511 Lakeway, Burnet TX 78611

Burnet, TX 78611 | Council Creek

Ed's Opinion of Value

$160,111 Ed's Estimate: $241,540 $267,699
Lowest Comp Recommended List: $237,000 to $246,000 Highest Comp

Listing History

$215,000 List Price
$242,646 Comp Value
1 Price Reductions

This property was listed at $215,000 and expired after 124 days on market. The price was reduced from $225,000 to $215,000. This listing activity factors into the valuation.

7 recent sales within a few blocks of this address suggest a current value of $241,540. My recommended list price range for this property would be $237,000 to $246,000. With 0 comparable homes on the market in COUNCIL CREEK, this price positions the property as no active comparable homes on the market. The smaller floor plan (827 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1977, this home is 14 years older than the average comp, which is reflected in the adjustments. Based on 7 relevant data points in COUNCIL CREEK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
1 Beds
1 Baths 1 Full
676 Sq Ft
0.2479 Acres
1977 Built

About This Property

Looking for a weekend getaway to the lake or investment for Short-term rental? This adorable cottage has recently been remodeled and ready to begin your summer of lake life, fishing and multiple close by areas of fun entertainment - Spider Mountain Bike Park, Inks State Park, Longhorn Caverns, Canyon of the Eagles, Reveille Peak Ranch, Templeton's Tavern, just to mention a few. A roomy appearance with the open concept kitchen and living room and vaulted ceiling. All new appliances, water heater, mini splits for HVAC, new plumbing, electrical, spray foam insulation, and double pane low E windows. This home has been completely updated and sits on 4 lots (street to street / Lakeway and Sage St), complete with metal carport, storage shed and a 20x30 shop surrounded by a stone wall. Access to private community homeowners park with access to Lake Buchanan. About 4 blocks to the community boat ramp and only a short 10min to Burnet for shopping. Ready to move in!

Features

  • Ceiling Fan(s)
  • Beamed Ceilings
  • Electric Dryer Hookup
  • No Interior Steps
  • Open Floorplan
  • Primary Bedroom on Main
  • Washer Hookup

Location

Schools

School District Burnet CISD
Elementary RJ Richey
Middle School Burnet (Burnet ISD)
High School Burnet

Property Details

Property Type Residential
Flooring No Carpet
Cooling Ductless
Heating Ductless
Exterior See Remarks
County Burnet
MLS # 1427705

HOA & Community

HOA Fee $100 /Annually
HOA Includes See Remarks

Tax Information

Annual Taxes $2,218 (2025)

Listing History

MLS# 1427705 124 days
Sep 12, 2025 Off Market
Jun 28, 2025 Price Change $215,000
Apr 17, 2025 Listed $229,000

Frequently Asked Questions About 511 Lakeway, Burnet TX 78611

When was 511 Lakeway, Burnet TX 78611 built?

511 Lakeway, Burnet TX 78611 was built in 1977.

How much does 511 Lakeway, Burnet TX 78611 cost?

511 Lakeway, Burnet TX 78611 is currently off market.

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