603 Waterway LN
Burnet, TX, 78611
$700,000
Listed by Compass RE Texas, LLC
About this property
603 Waterway LN
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.
Interior
- Bedrooms
- Bedrooms: 2
- Bathrooms
- Total bathrooms: 2
- Interior features
- Ceiling Fan(s), Quartz Counters, Eat-in Kitchen, Recessed Lighting
- Flooring
- Tile
- Fireplace
- 1
Exterior
- Pool
- None
- Exterior features
- Exterior Steps, Lighting, Outdoor Grill
- View
- Hill Country, Lake, Trees/Woods, Water
Building
- Property type
- SingleFamilyResidence
- Year built
- 1995
- Roof
- Composition
- Foundation
- Slab
- Cooling
- Central Air
- Heating
- Central
Utilities
- Water
- Lake Buchanan
Parking
- Garage
- 2 spaces
- Parking
- Asphalt, Detached, Door-Single, Garage, Garage Door Opener
Community
- Subdivision
- Swiss Village
- Association
- HOA fee: $400
Map preview
Burnet, TX, 78611
Drag, zoom, or use the controls to explore the area.
Map loads as it comes into view.
Independent local guidance
Interested in 603 Waterway LN?
Talk with Michael about current availability, disclosures, taxes, comparable sales, neighborhood fit, and a smart offer strategy.
Similar listings
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Participant brokerage: All City Real Estate Ltd. Co.
Some IDX listings have been excluded from this website.
The information provided is exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, if any, as amended from time to time.
Based on information submitted to the MLS GRID as of Sep 14, 2026, 9:22 PM CDT. 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.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.
This information is believed to be accurate, but without warranty.