Active Listing  ·  43 days on market

602 S Pierce St

Burnet, TX 78611
$267,500
3 Bed 2 Bath 1,120 sqft $239/sqft Built 2019 0.09 acres Pool Vanderveer/ Alexander

**$2,000 Seller Closing Credit with accepted offer by September 30th**

Modern comfort, a fantastic location, and exceptional buyer incentives! Built in 2019, this move-in ready single-story home offers 3 bedrooms, 2 baths, an open-concept floor plan, and durable wood-look luxury vinyl flooring throughout. The kitchen features granite countertops, stainless steel appliances, and a dining area that flows seamlessly into the living space. The private primary suite includes a tray ceiling, granite vanity, and spacious walk-in closet. Outside, enjoy a fully fenced backyard with brand-new sod, perfect for pets, entertaining, or relaxing. Best of all, there’s NO HOA, and Burnet Town Square is just a 3-minute walk away, offering convenient access to shopping, dining, and community events. Buyer incentives include a 3.375% FHA assumable loan, also, our preferred lender is offering a 1% closing cost concession. Contact the listing agent for details; the preferred lender incentive is separate from the assumable loan.

*Washer/Dryer & Refrigerator Convey with the Sale

At $239/sqft, this home is 25% below the Burnet active market average of $319/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

602 S Pierce St, Burnet, TX 78611

Property Details

Price $267,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,120 sqft
Lot Size 0.09 acres (3,963.96 sqft)
Year Built 2019
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Vanderveer/ Alexander
County Burnet
Zip Code 78611
$/sqft $239/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,276.11
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244015605
List Date August 20, 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 →

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
302 Julie St
Highland Acres East
$275,000 $233 3 bd / 1 ba 1,180 sqft , 2026-08-24
112 Hayburner Rd
Creekfall
$286,990 $194 3 bd / 2 ba 1,478 sqft , 2026-03-13
711 Beachwood Rd
Woodlands
$244,998 $172 2 bd / 2 ba 1,421 sqft , 2026-08-06
808 N Water St
John Hamilton
$299,000 $228 3 bd / 1 ba 1,312 sqft , 2026-09-15

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
$1,284/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
$53,500
20% conventional investment loan

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

Estimated Gross Rent+$1,284
Principal + Interest−$1,460
Property Tax (~2.1% TX avg)−$468
Insurance (~0.5%)−$111
Est. Monthly Cash Flow $-755

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 30, 2026.

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