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414 Morgan Creek Drive, Burnet, TX, 78611

2beds
2baths
1,322sqft
$699,000
$529price/sqft
$4,323/moest. monthly cost
$172,920/yrincome needed

About This Home

Welcome to your serene lakeside retreat on Lake Buchanan! This 2-bedroom, 2-bath home offers approximately 170ft of Open Deep-Water frontage, approximately 1,380 sq. ft. of living space with an open layout and plenty of natural light. The main floor features a spacious living area and kitchen with a sitting area that views the beautiful lake, while the upstairs provides a bedroom with bathroom that also has amazing views. Surrounded by mature trees and set in a quiet, peaceful area of Lake Buchanan, this property offers the perfect opportunity to enjoy lake life in Burnet. Ready to Explore? Less than 2 miles away is Spider Mountain, 11 miles to H-E-B grocery store, 9.4 miles to Canyon of the Eagles and 14 miles to Delaware Springs Golf Course! The home is being offered as-is, giving you the chance to personalize and update it to your taste. With a little vision and TLC, this retreat can truly shine!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
11
BikeSomewhat Bikeable

Schools

3/10
4/10
Burnet Middle SchoolGrades 6-88.0 mi
6/10
Burnet High SchoolGrades 9-128.1 mi

Construction

Condition

  • Year built: 1985

Materials

  • Foundation: Pier & Beam
  • Roof: Metal
  • Construction materials: Wood Siding,HardiPlank Type,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Refrigerator,Washer,Washer Hookup,Cooktop

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Carpet,Tile
  • Fireplace features: Wood Burning Stove
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,322
  • Total interior livable area: 1,322 sqft

Property

Details

  • Parcel number: 031122

Features

  • Stories: 1
  • Patio & porch: Patio,Deck
  • Exterior features: Balcony
  • Fencing: None
  • Has view: Yes
  • View description: Hill Country,Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Cove,Lake Buchanan East
  • Frontage length: 170

Lot

  • Lot size: 1.07 Acres
  • Lot size dimensions: 180 x 388 x 170 x 301

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Hail
Lightning
Strong Wind
Tornado
Winter Weather
Heat Wave
Wildfire

FEMA Declared Disasters Across Texas Counties

Flood
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,534$42,408
Home Insurance *$470$5,640
Property Taxes $81$972
Electricity $238$2,859
Total$4,323$51,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,217/yr
40% on housing$129,690/yr
45% on housing$115,280/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.9%
4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$529This listing

vs Other Active Listings

Avg $/sqft

ZIP 78611$275
Burnet County$387

vs Homes Sold Last Month

Median $/sqft

ZIP 78611
Burnet County$198

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-24Price change$789,900
2025-10-17Listed for sale$848,900

For Sale by Agent

AgentChisholm Davis
BrokerageLakes and Hills Realty

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