About 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.
Water Feature/View
| View |
Hills,Lake,TreesWoods,Water,Lake Buchanan
|
| Is Waterfront |
Yes
|
| Water Body |
Lake Buchanan
|
Amenities of 603 Waterway Ln
| Utilities |
Electricity Connected, Water Connected
|
| Features |
None
|
| Parking |
Door-Single, Detached, Garage, Asphalt
|
| # of Garages |
2
|
| Garages |
Garage Door Opener
|
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 |
Exterior Steps, Lighting, Outdoor Grill
|
| Lot Description |
Private, Many Trees, Views, Irregular Lot
|
| Roof |
Composition
|
| Construction |
Wood Siding
|
| Foundation |
Slab
|
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: Compass RE Texas, LLC(512) 605-9590. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 22nd, 2026 at 10:03am 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.
Map to 603 Waterway Ln, Burnet
