ActiveResidential · sale

116 Thomas Ridge Rd

Burnet, TX 78611

$498,000

  • 3 beds
  • 3 baths
  • 1,960 sq ft
  • 2.89 acres
  • Built 1984

Listed by Compass RE Texas, LLC · MLS #ACT8496540

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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PROPERTY QUESTIONS & SHOWINGS

Ask about this property.

116 Thomas Ridge Rd, Burnet, TX 78611 · MLS #ACT8496540

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Your purchase plans

Property inquiries go to help@erabrokers.com.

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1984.

Garage parking

2 garage spaces listed.

Property size

2.89 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Picture a little stone farmhouse on nearly three fenced acres, tucked down a quiet country road in Thomas Ridge, a neighborly, beautiful corner of Burnet where the Hill Country opens up all around you. This 3-bedroom, 2.5-bath home offers 1,960 square feet with no carpet anywhere, just tile and warm wood floors throughout, a wood-burning fireplace for cool Texas evenings, an extra-large laundry room off the kitchen, storage closets at every turn, and a massive upstairs bonus room ready to become a media room, game room or home office. The big projects are already done, with a new roof, water heater, breaker box, flooring and fresh paint in 2025, all-new double-pane windows and exterior doors with a transferable warranty, and HVAC less than a year old. Outside, the land leaves room for whatever you picture, from a big garden to a flock of chickens (yes, they’re allowed), with a large detached shed wired with electricity, a metal carport beside the garage and a whole-house water softener rounding out the practical details, all at a property tax rate of about 1.3%. Life here feels like small-town Texas at its best: H-E-B is under 10 minutes away, shopping, dining and the waterfront at Hamilton Creek Park are a 5-minute drive, and Lake Buchanan and Inks Lake State Park are each about 10 minutes down the road, with Longhorn Cavern State Park, Spider Mountain Bike Park, Delaware Springs Golf Course, Camp Longhorn and several Hill Country wineries all close by. Zoned to Burnet CISD: Shady Grove Elementary, R.J. Richey Elementary, Burnet Middle and Burnet High.

Upcoming open houses

–10:30 pm · Confirm the schedule with the listing team.

THE NEIGHBORHOOD

Explore the location.

116 Thomas Ridge Rd, Burnet, TX 78611

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1984
Full baths
2
Half baths
1
Garage spaces
2
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Appliances
Cooktop, Dishwasher, Electric Range, Instant Hot Water, Microwave, Free-Standing Electric Oven, Free-Standing Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Water Softener Owned
Flooring
Tile, Wood
Fencing
Perimeter
Accessibility
None
Pool features
None
Subdivision
Thomas Ridge
Parcel
52382
HOA
Thomas Ridge POA
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
RJ Richey
Middle school
Burnet (Burnet ISD)
High school
Burnet
Annual property tax
$5,594.49
HOA fee
$600.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$985.68
Estimated monthly rent$2,075.00
Cap rate2.63%

Annual operating income: $13,073.11

HOA: Includes $50.00 per month in HOA dues, converted from the $600.00 annual fee reported by the listing source.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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More in Burnet.

Listing information

MLS #ACT8496540 · Austin Board of Realtors

Listing brokerage: Compass RE Texas, LLC
Listing agent: Bonnie Palmer

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.