Active Listing  ·  84 days on market

1208 Oak St None

Burnet, TX 78611
$269,000
5 Bed 2 Bath 1,622 sqft $166/sqft Built 1960 0.82 acres Pool Oaks Addition

Welcome to 1208 Oak St in the heart of Burnet-a rare opportunity to own a cherished family home in one of Burnet's established neighborhoods, known for its beautiful mature trees and spacious lots. Owned by the same family since it was built, this home has been filled with years of wonderful memories and is ready for its next chapter.

While the home could benefit from updates, it offers incredible potential for someone looking to restore and personalize a property with great bones and timeless charm. Situated on extra lots, there is plenty of room to expand, garden, or simply enjoy the peaceful outdoor setting.

One of the property's stand out features is its two water wells for irrigation, including an exceptional well producing approximately 60 gallons per minute, one of the best in Burnet County. The additional lots behind the home are located within the flood plain, offering open space and natural beauty, while the home itself has never flooded.

This is more than just a house-it's an opportunity to continue the legacy of a home that has been deeply loved for generations. If you've been searching for a property with character, space, and endless possibilities, 1208 Oak St is ready to welcome its next family!

At $166/sqft, this home is 48% below the Burnet active market average of $320/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1208 Oak St None, Burnet, TX 78611

Property Details

Price $269,000
Status Active Listing
Beds 5
Full Baths 2
Half Baths ,
Living Area 1,622 sqft
Lot Size 0.82 acres (35,719.2 sqft)
Year Built 1960
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Oaks Addition
County Burnet
Zip Code 78611
$/sqft $166/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239489813
List Date July 10, 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.

Schedule a Call →

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 · July 10, 2026 $275,000
Current ask $269,000
▼ Reduced $6,000 (-2.2%) 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
209 E Live Oak St
Vanderveer/ Alexander
$270,000 $196 4 bd / 2 ba 1,377 sqft , 2026-04-30
242 Water Well Rd
Creekfall
$285,540 $182 4 bd / 2 ba 1,568 sqft , 2026-02-18
607 N Main St
Stevens Addition
$289,000 $142 4 bd / 3 ba 2,032 sqft , 2026-09-20
1002 S Pierce St
B B Castleberry
$225,000 $171 4 bd / 2 ba 1,312 sqft , 2026-05-30
226 Water Well Rd
Creekfall
$322,970 $166 4 bd / 3 ba 1,951 sqft , 2026-07-07

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
$1,291/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
$53,800
20% conventional investment loan

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

Estimated Gross Rent+$1,291
Principal + Interest−$1,468
Property Tax (~2.1% TX avg)−$471
Insurance (~0.5%)−$112
Est. Monthly Cash Flow $-760

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 August 27, 2026.

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