518 Island Lodges DR, Buchanan Dam TX 78609

Buchanan Dam, TX 78609 | Island Lodges

Ed's Opinion of Value

$153,877 Ed's Estimate: $371,776 $1,087,940
Lowest Comp Recommended List: $440,000 to $666,000 Highest Comp
Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $371,776. I'd recommend coming to market at $440,000 to $666,000 to strike the right balance between value and market velocity. Among the similar homes currently available in ISLAND LODGES, this price point stands out as competitive. This home's larger footprint (636 sqft vs the comp average) plays a role in how the market prices it. Built in 1968, this home is 11 years older than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in ISLAND LODGES; a buyer's market based on recent absorption. The trend in 78609 shows prices have risen 26.7% in the past 6 months. 501 Willow ST, Buchanan Dam TX 78609 nearby adjusts to $395,291; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group
4 Beds
3 Baths 2 Full, 1 Half
2,230 Sq Ft
0.17 Acres
1968 Built

About This Property

This Lake Buchanan waterfront home is on the Island Lodges peninsula overlooking Buchanan Dam. Built in 1968, this (approx) 2230sqft home is right off TX Hwy 29, making it a breeze to get to Kingsland, Llano, Burnet, or Marble Falls for shopping and entertainment. Ithas been updated for today's livability while maintaining some nostalgia from the 60's. There are 4 bedrooms, 2 and 1/2 baths, and anopen living area. The galley kitchen is complete with custom drawers, quartz countertops, a 5-burner LP gas cooktop, and double ovens.There are many custom display storage spaces throughout the house and a dual-purpose pantry/utility room. A 2-car garage conversionhas created a fourth bedroom/hobby area/ or office, with an outside entrance and space for storage or a workshop. The small lot makesmaintenance a breeze but has about 90 feet of waterfront that offers space for entertaining. The sale includes a 5-person Marquis hottub on a covered back porch. LCRA approved Aerobic Septic System. The sale consists of a 38'x30' all aluminum Wahoo moveable/retractable floating dock with a 50' gangway and concrete walkway when water is done. The boat slip is currently occupied by a 2006Bennington 11-person pontoon boat w/ a 135 HP Honda outboard motor, skis, knee board, and towable. The jet ski lift is currently set upto hold six kayaks, 4 of which are also included, along with a canoe, fishing gear, 2 rocking chairs, a table w/ 6 chairs, 3 storage boxes, aswim ladder, and a fish cleaning station.

Features

  • Quartz Counters
  • Electric Dryer Hookup
  • Eat-in Kitchen
  • No Interior Steps
  • Primary Bedroom on Main
  • Recessed Lighting
  • Walk-In Closet(s)
  • Washer Hookup
  • Wired for Sound

Location

Schools

School District Burnet ISD
Elementary Shady Grove
Middle School Burnet (Burnet ISD)
High School Burnet

Property Details

Property Type Residential
Flooring Vinyl
Cooling Central Air
Heating Central
Exterior Boat Dock - Private, Boat Ramp, Lighting
County Llano
MLS # 4715146

HOA & Community

HOA Fee $200 /Annually
HOA Includes See Remarks

Listing History

MLS# 4715146 - Updated Apr 5, 2026 2 days (1 CDOM)
Jul 2, 2024 Off Market
May 24, 2024 Listed $799,000

Frequently Asked Questions About 518 Island Lodges DR, Buchanan Dam TX 78609

When was 518 Island Lodges DR, Buchanan Dam TX 78609 built?

518 Island Lodges DR, Buchanan Dam TX 78609 was built in 1968.

How much does 518 Island Lodges DR, Buchanan Dam TX 78609 cost?

518 Island Lodges DR, Buchanan Dam TX 78609 sold on July 2, 2024. Contact us for sale price details.

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