Selected for the Terner Labs Housing Venture Lab

1225 Waterway Ln, Burnet, TX 78611

Active
Listed 167 days ago
Owner-Occupant Eligible
$1,399,900

About $8,327 a month to live here, after the rent from the other home.

House + ADU3,207 sqft3 beds3 bathsListed May 29, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$8,327a month

The second home on the lot rents for $1,138. We hold back $205 of that for repairs and an empty month, and the rest goes toward a $9,260 monthly payment.

Income to qualify: about $247,000 a year

With how much down?

At 20% down ($279,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $183,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$41,997 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Sold FULLY FURNISHED if desired! Extraordinary waterfront retreat on Lake Buchanan featuring panoramic open-water views, massive elevated entertaining decks, mature shade trees, private boat dock, and a proven Airbnb rental history with nearly 40 five-star reviews. This turnkey lakefront property blends rustic Hill Country charm with exceptional indoor-outdoor living, creating an unforgettable destination for both owners and guests. The split-level main house features 2 bedrooms, 2 en-suite baths, a loft space, over-sized kitchen with gas cooktop, island, and granite countertops, a dining area with 180-degree lake views and a stone fireplace. The living space opens onto the large deck ideal for indoor/outdoor entertaining. The guesthouse across the street sits above an oversized 3 car garage that is currently being used as a game room for the short-term rental. The guesthouse has its own private entrance and includes a large living space with hill-top lake views, 1 bedroom, 1 bath, and kitchen. The guesthouse has proven long-term rental history but may also be used as additional living space for the short-term rental. The home sits on 1.24 acres with approximately 285 feet of direct water access to a deep-water cove. Water remained in the cove even in the most recent low lake levels in Summer of 2023. The floating dock and rolling stairs allow for fluctuating water levels. Next to the home is a unique dome with around 800 square feet of storage space, with endless opportunities for additional one-of-a-kind living space! There is also an additional undeveloped portion of the property that offers added privacy and potential to place an RV or two, with lake views. This property is a rare find on Lake Buchanan! Virtual tour link available on MLS.

House + ADU

Property Type

54,014 sqft

Lot Size

1985

Year Built

Listing Date: 05/29/2026

Listed by: Jack McLemore

Listing office: Listing Results, LLC

Contact: (800) 433-5206

Source: Unlock MLS #ACT7528792

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,399,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,399,900
Your Down Payment$279,980
Financed$1,119,920
Estimated Monthly Payment$9,260

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($279,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$9,260/month
Principal + Interest
$6,714
Property Taxes
$1,983
Home Insurance
$530
HOA$33
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$205
Cost to live here
$8,327/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

Unlock MLS logo

MLS# ACT7528792 · Listing office: Listing Results, LLC

Based on information submitted to the MLS GRID as of 2026. 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.