Active Listing  ·  79 days on market

1113 County Road 118 None

Burnet, TX 78611
$175,000
3 Bed 2 Bath 1,248 sqft $140/sqft Built 2016 0.23 acres Pool Sherwood Shores Iii

This 3 bedroom, 2 bath double-wide manufactured home on a .25 acre lot is ready for it's new owner! Step inside to find a functional floor plan designed for everyday living with a spacious living area, open concept kitchen, and a private primary suite. This home has brand new water meter, water lines, septic system, and has been wired for a generator. If this is not enough, you can also bring your RV and plug it into the 50amp RV electric hook up and RV/Septic drain as well. Whether you are looking for a full-time residence, a weekend getaway, or an investment opportunity, this home offers plenty of potential. Enjoy the convenience of nearby lake access for boating, fishing, and kayaking using the homeowner association boat ramp/dock or take in the beautiful Texas Hill Country scenery. This home is centrally located a short drive to Burnet, Kingsland, Granite Shoals, or Marble Falls. Call today to schedule a private tour!

At $140/sqft, this home is 57% 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

1113 County Road 118 None, Burnet, TX 78611

Property Details

Price $175,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,248 sqft
Lot Size 0.23 acres (10,001.38 sqft)
Year Built 2016
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Shores Iii
County Burnet
Zip Code 78611
$/sqft $140/sqft
Days on Market ,
HOA $5/Monthly
Annual Tax Est. $495.61
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242411868
List Date August 6, 2026
Elementary School RJ Richey
Middle School Burnet (Burnet ISD)
High School Burnet
School District ,

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 · August 6, 2026 $185,000
Previous ask $180,000
Current ask $175,000
▼ Reduced $10,000 (-5.4%) 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
916 Apache Dr
Sherwood Shores Iii
$145,000 $158 2 bd / 1 ba 920 sqft , 2026-09-02
1713 County Road 118 Rd
Sherwood Shores Iii
$135,000 $111 3 bd / 2 ba 1,216 sqft , 2026-10-22

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
$840/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
$35,000
20% conventional investment loan

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

Estimated Gross Rent+$840
Principal + Interest−$955
Property Tax (~2.1% TX avg)−$306
Insurance (~0.5%)−$73
Est. Monthly Cash Flow $-494

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

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 October 16, 2026.

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