Active Listing  ·  52 days on market

916 Apache Dr

Burnet, TX 78611
$145,000
2 Bed 1 Bath 920 sqft $158/sqft Built 1991 0.23 acres Pool Sherwood Shores Iii

Nearly turnkey getaway in Sherwood Shores, move-in ready and priced for the buyer who wants a place with lake access without a

lake-price mortgage. The 1-bedroom, 1-bath cottage lives larger than its 920 square feet thanks to an upstairs loft that works as a

second sleeping space, office, or bunk area. Fresh paint, newer lighting, and a metal roof. Electrical service and pole were

replaced approximately five years ago. Window A/C units and electric heat. Water well and septic, so no city water bill, and no

mandatory POA. Outside is where this one wins: two platted 50x100 lots convey together for roughly a quarter acre, plus two

carports, a 12x12 workshop, a 6x10 storage building, a separate laundry building, and a 12x12 covered patio linking the house to

the workshop. The grounds have been cleaned up and cleared, and that covered patio is a natural spot to add finished space later.

Room for lake gear, tools, trailers, and projects. Best part is, it comes furnished, list available. Bring a bag and start using it this

weekend. Taxes ran under $1,000 last year, which keeps the carrying cost low whether this is a weekender, a full-time home, or a

rental hold. Quiet side of the lake, with Marble Falls an easy drive away. Cash and conventional welcome. Buyer to verify square

footage, lot lines, restrictions, and any rental use.

At $158/sqft, this home is 51% 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

916 Apache Dr, Burnet, TX 78611

Property Details

Price $145,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 920 sqft
Lot Size 0.23 acres (10,001.38 sqft)
Year Built 1991
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Sherwood Shores Iii
County Burnet
Zip Code 78611
$/sqft $158/sqft
Days on Market ,
HOA $50/Annually
Annual Tax Est. $1,200.05
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244460753
List Date September 2, 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 →

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
1713 County Road 118 Rd
Sherwood Shores Iii
$135,000 $111 3 bd / 2 ba 1,216 sqft , 2026-10-22

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
$696/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
$29,000
20% conventional investment loan

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

Estimated Gross Rent+$696
Principal + Interest−$791
Property Tax (~2.1% TX avg)−$254
Insurance (~0.5%)−$60
Est. Monthly Cash Flow $-409

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 3, 2026.

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