About This Home

Well-maintained 3-bedroom, 2-bath home situated on approximately half an acre at 1107 Seneca Drive! This charming property offers a private gated yard with ample space for outdoor living, gardening, or pets. Enjoy the spacious front porch, perfect for relaxing or entertaining. A large carport provides covered parking and additional storage. Residents have lake access and can enjoy the neighborhood POA park. A clean, move-in-ready home with great outdoor space and desirable amenities. A great home if you're looking for outdoor space and lake access!

At $168/sqft, this home is 48% below the Burnet active market average of $323/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1107 Seneca Dr, Burnet, TX 78611

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Property Details

Price $242,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,440 sqft

Lot Size 0.57 acres (24,999.08 sqft)

Year Built 2020

Garage ,

Stories ,

Type Residential · Manufactured Home

Subdivision Sherwood Shores Iii

County Burnet

Zip Code 78611

$/sqft $168/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $2,738.56

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT219568571

List Date February 20, 2026

Elementary School Shady Grove

Middle School Burnet (Burnet ISD)

High School Burnet

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Burnet and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · February 20, 2026 $279,000

Previous ask $249,000

Current ask $242,000

▼ Reduced $37,000 (-13.3%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Burnet

Comparable Listings Right Now

Homes currently for sale in Burnet with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

212 N River Oaks Dr
River Oaks $279,000 $243 3 bd / 1 ba 1,150 sqft , 2026-10-13

2011 County Road 118 Rd
Sherwood Shores Iii $287,000 $201 3 bd / 2 ba 1,425 sqft , 2026-08-14

1113 County Road 118 None
Sherwood Shores Iii $175,000 $140 3 bd / 2 ba 1,248 sqft , 2026-08-06

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$1,162/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$48,400

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,162

Principal + Interest−$1,321

Property Tax (~2.1% TX avg)−$424

Insurance (~0.5%)−$101

Est. Monthly Cash Flow $-684

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Burnet, TX

Burnet sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 22, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1107 Seneca Dr