Active Listing  ·  3 days on market

1713 County Road 118 Rd

Burnet, TX 78611
$135,000
3 Bed 2 Bath 1,216 sqft $111/sqft Built 2017 0.23 acres Pool Sherwood Shores Iii

Welcome home to this 3 bedroom, 2 bath manufactured home sitting on a 0.23 acre lot. The layout makes daily life easy, with a roomy living area that flows into the open kitchen and a primary bedroom set apart for privacy. It works just as well as a primary residence, a weekend retreat, or a rental. Lake access is close by through the neighborhood’s HOA boat ramp and dock, so you can get out on the water to fish, boat, or paddle a kayak, or simply relax and enjoy the Hill Country views. You’re also just a quick drive to Marble Falls, Burnet, Kingsland, and Granite Shoals.

At $111/sqft, this home is 66% 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

1713 County Road 118 Rd, Burnet, TX 78611

Property Details

Price $135,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,216 sqft
Lot Size 0.23 acres (10,001.38 sqft)
Year Built 2017
Garage ,
Stories ,
Type Residential · Manufactured Home
Subdivision Sherwood Shores Iii
County Burnet
Zip Code 78611
$/sqft $111/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $2,170.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT250569564
List Date October 22, 2026
Elementary School Burnet
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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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
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
$648/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
$27,000
20% conventional investment loan

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

Estimated Gross Rent+$648
Principal + Interest−$737
Property Tax (~2.1% TX avg)−$236
Insurance (~0.5%)−$56
Est. Monthly Cash Flow $-381

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 23, 2026.

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