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$1,050,000

Beds
4
Baths
3.5
sq ft
3,375

208 Iris Ln, Buchanan Dam, TX 78609

208 Iris Ln

Buchanan Dam, TX 78609

  • 14 days on market
Discover an exclusive waterfront retreat on Lake Buchanan—a rare gem offering 1.3 acres of pristine Texas Hill Country beauty with 334feet of private waterfront. This stunning 3,375 sq. ft. lakefront home is perfectly positioned to take in breathtaking water views and enjoy the best of lakeside living. The home boasts 4 spacious bedrooms and 3 baths, including a newly added sunroom with its own dedicated hot tub room, seamlessly blending modern updates with timeless charm. Recent enhancements ensure lasting comfort, featuring a brand-new LCRA septic system (2025), a new roof (2020), updated windows, a well house, a fresh driveway, and both interior and exterior paint. The HVAC system has also been updated for year-round efficiency. Expansive living and entertaining spaces are bathed in natural light, creating an effortless flow between indoor and outdoor living. Enjoy the best of Lake Buchanan in any season! When the lake is full, revel in boating, fishing, and swimming just steps from your back door. During lower water levels, take advantage of the exposed lakebed for exciting buggy rides, explore hidden trails along the expanded shoreline, or discover unique rock formations and sandy beaches only visible when the water recedes. Step outside to manicured grounds, and towering oaks, all leading to the serene waters of Lake Buchanan. Whether you dream of mornings on the water, evenings by the firepit, or adrenaline-filled buggy adventures, this estate delivers unparalleled luxury and outdoor fun.

Details

Property type

Single Family Residence

Est. home value

$525,195

Property condition

Updated/Remodeled

Lot size

1.2785 acres

Price per sq ft

$312

Year built

1972

Annual property taxes

$7,254.22

Monthly HOA fee

$5

Price History

03/03/2025
Austin

Austin #7375175

Listed
$1,050,000

Schools & Community

Elementary school: 

Burnet

Middle school: 

Burnet (Burnet ISD)

High school: 

Burnet

Community features: 

Fishing

High school district: 

Burnet CISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$537,947
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$428,053
Cash to seller
$537,947

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Security State Bank & Trust

Loan start date

June 2021

Original loan amount

$465,500

Est. remaining balance

$428,053

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Pamela G Pitt and Michael E Pitt

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/18/2025 at 2:25 AM

Listing updated: 03/04/2025 at 6:50 AM

Listed by: Katie Simon, eXp Realty, LLC Phone #: (888) 519-7431

MLS: Austin #7375175

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