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$999,900

1308 Lakeside Drive, Burnet, TX, 78611

$1,161,331 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,070 Sq Ft
price_per_sqft$483.04 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Range, Electric Water Heater, Range Hood, Microwave, Range
FlooringTile, Vinyl, Wood, Carpet Free

Exterior

Exterior FeaturesCovered Patio, Rain Gutters

Building Information

Year Built1960
Garage Spaces2

Land Information

APN28046
Lot Number14
SubdivisionLonghorn Valley
Land UseResidential
Legal DescriptionS6050 LONGHORN VALLEY LOT 14 BLK 5
Census Tract960401
Assessed Land Value$600,000
Assessed Improvement Value$1,068,135
Assessment Year2025

About this property

61 feet of improved Lake LBJ waterfront with open-water views, a private dock, concrete boardwalk, retaining wall, and easy access to year-round boating, fishing, swimming, and paddleboarding. Easy access between the home and the water, while multiple outdoor living spaces—including a covered lakeside patio, waterfront deck, and outdoor bar area—are designed for entertaining and enjoying life on the lake. Inside, vaulted beamed ceilings, floor-to-ceiling windows, and large sliding glass doors keep the water front and center. The home features multiple gathering spaces, a stone wood-burning fireplace, built-in bar, open-concept kitchen, and four bedrooms, including an upper-level owner's suite with lake views. Located near Kingsland, Legends Golf Course, dining, and area attractions, this property delivers the Lake LBJ lifestyle buyers come to the Highland Lakes to find.

Investor Tools

$0Estimated Mortgage Balance
$1,668,135Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,161,331
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,009 /month
Positive
Cash Flow Estimate:
$3,336 /month

Interested in this property?

Lakefront Grp & Hill Country Luxury Grp

Keller Williams Heritage

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,784/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,066
$1,668,135
2025
$600,000
$1,068,135
$1,668,135
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,066
$1,668,135

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,668,135
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Burnet

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1308 Lakeside Drive | Property Details | No Agent List