515 E Island Drive
Bluffton, TX 78607
4 Beds
3 Baths
2,196 sqft (on 0.51 acres)
4 Beds
3 Baths
2,196 sqft
(on 0.51 acres)
Local Information
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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 1 acre 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. 520 E Island Dr, located caddy-corner is also for sale separately Make it a family compound or multi property lake retreat!
Home Highlights
Parking
No Info
Outdoor
Patio, Deck, Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
$346
Listed
39 days ago
Home Details for 515 E Island Drive
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Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3 |
Dimensions and Layout Living Area: 2196 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Electric Range, Refrigerator, Washer Hookup, Electric Water HeaterDishwasherRefrigerator |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa Number of Fireplaces: 1Fireplace: One, OtherHas a Fireplace |
Windows, Doors, Floors & Walls Flooring: Hardwood, Stained Concrete |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneFloors: Hardwood, Stained Concrete |
View Has a ViewView: Lake, Panoramic |
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Exterior Home Features Roof: MetalPatio / Porch: Patio, DeckExterior: Open Concrete AreasHas a Private Pool |
Pool Pool: Above GroundPool |
Frontage WaterfrontWaterfront: Open Water, Lake Buchanan WestRoad Surface Type: PavedOn Waterfront |
Water & Sewer Sewer: Septic Tank |
Farm & Range Frontage Length: 200 |
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Days on Market: 39 |
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Year Built Year Built: 1984 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, Residential |
Building Construction Materials: Wood Siding |
Property Information Parcel Number: 013288 |
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Price List Price: $759,984Price Per Sqft: $346 |
Status Change & Dates Possession Timing: Closing/Funding |
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MLS Status: Active |
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Direction & Address City: BlufftonCommunity: Island Village |
School Information High School District: Llano |
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Listing Agent Listing ID: 177270 |
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Building Area Building Area: 2196 Square Feet |
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HOA Fee Includes: None |
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Lot Area: 0.51 acres |
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Energy Efficiency Features: Ceiling Fan(s) |
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Mls Number: 177270Water ViewWater View: Lake |
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HOA Amenities: Pool |
Last check for updates: about 10 hours ago
Listing courtesy of Tammy J Burnes-Manning, (325) 248-4573
The Mannings Realty Group- eXp
Source: HLMLS as distributed by MLS GRID, MLS#177270
Also Listed on HLMLS as distributed by MLS GRID.
Price History for 515 E Island Drive
| Date | Price | Event | Source |
|---|---|---|---|
| 04/29/2026 | $759,984 | PriceChange | HLMLS as distributed by MLS GRID #177270 |
| 04/21/2026 | $764,984 | PriceChange | HLMLS as distributed by MLS GRID #177270 |
| 03/31/2026 | $769,984 | Listed For Sale | HLMLS as distributed by MLS GRID #177270 |
| 10/26/2024 | $2,500 | ListingRemoved | Zillow Rentals |
| 10/16/2024 | $2,500 | Listed For Rent | Zillow Rentals |
| 06/30/2024 | ListingRemoved | Unlock MLS #8092125 | |
| 03/29/2024 | $770,000 | Listed For Sale | HLMLS as distributed by MLS GRID #168124 |
| 04/03/2023 | ListingRemoved | Unlock MLS #5232422 | |
| 03/15/2023 | $1,099,500 | Listed For Sale | Unlock MLS #5232422 |
| 12/08/2022 | ListingRemoved | Unlock MLS #9745166 | |
| 10/19/2022 | $1,200,000 | Listed For Sale | Unlock MLS #9745166 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $14,670 |
Home facts updated by county records
Comparable Sales for 515 E Island Drive
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.27 | Single-Family Home | - | 09/26/25 | 3 | 2.5 | 2,260 | |
0.19 | Single-Family Home | - | 09/16/25 | 2 | 1 | 1,152 | |
2.23 | Single-Family Home | - | 01/06/26 | 3 | 3 | 1,958 | |
2.33 | Single-Family Home | - | 03/09/26 | 4 | 2 | 2,394 | |
2.22 | Single-Family Home | - | 07/18/25 | 3 | 2 | 1,776 | |
2.41 | Single-Family Home | - | 11/26/25 | 3 | 2 | 2,086 | |
2.32 | Single-Family Home | - | 06/02/25 | 2 | 2 | 2,051 | |
2.23 | Single-Family Home | - | 08/22/25 | 2 | 1.5 | 1,470 | |
2.45 | Single-Family Home | - | 04/20/26 | 3 | 2 | 2,048 |
Assigned Schools
These are the assigned schools for 515 E Island Drive.
- Burnet Elementary School
- PK-2
- Public
- 577 Students
NAGreatSchools RatingParent Rating AverageMy family is new to Texas, and this kind of school environment, I find this school to be one of the most horrible schools I have ever had my children in.Parent Review8y ago - Burnet High School
- 9-12
- Public
- 1003 Students
6/10GreatSchools RatingParent Rating AverageThis is a great district with fantastic leadership, good teachers, and awesome academics. Both of our students came from Georgetown ISD, and oh my gosh the difference was insane. So much less bullying, better teachers, administration that cares, it is all just a relief coming from such a parent hating district such as GISD. They are getting a little bit away from being great for parents (more activities taking place during the day that working parents can't go to), and I hope they do stop that.Parent Review3y ago - Burnet Middle School
- 6-8
- Public
- 731 Students
4/10GreatSchools RatingParent Rating AverageThe WORST school!!! They do nothing about bullying! Unless you come from lots of $$$$ or related to the judge or drink with coaches/ staff your child gets left behind !!Parent Review8mo ago - Rj Richey Elementary School
- 3-5
- Public
- 487 Students
3/10GreatSchools RatingParent Rating AverageMy granddaughter transferred into this school half way through the first semester this year. I cannot say enough great things about not only her strides in education but also the caring staff at this school. I don't know if she just got lucky with the greatest teacher in the entire school or if all of the teachers are this fantastic but her teacher is phenomenal. My granddaughter has made huge strides in reading, is becoming what I call a 'math genius' and has learned and enjoyed this year so much. We have attended a few class events and the teacher's balance between having a fun class party and still behaving in the classroom is incredible. I honestly do not know how she does it. Grades and progress are easily accessed through the online portal which is very helpful. The teacher has been very responsive to any email I have sent. Communication is wonderful. She sends home completed work on a regular basis so I am aware of the lessons and can be a partner in my granddaughter's education. Homework has consisted mainly of reading assignments but there has been the occasional math worksheet. The teacher keeps us updated with the lessons by sending out flyers via email, informing parents of what the class is studying. I really appreciate that. All in all, this positive experience has made my granddaughters transition this year much easier and more pleasant. She is already looking forward to next year at this school and has said that she doesn't want to go to any other school. Thank You RJ Richey for making my granddaughter's year brighter!Parent Review2y ago 
Check out schools near 515 E Island Drive.
What Locals Say about Tow
At least 1 Trulia users voted on each feature.
100 % Say car is needed
100 % Say yards are well-kept
100 % Say it's quiet
100 % Say there's wildlife
100 % Say parking is easy
67 % Say there's holiday spirit
67 % Say there are community events
57 % Say neighbors are friendly
50 % Say they plan to stay for at least 5 years
50 % Say people would walk alone at night
50 % Say kids play outside
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Tammy J Burnes-Manning, The Mannings Realty Group- eXp
Agent Phone: (325) 248-4573
Based on information submitted to the MLS GRID as of 2026-05-09 03:08:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
515 E Island Drive, Bluffton, TX 78607 is a 4 bedroom, 3 bathroom, 2,196 sqft single-family home built in 1984. This property is currently available for sale and was listed by HLMLS as distributed by MLS GRID on Mar 31, 2026. The MLS # for this home is MLS# 177270.