Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
B+
NoAgentList RatingHow are grades calculated? Info

$1,795,000

206 N Waterway DR, Kingsland, TX, 78639

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,248 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$552.65 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market List

About this property

Breathtaking open water views looking out to undeveloped ranch land in the heart of Kingsland, Texas. With approx 80 feet of gorgeous lake frontage just south of the confluence of the Colorado and Llano arms of Lake LBJ this 5 bed home is everything you have been patiently waiting for. Kitchen, main living, dining and 3 bedrooms, including the master are all located on the second floor with elevator access and big views. Downstairs offers two flexible rooms, currently used for sleeping plus a large living space, currently packed with bunks and full bathroom makes for a great place to pack deep with family and friends. Beautiful sliding glass doors and big windows offers impressive views from nearly every room in the house. Numerous covered porches and patios all look down onto to the covered boat house and wave runner lifts. This house is white and bright with a cool coastal feel so you come here and feel like you are really getting away. So much value in this special waterfront property. Arguably one of the most natural and undisturbed parts of Lake LBJ is directly across from this property providing for some fantastic views and abundant wild life. Great location on the Burnet County side of Kingsland with easy access to Wake Point, Boat Town, Ace and HEB plus a relatively low property tax rate makes this spot ideal. Huge garage, plus extra storage space; 206 N Waterway keeps giving. Qualified buyers reach out to schedule your tour. No Short Term Rentals Allowed. Boat and Wave runner negotiable!

Investor Tools

Property Icon
$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,770 /month
Positive
Cash Flow Estimate:
$3,590 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

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

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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: Kingsland

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

206 N Waterway DR | Property Details | No Agent List