Active Listing  ·  226 days on market

242 Water Well Rd

Burnet, TX 78611
$285,540
4 Bed 2 Bath 1,568 sqft $182/sqft Built 2026 0.18 acres 2-Car Garage Pool Creekfall

Discover the Dakota floorplan at Creekfall, this beautiful single story 2-3 car garage option home in Burnet, Texas is just what you have been looking for.

Inside this beautiful 4-bedroom, 2-bathroom floorplan, you’ll find approximately 1,568 square foot home that makes the most of its space. The living area Is an open concept, where your kitchen, living, and dining areas blend seamlessly into a space perfect for everyday living and entertaining.

The kitchen features flat panel birch cabinets and granite countertops with decorative tile backsplash. Enjoy the open dining area that is connected to the covered patio for you to enjoy the views of nature from the backyard.

The primary bedroom features an attached primary bathroom with a walk-in shower that can be opted for a tub and shower, and a spacious walk-in closet for all your belongings. The secondary bedrooms share a functional bathroom between them, along with spacious closets space for storage.

You’ll enjoy the smart home technology that is built into every D.R. Horton home. You will always be connected as you control and secure your home through the Qolsys smart panel, through your phone, or even with your voice.

There’s no reason to wait, come look at the Dakota floorplan today.

At $182/sqft, this home is 43% 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

242 Water Well Rd, Burnet, TX 78611

Property Details

Price $285,540
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,568 sqft
Lot Size 0.18 acres (7,840.8 sqft)
Year Built 2026
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Creekfall
County Burnet
Zip Code 78611
$/sqft $182/sqft
Days on Market ,
HOA $75/Quarterly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT219765218
List Date February 18, 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.

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 · February 18, 2026 $321,675
Previous ask $323,540
Current ask $285,540
▼ Reduced $36,135 (-11.2%) 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
112 Hayburner Rd
Creekfall
$286,990 $194 3 bd / 2 ba 1,478 sqft , 2026-03-13
116 Hayburner Rd
Creekfall
$286,990 $186 3 bd / 2 ba 1,540 sqft , 2026-04-09
429 Creekfall Rd
Creekfall
$282,290 $206 3 bd / 2 ba 1,370 sqft , 2026-06-25
302 Julie St
Highland Acres East
$275,000 $233 3 bd / 1 ba 1,180 sqft , 2026-08-24
308 Gristmill Rd
Creekfall
$297,490 $167 3 bd / 2 ba 1,777 sqft , 2026-02-19

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
$1,371/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
$57,108
20% conventional investment loan

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

Estimated Gross Rent+$1,371
Principal + Interest−$1,558
Property Tax (~2.1% TX avg)−$500
Insurance (~0.5%)−$119
Est. Monthly Cash Flow $-806

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 September 17, 2026.

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