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$1,445,000

NAL Estimated Property Value

1309 County Road 118b, Burnet, TX, 78611

$1,824,349 ARVInfo
Off MarketInfo
Beds2 Beds
Baths4 Bath
Baths3,280 Sq Ft
price_per_sqft$533.54 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDryer, Electric Range, Oven, Washer
FlooringSee Remarks

Exterior

Exterior FeaturesBalcony, Dock

Building Information

Year Built2024
Garage Spaces2

Land Information

APN39159
Lot Number703
SubdivisionSherwood Shores Iii
Land UseResidential
Legal DescriptionS7700 SHERWOOD SHORES III LOT 703, SEC B .0
Census Tract960401
Assessed Land Value$425,000
Assessed Improvement Value$208,916
Assessment Year2025

About this property

Come see this 3200+ sf home on a show-stopping 3/4 acre with 150ft of waterfront on the coveted Colorado Arm of Lake LBJ! Situated on three platted lots across the lake from undeveloped land, you will enjoy a private retreat with stunning panoramic views of the lake and the Texas Hill Country. This property is located at a unique bend in the lake, offering a 1-mile water view down the Colorado arm of Lake LBJ. This is a fantastic opportunity to own a well-built home, ready for your creative eye, or start fresh on the three plated lots, providing flexibility for future expansion or additional development opportunities. This property allows for short-term rentals, making it ideal for a second home or investment property. One of the most unique features is a seaplane hangar located right on the water; this hanger could be used as it was intended or re-imagined into a covered waterfront patio and bar area. Need additional space to storeyour boat, RV, or lake toys? There is also a 4000+ square foot shop on six lots located nearby that can be purchased separately. Don't miss the opportunity to own this extraordinary lakefront property.

Investor Tools

Property Icon
$1,445,000
Estimated Property Value
$1,784,309Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,824,348
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,500 /month
Positive
Cash Flow Estimate:
$3,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,659/month
$40/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,684
$633,916
2025
$425,000
$208,916
$633,916
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,684
$633,916

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The City National Bank Of Colorado City
Commercial
$1,800,000
No
First
Nov 14, 2025
Nov 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,784,309
N/A
0%
123%
$10,792/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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1309 County Road 118b | Property Details | No Agent List