Lake Buchanan Waterfront – Three Building Retreat Experience true lakefront living on 2.038 private acres in a gated hillside community offering natural flood protection, panoramic views, and direct access to Lake Buchanan. This property includes three buildings and 213 feet of exclusive waterfront—perfect for full?time residents, weekend escapes, or investment potential. Property Highlights - Main Home: 1 bedroom, 1 full bath, full kitchen and living room with air conditioning and heat for year round comfort. - Studio Apartment Building:** Open concept layout with full bath, electric air and heat—ideal for guests, rental income, or a private home office. - Detached Two Car Garage:** Room for vehicles, watercraft, or storage. - **Total Indoor Living Space:** 1,112 square feet (not including garage or deck). - **Private Utilities:** Well and septic system for lower monthly costs and independent water and waste service. - **Expansive Lot:** Over two full acres with space to expand, garden, or construct additional structures. - **Flexible Living Options:** Live in one building and rent the other, creating income potential or separate guest accommodations. - **Direct Lake Access:** Enjoy breathtaking sunsets, a large deck for entertaining, and 213 feet of private waterfront. - **Hillside Elevation:** Gated, high ground setting offers excellent natural flood protection and stunning views. ### Financial & Sale Details - **County Assessment:** $850,000 - Motivated Seller: Ready to close by **July 1, 2026.** This exceptional Lake Buchanan property delivers privacy, scenic beauty, and endless potential—an elevated waterfront retreat where comfort meets opportunity.
Features of 603 Waterway Ln
MLS® #
6402748
Price
$699,714
Bedrooms
2
Bathrooms
2.00
Full Baths
2
Square Footage
1,112
Acres
2.03
Year Built
1995
Type
Residential
Sub-Type
Single Family Residence
Status
Active
Has Pool
No
Water Feature/View
View
Lake,Water,Lake Buchanan
Is Waterfront
Yes
Water Body
Lake Buchanan
Community Information: Burnet
Address
603 Waterway Ln
Area
BU
Subdivision
Swiss Village
City
Burnet
County
Burnet
State
TX
Zip Code
78611
Amenities of 603 Waterway Ln
Utilities
Electricity Connected, Water Connected
Features
None
Parking
Asphalt
# of Garages
2
Interior of 603 Waterway Ln
Interior
Tile
Appliances
Built-In Electric Range
Heating
Central
Fireplace
No
# of Fireplaces
1
Fireplaces
Family Room, Gas Log
# of Stories
1
Stories
One
Exterior of 603 Waterway Ln
Exterior Features
Boat Slip, Dock
Lot Description
Private, Many Trees, Irregular Lot, Views
Roof
Composition
Construction
Wood Siding
Foundation
Slab
School Information
District
BurnetCONSISD
Elementary
Burnet
Middle
Burnet (Burnet ISD)
High
Burnet
Additional Information On 603 Waterway Ln
Days on Market
163
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $745,714 to $699,714
Price Reduced from $751,114 to $745,714
Price Reduced from $811,140 to $751,114
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: ByOwner.com(833) 975-2020. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 10th, 2026 at 3:00pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
