$699,714 - 603 Waterway Lane, Burnet

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.