#1427705, Susie Phillips, Listing office: eXp Realty, LLC
Property details
About 500 Gravel Dr
Super low interest rate available! Contact listing agent for details—this could save your buyers hundreds per month on their mortgage! Nestled in the heart of the Hill Country, this charming property spans three lots—ideal for adding a workshop or guest house. It’s the perfect low-maintenance lake cottage, featuring a modernized kitchen with granite countertops and shaker-style cabinets. The full bathroom includes a dresser-style vanity, blending function with style. The primary bedroom boasts a vaulted ceiling that opens up the space beautifully. Just off the kitchen, a wood deck offers a cozy setting for morning coffee or relaxing evenings. Enjoy quick access to nearby parks and a convenient boat ramp to Lake Buchanan. Whether you envision a weekend retreat or a short-term rental, this home is your gateway to lakeside living, complete with boating and fishing. Plus, with Spider Mountain close by, outdoor adventure is never far from home.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size840 sqft
Lot size0.3719 Acres
Year built1962
ParkingOpen, Outside
MLS #7213083
ViewHills, Neighborhood
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Electric Water Heater, Electric Range, Microwave
- Flooring Type: Laminate
- Interior: Eat-in Kitchen, Granite Counters, Main Level Primary, No Interior Steps, Open Floorplan, Vaulted Ceiling(s)
- Total Bedroom Count: 2
- Private Pool: No
- Parking: Open, Outside
- Waterfront: None
- View: Hills, Neighborhood
- Exterior: Exterior Steps
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- List Price: $220,000
- Price/SqFt: $261
- HOA Amount: $100 Annually
- Annual Tax Amount: $2,871
- Tax Year: 2023
- Lot: Back Yard, Front Yard, Trees
- Directions: From Burnet; West on Hwy 29 to RR 2341, drive north to Council Creek Gate 4 on the left, take 1st Rt on Oak Lane, Gravel on Left, home on Rt.
- Year Built: 1962
- Stories: 1
- Living Area: 840 SqFt
- Lot Size: 0.3719 Acres
- MLS Number: 7213083
- MLS Name: ACTRIS
- Office Name: Watters International Realty
- Office Phone: (512) 646-0038
- Listing Agent: Chris Watters
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Texas Real Estate Commission Consumer Protection Notice
Texas Real Estate Commission Information About Brokerage Service
Last updated on: 7/24/2025, 1:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $219,300 | $2,871 |
| 2022 | $192,312 | $2,892 |
| 2021 | $133,455 | $1,197 |
| 2020 | $90,704 | $1,197 |
| 2019 | $35,872 | $601 |
History based on county public records data.
Nearby schools
3
R. J. Richey Elementary School
Public District 3-5
8.1 mi
•500 E Graves St
4
Packsaddle Elementary School
Public District PK-5
13.6 mi
•150 Pioneer Ln
3
Highland Lakes Elementary School
Public District PK-5
15.4 mi
•8200 W FM 1431
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $62,801. The majority of Burnet, TX residents have income between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
31%
<35k
43%
35k-100k
15%
100k-200k
11%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
31%
Single, No Kids
5%
Single, with Kids
49%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
5%
12-17 yrs old
11%
18-34 yrs old
46%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dollar General
Dick's Sporting Goods
Where do the neighbors go to eat?
Cracker Barrel
Applebees
Texas Roadhouse
What do the neighbors drive?
Cadillac
Subaru
Oldsmobile
What do the neighbors listen to?
News/Talk/Information
Classic Country
New Country
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 500 Gravel Dr
The listing price of 500 Gravel Dr property is $220,000.
The property 500 Gravel Dr is a house located in Burnet, Texas, 78611.
Active Listing: 500 Gravel Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 500 Gravel Dr are: R. J. Richey Elementary School (GreatSchools Rating 3/10), Packsaddle Elementary School (GreatSchools Rating 4/10), Highland Lakes Elementary School (GreatSchools Rating 3/10), Burnet Middle School (GreatSchools Rating 4/10), Marble Falls Middle School (GreatSchools Rating 4/10), Lampasas Middle School (GreatSchools Rating 6/10), Burnet High School (GreatSchools Rating 5/10), Quest High School (GreatSchools Rating 3/10), Kingsland School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $2,871 (source: MLS/based on county public records data).
The property at 500 Gravel Dr has 2 bedrooms and 1 bathroom.
The property 500 Gravel Dr is 840 SqFt (source: MLS/tax record).
The year of construction for 500 Gravel Dr is 1962.
This home is located at 500 Gravel Dr in Burnet, TX and zip code 78611 in the Council Creek neighborhood. This 840 square foot home, which was built in 1962, sits on a 0.37 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 12, 2025 and is currently priced at $220,000.
Burnet, TX housing market in June 2025 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. Between May and June 2025, Burnet, TX real estate market has seen increase in the number of listings by 3.4%. In June 2025, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $374,400.
From Rocket Homes Real Estate and based on county public records data.