 190 feet of prime Lake Buchanan shoreline! This rare find offers sweeping lake and Hill Country views, and even during major droughts, there is always plenty of beautiful waterfront to enjoy. Nestled in the charming Swiss Village neighborhood, this slice of paradise is conveniently located within easy reach of Austin and several other major cities. Lake Buchanan, one of Texas’s largest and most stunning lakes, offers a lifestyle filled with endless relaxation and outdoor adventures. Perfect for water sports enthusiasts, Lake Buchanan is ideal for boating, kayaking, fishing, and swimming. The popular Spider Mountain Bike Park is also just 7 miles from the property. Boats docks and short term rentals are allowed, making this an ideal choice for vacation or rental income potential. An adjoining waterfront lot is also available to purchase, offering you even more space to create your dream retreat. There is also potential for seller financing of about $135,000 of the purchase price of this lot. Waterfront properties of this quality are becoming increasingly rare in the Austin area. Act quickly to take advantage of this rare opportunity!
Property Details
Property Features
Listing Office:
Office Name: Park One Realty
Office Phone: (512) 522-5895
Listing Agent: Shay Wright
Exterior Features
Exterior Information:
Waterfront: Waterfront
View: Hills, Lake, Panoramic, Water
Lot Features
Lot Information:
Lot: Trees, Views
Lot Size: 1.25 Acres
Other
Directions Information:
Directions: Head west on Hwy 29 from Burnet. Turn right onto Ranch Rd 2341. Turn left onto Ed Low Dr. Turn left onto Waterway Ln. It is the first cleared waterfront lot you come to on Waterway Ln with the white limestone blocks along the road.
Price Information
Listing Price Info
Price Summary:
List Price: $255,000
HOA Fees:
Amount: $400
Frequency: Annually
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Burnet, TX.
This property is $104.9K less than the Median Sold Price in Burnet, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ACTRIS
MLS Number: #3315977
Listing Office:
Office Name: Park One Realty
Office Phone: (512) 522-5895
Listing Agent: Shay Wright
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 6:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,373
Per Month
Principal & Interest
$1,273
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$33
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$831
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
R. J. Richey Elementary School
500 E Graves St
Distance between this listing and this school13.27 miles
Public District Grades 3-5
4
/10
Packsaddle Elementary School
150 Pioneer Ln
Distance between this listing and this school14.71 miles
Public District Grades PK-5
7
/10
Llano Elementary School
1600 Oatman St
Distance between this listing and this school17.32 miles
Public District Grades PK-5
Nearby Schools
4
/10
Burnet Middle School
1401 N Main St
Distance between this listing and this school12.85 miles
Public District Grades 6-8
6
/10
Llano Junior High School
400 E State Highway 71
Distance between this listing and this school17.53 miles
Public District Grades 6-8
6
/10
Lampasas Middle School
902 S Broad St
Distance between this listing and this school19.43 miles
Public District Grades 6-8
Nearby Schools
5
/10
Burnet High School
1000 the Green Mile Rd
Distance between this listing and this school13.01 miles
Public District Grades 9-12
3
/10
Quest High School
702 N Wood St
Distance between this listing and this school13.40 miles
Public District Grades 10-12
7
/10
Kingsland School
2112 W Ranch Road 1431
Distance between this listing and this school14.04 miles
The neighbors living near this home have an average income of $56,977. Most Burnet, TX residents have annual incomes between $35k-100k. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 589 Waterway Ln
What is the listing price of this property?
The listing price of 589 Waterway Ln property is $255,000.
What type of property is this?
The property 589 Waterway Ln is land located in Burnet, Texas, 78611.
Is this property for sale now?
Active Listing: 589 Waterway Ln is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 589 Waterway Ln in Burnet, TX and zip code 78611 in the Swiss Village neighborhood. This home sits on a 1.25 acre lot. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $255,000.
Over 0 listings were sold over their listed price in October 2024 in Burnet, TX. In the same period over 8 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Burnet, TX between September 2024 and October 2024 increased by 18.3%. In October 2024, listings were on the market for 83 days. During the same period, the median list price in this real estate market was $359,950.
From Rocket Homes Real Estate and based on county public records data.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dick's Sporting Goods
Dollar General
Cracker Barrel
Texas Roadhouse
Applebees
Cadillac
Subaru
Oldsmobile
News/Talk/Information
New Country
Classic Country