Active Listing  ·  123 days on market

508 S Vandeveer St

Burnet, TX 78611
$300,000
3 Bed 2 Bath 1,366 sqft $220/sqft Built 1940 0.17 acres Pool None

Welcome to 508 S Vandeveer Street in Burnet, Texas, a beautifully restored and move-in ready home offering over $50,000 in upgrades in one of the most desirable locations in the Texas Hill Country. Situated on a spacious corner lot just minutes from Downtown Burnet, this charming property combines modern renovations with timeless character and small-town convenience.

Inside, you’ll find a thoughtfully updated interior featuring fully remodeled bathrooms, a stunning kitchen with brand-new cabinetry, restored original hardwood floors, and durable luxury vinyl plank flooring throughout — with no carpet anywhere in the home. Additional major upgrades include new windows, a new water heater, and a transferable foundation warranty, providing long-term peace of mind for future homeowners. All appliances convey, making this Burnet home truly move-in ready.

Step outside and enjoy everything this property has to offer, including a welcoming covered front porch, mature shade trees, dedicated garden space, and multiple storage options with his-and-hers sheds. A covered carport and durable metal roof add functionality and value to this exceptional home.

Location is everything, and 508 S Vandeveer places you in the heart of Burnet, TX. Walk to H-E-B, the historic Burnet Square, local restaurants, boutique shopping, seasonal festivals, farmers markets, and nearby rail access. Enjoy the charm of small-town Texas living while staying conveniently close to Marble Falls, Liberty Hill, Georgetown, and Austin.

Whether you’re searching for a starter home in Burnet, a Texas Hill Country property, or a beautifully updated home near Downtown Burnet, this property delivers comfort, character, and convenience in one incredible package.

At $220/sqft, this home is 31% 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

508 S Vandeveer St, Burnet, TX 78611

Property Details

Price $300,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,366 sqft
Lot Size 0.17 acres (7,405.2 sqft)
Year Built 1940
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision None
County Burnet
Zip Code 78611
$/sqft $220/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,696.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231421790
List Date June 1, 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 · June 1, 2026 $324,000
Previous ask $315,000
Current ask $300,000
▼ Reduced $24,000 (-7.4%) 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
1329 Spicewood Dr
Pepper Mill Sub Ph 1
$299,999 $196 3 bd / 2 ba 1,532 sqft , 2026-06-12
313 Wheel Horse Rd
Creekfall
$299,990 $203 3 bd / 2 ba 1,478 sqft , 2026-08-24
808 N Water St
John Hamilton
$299,000 $228 3 bd / 1 ba 1,312 sqft , 2026-09-15
305 Wheel Horse Rd
Creekfall
$301,990 $204 3 bd / 2 ba 1,478 sqft , 2026-10-01
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
$1,440/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
$60,000
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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 22, 2026.

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