Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    201 Lakewood Dr Burnet, TX 78611

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $749,000

    Charming lakeside bed and breakfast in Burnet, Texas for sale.

    Lot size:
    0.27 Acres

    Property Features for 201 Lakewood Dr

    General Information

    Standard status
    Active
    Lot size
    0.27 Acres

    Building Details

    Year built
    1963

    We can help!

    Listing Contact
    Kelsey Huddleston
    Kelsey Huddleston
    Source: Exitrealty

    Listing Agency: Zina & Co. Real Estate Listing Agent: Kelsey Huddleston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Vintage Lakeside Lodge Bed & Breakfast

    Lakeside Lodge is a vintage bed and breakfast located on Lake Buchanan in Burnet, Texas, approximately 50 miles northwest of Austin. Constructed in 1963, this property offers a blend of vintage character and modern amenities. The lodge features 2,907+ sq ft of space, including 3 furnished units and 2 unfurnished units, each equipped with full kitchens and baths. The property includes a communal dining area and an expansive patio overlooking the lake. The location is suited for nature lovers, with opportunities for birdwatching in the winter, bluebonnet viewing in the spring, and boating, fishing, and swimming in the summer. This property offers the potential to generate income in a tourist destination.
    Location Intelligence

    Current Use by Public Records

    Lakeside Lodge Bed ... Bed & Breakfast

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Bar & Pub Grocery & Convenience Store Bed & Breakfast Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burnet
    County
    Burnet
    State
    Texas
    Longitude
    -98.3905701
    Latitude
    30.8483145

    Nearby Similar for Sale

    • $1,800,000
      5,768 SF

      Remodeled Commercial Property in Burnet, TX

      Meticulously remodeled commercial property with 14 offices in Burnet, Texas.
      205 S Pierce St, Burnet, TX 78611
      View Details
    • $1,800,000
      5,768 SF

      Remodeled Commercial Property in Burnet, TX

      Meticulously remodeled commercial property in the heart of Burnet, Texas.
      205 S Pierce St, Burnet, TX 78611
      View Details
    • $725,000
      4,300 SF

      Burnet Commercial Property on Highway

      Versatile 4,300+ sq ft commercial building on two acres.
      2309 State Highway 29 W, Burnet, TX 78611
      View Details
    • $14,000,000
      14,000 SF

      Texas Hill Country Castle Estate

      Iconic 14,000+ sqft castle on 110 acres.
      7400 S Park Road 4, Burnet, TX 78611
      View Details
    • $595,000
      2,400 SF

      Burnet Commercial Building on Corner

      High-visibility commercial building on corner lot near town square.
      109 W Jackson St, Burnet, TX 78611
      View Details
    • $735,000
      3,202 SF

      Burnet Duplex with Spacious Residences

      Two 1,601-square-foot residences in Burnet, Texas.
      1010 E Marble St, Burnet, TX 78611
      View Details
    • $1,950,000
      93.99 Acres

      Burnet County Hill Country Land

      94 acres of Texas Hill Country with pond and creeks.
      County Road 207, Burnet, TX 78611
      View Details
    • $375,000
      1,601 SF

      Burnet, TX Multi-Family Residence

      1,601 sqft residence with three bedrooms and 2.5 baths.
      1010 E Marble St, Burnet, TX 78611
      View Details
    • $1,000,000

      Remodeled Office Building with Warehouse

      Burnet commercial property with office, warehouse, and storage.
      320 Southland Dr, Burnet, TX 78611
      View Details
    • Contact for pricing
      Pending

      Spacious Apartment in Burnet, TX

      Two-bedroom, one-bath apartment with in-unit laundry and equipped kitchen.
      902 Lewis Dr, Burnet, TX 78611
      View Details
    • $1,000,000

      Remodeled Office Building with Warehouse

      Commercial property with remodeled office and insulated warehouse in Burnet.
      320 Southland Dr, Burnet, TX 78611
      View Details
    • $1,199,000

      Burnet Ranch with River Frontage

      42.06-acre ranch featuring a workshop, living quarters, and river frontage.
      3250 County Road 202, Burnet, TX 78611
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Charming lakeside bed and breakfast in Burnet, Texas for sale.
    Where is this bed & breakfast located?
    The property is located at 201 Lakewood Dr Burnet, TX.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Lakeside location on Lake Buchanan offers boating, fishing, swimming, and scenic views.; - Established vintage bed and breakfast with income-generating potential in a popular tourist destination.; - Includes 3 furnished units and 2 unfurnished units, each with full kitchens and baths.
    (512) 265-4455
    Request Owner's contact information
    201 Lakewood Dr Burnet, TX 78611
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Lakewood Dr
    Burnet, TX 78611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 Lakewood Dr Burnet, TX 78611
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kelsey Huddleston
    Kelsey Huddleston
    Real Estate License ID: 0679354
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!