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.
Details
| MLS # | 8136931 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $400 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1995 |
| Days On Site | 87 |
| Listing Provided By | Compass RE Texas, LLC | Lisa Little |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,112 |
| Garage | 2 |
| Story(s) | 1 |
| Acreage | 2.03 |
| Water Front | Yes |
| Property View | Hill Country, Lake, Trees, Woods, |
Interior
| Interior Features | Ceiling Fan(s), Quartz Counters, Eat-in Kitchen, Recessed Lighting |
|---|---|
| Cooling | Central Air |
| Heating | Central |
| Appliances | Built-In Electric Range |
| Fireplace Features | Family Room, Gas Log |
| Fireplaces Total | 1 |
| Window Features | Double Pane Windows |
| Flooring | Tile |
Exterior
| Exterior Features | Exterior Steps, Lighting, Outdoor Grill |
|---|---|
| Roof | Composition |
| Foundation Details | Slab |
| Lot Features | Irregular Lot, Private, Many Trees, Views |
| Patio And Porch Features | Deck |
| Fencing | Split Rail |
| Construction Materials | Wood Siding |
Parking
| Parking Features | Asphalt, Detached, Door-Single, Garage, Garage Door Opener |
|---|---|
| Garage Spaces | 2 |
Utilities
| Utilities | Electricity Connected, Water Connected |
|---|---|
| Sewer | Aerobic Septic |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 10902 |
|---|
Area Information
| State | TX |
|---|---|
| County | Burnet |
| City | Burnet |
| Zip Code | 78611 |
| Area | BU |
| Community Name | Swiss Village |
| School District | BurnetCONSISD |
| Elementary School | Burnet |
| High School | Burnet |
| Listing VS Median (in Swiss Village) | |
Price: $700,000 low | high Med: $1,049,950 sqft: 1,112 low | high Med: 2,160 $ / sqft: $629 low | high Med: $533 On site: 87 low | high Med: 89.5 | |
Market Activity 78611
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 29, 2026 at 3:25:44 PM PDT 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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Learn More About This Property
| State | TX |
|---|---|
| County | Burnet |
| City | Burnet |
| Zip Code | 78611 |
| Area | BU |
| Community Name | Swiss Village |
| School District | BurnetCONSISD |
| Elementary School | Burnet |
| High School | Burnet |
| Listing VS Median (in Swiss Village) | |
Price: $700,000 low | high Med: $1,049,950 sqft: 1,112 low | high Med: 2,160 $ / sqft: $629 low | high Med: $533 On site: 87 low | high Med: 89.5 | |
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