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$792,000

518 Island Lodges Dr, Buchanan Dam, TX, 78609

$927,258 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,230 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$358.3 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Building Information

Year Built1980
Stories1
Roof Type112
Garage Spaces2

Land Information

APN7862
Lot Number12
SubdivisionIsland Lodges
Land UseResidential
Legal DescriptionISLAND LODGES SECTION 1 LT 12
Census Tract970600
Assessed Land Value$128,990
Assessed Improvement Value$650,640
Assessment Year2025

About this property

This Lake Buchanan waterfront home is on the Island Lodges peninsula overlooking Buchanan Dam. Built in 1968, this (approx) 2230sqft home is right off TX Hwy 29, making it a breeze to get to Kingsland, Llano, Burnet, or Marble Falls for shopping and entertainment. Ithas been updated for today's livability while maintaining some nostalgia from the 60's. There are 4 bedrooms, 2 and 1/2 baths, and anopen living area. The galley kitchen is complete with custom drawers, quartz countertops, a 5-burner LP gas cooktop, and double ovens.There are many custom display storage spaces throughout the house and a dual-purpose pantry/utility room. A 2-car garage conversionhas created a fourth bedroom/hobby area/ or office, with an outside entrance and space for storage or a workshop. The small lot makesmaintenance a breeze but has about 90 feet of waterfront that offers space for entertaining. The sale includes a 5-person Marquis hottub on a covered back porch. LCRA approved Aerobic Septic System. The sale consists of a 38'x30' all aluminum Wahoo moveable/retractable floating dock with a 50' gangway and concrete walkway when water is done. The boat slip is currently occupied by a 2006Bennington 11-person pontoon boat w/ a 135 HP Honda outboard motor, skis, knee board, and towable. The jet ski lift is currently set upto hold six kayaks, 4 of which are also included, along with a canoe, fishing gear, 2 rocking chairs, a table w/ 6 chairs, 3 storage boxes, aswim ladder, and a fish cleaning station.

Investor Tools

Property Icon
$792,000
Estimated Property Value
$0Estimated Mortgage Balance
$792,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$927,257
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,794 /month
Positive
Cash Flow Estimate:
$1,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,075/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,938
$779,630
2025
$128,990
$650,640
$779,630
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,938
$779,630

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$779,630
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: Buchanan Dam

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518 Island Lodges Dr | Property Details | No Agent List