Property Attributes
- MLS#177270
- TypeSingle Family
- Listing Status Active
- CountyLLANO
- CityBluffton
- NeighborhoodIsland Village
- Zip78607
- Style
- Year Built1984
- Price$ 699,900
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2196
- Lot Size0.51 Acres
Data Source:
Highland Lakes MLS (HLAOR)
Property Description
Welcome to 515 E Island Dr—an exceptional opportunity to own generational waterfront on Lake Buchanan’s coveted Shaw Island, where only a select few properties are surrounded by water on all sides.Set on approximately 0.51 acres in Bluffton, Texas, this 4-bedroom, 3-bath retreat is designed to capture the lake from nearly every angle. Expansive windows frame panoramic views, filling the home with natural light & creating a seamless indoor-outdoor connection. The open-concept kitchen & living area offer an inviting space for entertaining or relaxing, all with the water as your constant backdrop. Multiple bedrooms provide peaceful, private retreats with stunning views. An attached guest house adds flexibility and value, featuring its own open-concept layout, private bedroom, & full bath with a striking walk-in shower-ideal for hosting guests,family, or a secluded escape. Step outside to your waterfront setting, where a sprawling backyard, expansive patio, & outdoor fireplace create the perfect environment for entertaining or unwinding as Hill Country sunsets stretch across the lake. Lot 100 directly across the street is included, offering additional space & a place to build a shop to store all of your lake toys! Located near Burnet, enjoy easy access to boating, fishing, & top Hill Country attractions, including Inks Lake State Park, Longhorn Cavern, wineries, golf, and local dining.
| Price History | |
|---|---|
| 3/31/2026 | Listed $769,984 |
| 4/21/2026 | 1$764,984 |
| 4/29/2026 | 1$759,984 |
| 5/21/2026 | 8$699,900 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Possession | Closing/Funding |
| Roof | Metal |
| Appliances | Dishwasher,Electric Range,Refrigerator,Washer Hookup,Electric Water Heater |
| Association Fee Includes | None |
| Pool Features | Above Ground |
| Construction Materials | Wood Siding |
| Year Built | 1984 |
| View | Lake,Panoramic |
| Property Subtype | Single Family Residence |
| Waterfront Features | Open Water |
| County | Llano |
| Property Type | Residential |
| Association Amenities | Pool |
| Energy Efficient | Ceiling Fan(s) |
| Subdivision Name | Island Village |
| Full Baths | 3 |
| Status | Active |
| Directions | TX-261 N 5.4 mi- Sharp right towards Shaw Island Rd 154ft. Continue on Shaw Island Rd for 3.8 mi. Continue on E Island Dr. Destination on the left. |
| City | Bluffton |
| High School District | Llano |
| Lot Size Square Feet | 22215 |
| Virtual Tour | https://www.tourfactory.com/idxr3233607 |
| Standard Status | Active |
Interior Features
| Interior Amenities | Breakfast Bar |
|---|---|
| Flooring | Hardwood,Stained Concrete |
| Fireplace Features | One,Other |
| Total Stories | 1 |
| Total Bedrooms | 4 |
| LivingAreaSource | Owner |
Exterior Features
| Exterior Amenities | Open Concrete Areas,Garden,Sprinkler System |
|---|---|
| Water Source | Well |
| Lot Dimensions | irregular |
| Lot Size Acres | 0.51 |
| Lot Size Source | County Records |
| Road Frontage Type | Paved Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78607
In The Neighborhood
Bluffton
$ 639,000
- Type
- Single Family
- Size
- 1,914 SqFt
- Rooms
- 3 Beds + 2 Baths
Other
$ 894,000
- Type
- Single Family
- Size
- 3,295 SqFt
- Rooms
- 4 Beds + 3.5 Baths
Bluffton
$ 699,500
- Type
- Single Family
- Size
- 2,632 SqFt
- Rooms
- 5 Beds + 3 Baths
Austin Board of REALTORS® Copyright ©2026 All rights reserved.
Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
Highland Lakes Association of Realtors® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may