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$297,000

2011 County Road 118 RD, Burnet, TX, 78611

$299,006 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,425 Sq Ft
ModularHomeModularHome
price_per_sqft$208.42 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Water Heater, Free Standing Electric Oven, Microwave, Refrigerator
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesExterior Steps, Private Yard, Rain Gutters
Lot Size10,001 sqft

Building Information

Year Built2001
Garage Spaces2

Land Information

APN39418
Lot Number1113
SubdivisionSherwood Shores Iii
Land UseResidential
Legal DescriptionS7700 SHERWOOD SHORES III LOT 1113, SEC B
Census Tract960401
Assessed Land Value$10,000
Assessed Improvement Value$281,039
Assessment Year2025

About this property

Darling Craftsman-style cottage just one block from the Colorado Arm of Lake LBJ! Thoughtfully remodeled in 2023–2024, this charming home offers fresh interior and exterior paint, replaced HVAC, updated flooring, lighting and ceiling fans, a remodeled primary bath, and more. The 3-bedroom, 2-bath home features a desirable split-bedroom plan with an open living and dining area and a galley-style kitchen leading to the laundry room and outdoor patio connecting to a detached bonus room just off the patio with endless possibilities—home office, hobby room, bunk room or additional flex space. Outdoor living is a highlight, with multiple covered and open patios shaded by magnificent mature oak trees. A 2-car carport includes a small workshop for added storage and projects. Two adjacent lots are included, providing extra space and privacy. One is fully enclosed with chain-link fencing and a gated entrance and includes a storage building, while a lovely white vinyl fence surrounds the home. STRs are allowed, making this a great option for a full-time residence, weekend getaway or investment property. Best of all, you’re just one block from the neighborhood waterfront park on Lake LBJ with a boat ramp and swim/fishing dock! Enjoy easy access to nearby Hill Country attractions including Heart of Texas Resort, Inks Lake State Park, Longhorn Cavern, Perissos Vineyard and the many recreational opportunities of the Highland Lakes. A charming Lake LBJ retreat with room to spread out, and enjoy the Hill Country Living.

Investor Tools

$0Estimated Mortgage Balance
$462,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$299,006
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

Interested in this property?

Brigitte Nolen

Horseshoe Bay ONE Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$213/month
$30/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$241
$291,039
2025
$10,000
$281,039
$291,039
No

Tax History

Year
Tax Paid
Assessed Value
2024
$241
$291,039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$462,000
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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