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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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603 Waterway Ln , Burnet, TX 78611
$700,000
Est. Payment: $3,590.19/mo
2 Bed
2 Bath
1112 Sqft
Status: active | Days on site: 90
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Jeannette Spinelli, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Jeannette Spinelli
Broker Associate & Founder
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House Description

Rare income-producing waterfront estate on Lake Buchanan! Situated on 2.03 unconstrained acres with 213 feet of shoreline located directly at year-round deep water, this prime Hill Country property offers the ultimate combination of immediate lakefront living, cash-flow potential, and custom development flexibility. It is conveniently located just 90 minutes from Austin and 20 minutes from Marble Falls. The property features a charming 1-bedroom main house plus a separate studio casita equipped with a kitchenette and full bath, offering 1,112 total square feet. It is short-term rental ready with a proven track record. Live in one unit and rent the other, operate both as a dual-unit getaway, or keep the entire compound as your private weekend retreat. A detached two-car garage provides ideal storage for boats, jet skis, and lake gear. Enjoy the full lake house lifestyle from day one while designing and permitting your dream luxury primary residence on the elevated upper pad overlooking panoramic water views. The existing residences easily preserve as a completed guest compound or income-producing rental. With broad acreage, low Burnet County tax rates, and year-round deep-water access, 603 Waterway represents one of the most versatile waterfront opportunities on Lake Buchanan. Schedule your private tour today.
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Highlights

Listed by Lisa Little , (512) 605-9590 Compass RE Texas, LLC , (512) 575-3644. Austin MLS mls logo

Property Type

Residential
Lot/Acreage
2.03

HOA Fee

400 Annually

Year Built

1995

County

Burnet

Area

BU

 Neighborhood

Swiss Village

 School District

BurnetCONSISD

Listing ID

8136931

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Built-In Electric Range
Floor:Tile
Other:
  • ▪ Additional:Ceiling Fan(s), Eat-in Kitchen, Quartz Counters, Recessed Lighting
Water:Well,Municipal Utility District

Exterior Features

Lot:Irregular Lot,Private,Many Trees,Views
Roof:Composition
Others:
  • ▪ Additional:Exterior Steps, Lighting, Outdoor Grill, Resale
Sewer:Aerobic Septic,Municipal Utility District
Parking Features:Asphalt,Door-Single,Detached,Garage,Garage Door Opener
Principal Interest
$3,590
Taxes
$909
HOA
$400

Home Price

$700,000

Loan Details

30 yrs
6.637%

Down Payment

20%
$140,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,590.19

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,590.19 $908.58 $400.00 $4,898.77
Yearly $43,082.23 $10,902.95 $4,800.00 $58,785.18
Total $1,292,466.91 $327,088.50 $144,000.00 $1,763,555.41

Today's Rates

30 Year

6.64%

20 Year

6.43%

15 Year

5.99%

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Market insight data is pulled from the same city as the listing being viewed (Burnet, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated: 2026-09-03T04:25:04.000Z

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