204 Deer Ridge DR
About This Property
Built in 2006, this well-cared-for home has been meticulously maintained inside and out, making it truly move-in ready. The open and inviting floor plan provides a warm, comfortable atmosphere, while the peaceful setting allows you to relax and enjoy all that lake living has to offer.
Outside, you'll find a detached two-car garage with plenty of room for vehicles, boats, fishing gear, golf carts, and all your lake toys. A finished-out well house offers endless possibilities as a workshop, hobby room, or additional storage, and there's also a separate storage building for even more space to keep everything organized.
One of the greatest advantages of this property is its location. Enjoy all the benefits of lake living without the high waterfront property taxes! Owners have access to the Donall Estates Property Owners Association park, featuring excellent Lake Buchanan access, a boat ramp, picnic areas, and a welcoming community atmosphere with neighborhood events throughout the year.
Whether you're looking for peaceful country living, a weekend escape, or an investment near one of the Highland Lakes' most popular destinations, this property checks all the boxes. With its immaculate condition, versatile outbuildings, generous one-acre lot, and convenient access to boating, fishing, swimming, and all the recreational opportunities Lake Buchanan has to offer, this is a property you won't want to miss!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | Price Decreased |
$272,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| Jul 20, 2026 | Listed by All City Real Estate Ltd. Co | $282,000 | |
| Listed by All City Real Estate Ltd. Co | |||
| Apr 8, 2024 | No longer available | - | |
| No longer available | |||
| Mar 12, 2024 | Listed by Compass RE Texas, LLC | $389,000 | |
| Listed by Compass RE Texas, LLC | |||
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Welcome to 204 Deer Ridge Dr in Burnet, TX. This exceptional property is the fisherman's dream with private access to Lake Buchanan and plenty of storage space for all of your water toys. This home offers a unique living experience spread across an expansive 1,200 square foot layout that includes two bedrooms and two bathrooms. The interior design is characterized by stained concrete floors underfoot which add a contemporary touch to the overall aesthetic. The property's exterior is just as appealing, featuring a durable metal roof and a large shop perfect for various uses. Additionally, it comes with its own private well - a valuable asset that ensures water reliability. Situated on a generous 1-acre lot, this residence enjoys privacy and seclusion without sacrificing access to essential amenities. Within the gated homeowners park, residents can enjoy peaceful strolls or simply appreciate the tranquil surroundings. One of the standout features of this property is its proximity to Lake Buchanan. Future owners will have direct access to the lake, presenting opportunities for boating, fishing, or simply enjoying the serene waterside views. The annual Homeowners Association fee stands at an affordable $45 per year, ensuring maintenance of common areas and contributing to the overall appeal of this leisure-focused neighborhood. Schedule a showing today! The manager has listed the unit size as 1200 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017