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$1,130,000

1409 County Road 118b, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,470 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$425.1 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Microwave, Free-Standing Electric Range, Refrigerator, Free-Standing Refrigerator
FlooringCarpet, Concrete, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Balcony, Boat Slip, Private Entrance, Private Yard

Building Information

Year Built1965
Garage Spaces2

Land Information

APN39154
Lot Number697
SubdivisionSherwood Shores Iii
Land UseResidential
Legal DescriptionS7700 SHERWOOD SHORES III LOT 697 & S 21 FT OF 696, SEC B
Census Tract960401
Assessed Land Value$717,000
Assessed Improvement Value$128,000
Assessment Year2025

About this property

NO SHOWINGS JULY 3-6th. Call agent with any questions. 3RD BEDROOM IS LOCATED IN A SEPARATE APARTMENT BELOW WITH SEPARATE ENTRANCE NOT ACCESSIBLE BY MAIN HOUSE-LAKE LBJ WATERFRONT RETREAT (71’ on a constant level lake) …A PERFECT RETREAT ON THE QUIET END OF THE LAKE WITH BREATHTAKING VIEWS AND NO DEVELOPMENT ACROSS THE LAKE. TAKE A BOAT RIDE AND THEN RELAX ON THE COVERED DECK AND WATCH THE GORGEOUS SUNSET. The boat dock has 2 slips with manual lifts plus a storage building. The home features beautiful views from the kitchen and living areas, plus a large bonus room that could be used for a bunk room or game room. The home is freshly painted with a new stove and microwave, plus new flooring in the bedroom and laundry room. There is a full irrigation system that keeps the lawn beautiful (even now) with nice large shade trees. THIS HOME DID NOT FLOOD DURING THE 2018 STORMS. New hot water heater in 2022 and new duct work in 2020. SHORT-TERM RENTALS ARE ALLOWED. This current family are original owners and have many happy memories here. The construction is solid using 2 x 6 (vs 2 x 4). This home sits on almost ½ acre with one of only 2 direct access points to the lake from the street. Just a short drive to Kingsland, Marble Falls, Horseshoe Bay and Burnet. Nearby are Perissos Vineyards, Sweet Berry Farm and Longhorn Cavern State Park. For golfers, The Legends Golf Course is right down the road. Buyer to verify all details -

Investor Tools

Property Icon
$1,130,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,130,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,780 /month
Positive
Cash Flow Estimate:
$2,260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$828
$845,000
2025
$717,000
$128,000
$845,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$828
$845,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$845,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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1409 County Road 118b | Property Details | No Agent List