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$700,000

603 Waterway Ln, Burnet, TX, 78611

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,112 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$629.5 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesBuilt-In Electric Range
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Boat Slip
Lot Size1.55 acres

Building Information

Year Built1995
Garage Spaces2

Land Information

APN43235
Lot Number3C
SubdivisionSwiss Village
Land UseResidential
Legal DescriptionS8250 SWISS VILLAGE LOT 3C 2.04
Census Tract960200
Assessed Land Value$718,244
Assessed Improvement Value$131,756
Assessment Year2025

About this property

Lake Buchanan Waterfront Retreat | 2.038 Acres | 213 Feet of Waterfront Rare opportunity to own a private waterfront retreat on Lake Buchanan with 213 feet of shoreline and over two acres in a gated hillside community. Perched above the lake, this unique property offers panoramic water views, exceptional privacy, and a versatile layout ideal for full-time living, weekend getaways, or income-producing opportunities. The property features three separate structures, including a charming main residence with a full kitchen, living area, private bedroom, and full bath, as well as a detached studio apartment complete with its own full bath and climate control. A separate two-car garage provides ample storage for vehicles, lake toys, and outdoor equipment. With a combined 1,112 square feet of living space, private well and septic systems, and plenty of room to expand, the possibilities are endless. Live in one residence while hosting guests in the other, create a private family compound, or explore short-term rental potential. Enjoy breathtaking sunsets from the expansive deck, easy access to the water, and the peace of mind that comes with an elevated setting above the lake. Whether you're seeking a serene escape, an investment opportunity, or a place to create lasting memories, this Lake Buchanan property offers a truly special waterfront lifestyle.

Investor Tools

$171,256Estimated Mortgage Balance
$679,580Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,100 /month
Positive
Cash Flow Estimate:
$1,700 /month

Interested in this property?

Dustin Tucker

ByOwner.com

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,279/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,104
$850,000
2025
$718,244
$131,756
$850,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,104
$850,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
International Bank Of Commerce
Conventional
$207,000
No
First
Nov 30, 2017
Dec 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$171,256
$678,744
79%
20%
$1,242/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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603 Waterway Ln | Property Details | No Agent List