516 Island Lodges DR, Buchanan Dam, TX 78609
Island Lodges · Llano County
Key Facts
Description
Stunning views, complete renovation, and fabulous water make this 2 for 1 retreat the best value on Lake Buchanan. Enjoy nature from the comfort of your couch and dining room with picture windows that let the outdoors in. The property has 2 primary suites in the main house and a 1-bedroom casita with a full bath and kitchenette. Living spaces are drenched with natural light and lakefront views as is the well-equipped gourmet kitchen. A large corner pantry, custom cabinets with pull out shelves, double ovens, microwave drawer and options for electric or gas cooking have the wish list covered. Large bathrooms with beautiful finishes make the lake life luxurious. A half bath leading outside makes transitions from the boat or hot tub into the house much cleaner and safer. The laundry room has abundant built-in shelving and cabinets for folding laundry and storing supplies. The main house boasts a barrier-free design for family members or guests with limited mobility. The casita provides income potential or just another place for working or relaxing. Electricity woes are addressed with the whole home generator powering both buildings and a 500-gallon propane tank buried underground. A brand-new septic system that exceeds all code requirements adds value and peace of mind for the buyer. The home is exceptionally energy efficient due to upgrades in insulation and double windows that keep the temperature comfortable without stressing your budget. Situated on a bay toward the end of Island Lodges peninsula, 516 Island Lodges sits on deep water that makes water access superior to most other properties on Lake Buchanan. In addition, there is an HOA boat launch less than 100 yards away. The community of Island Lodges combines full-time residents and weekend owners who are committed to maintaining a peaceful and safe environment for residents and their guests to enjoy lake life. Make an appointment soon; this property won’t last!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1980
Living Area
2,878 sq ft
Lot Size
0.29 acres
Garage Spaces
1
Parking Spaces
5
Ownership
Fee-Simple
MLS® Listing#
1999184
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Pool
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Windows
Other Structures
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Shady Grove
- Middle:
- Burnet (Burnet ISD)
- High:
- Burnet
Financial Details
HOA
$200 / Annually
Island Lodges
Annual Taxes
$4,200
Tax year 2025
Assessed Value
$476,160
Parcel Number
7967
Directions
Hwy 29 Buchanan Dam, Turn on Island Lodges and follow to house on the right
Affordability Calculator
$193,000
Estimated monthly payment
$5,136/mo
Principal $772,000 · Est. interest $1,077,009 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Buchanan Dam, TX
- $814,286
- Median Listing Price
- 129
- Median Days on Market
- 2,100
- Median Sq Ft
- $309
- Median Price / Sq Ft
- 27
- Active Listings
- This home’s price is 19% above the area median.
- Its price per sq ft is 8% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Buchanan Dam, TX.
Location
Points of Interest in Buchanan Dam, TX
Showing the Buchanan Dam area map.
Nearby Schools
Kingsland School Texas
School · 5.7 mi away
Packsaddle Elementary
Elementary · 6.3 mi away
Highland Lakes Head Start
School · 10.0 mi away
Burnet Middle School
Secondary · 12.1 mi away
Burnet Consolidated Independent School District
School · 12.2 mi away
Bcisd Parent Resource Center
School · 12.2 mi away
Quest High School
Secondary · 12.3 mi away
R J Richey Elementary School
Elementary · 12.4 mi away
Burnet High School
Secondary · 12.4 mi away
Shady Grove Elementary
Elementary · 12.9 mi away
33rd & 424th Judicial District Intermediate Sanction Facility
School · 13.0 mi away
Marble Falls Isd
School · 13.9 mi away
Marble Falls Elementary School
Elementary · 14.0 mi away
Tierra Vista Montessori School
Elementary · 14.1 mi away
St. Peter's Lutheran School
School · 14.2 mi away
Llano Christian Academy
School · 14.2 mi away
Llano Junior High
Elementary · 14.2 mi away
Marble Falls Middle School
Secondary · 14.3 mi away
Llano Independent School District
School · 14.4 mi away
Llano Isd
School · 14.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 334 Lake DR, Buchanan Dam, TX | $750,000 | 3 | 3 | 1,911 |
| 120 La Plata CT, Buchanan Dam, TX | $789,000 | 3 | 3 | 4,155 |
| 604 N Inwood RD, Buchanan Dam, TX | $849,500 | 3 | 3 | 3,420 |
| 100 SW Palm CV, Buchanan Dam, TX | $875,000 | 3 | 3 | 2,459 |
| 100 Palm Cove, Buchanan Dam, TX | $875,000 | 3 | 3 | 2,459 |
| 446 El Coronado Ave, BUCHANAN DAM, TX | $899,000 | 3 | 3 | 2,109 |
Moving Cost Estimate
EXIT Agents in Buchanan Dam
Listing Courtesy: Newfound Real Estate - 210-414-7460
Last Updated: 2026-03-06