311 Oleander Dr, Marble Falls, TX 78654
- $350,000
- 4
- BD
- 3
- BA
- 4,143
- SqFt
- List Price
- $350,000
- Status
- ACTIVE
- MLS#
- 5525989
- Days on Market
- 7
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 4,143
- Lot Size
- 26,136
- Area
- Burnet/Llano, Gillespie/Blanco, Northwest Travis Co.
Property Description
Discover one of Marble Falls' most extraordinary waterfront estates, offering approximately 200 ft of channel frontage. and a level of luxury rarely found on Lake LBJ. This listing offers 1/6 deeded ownership interest (Tenants in Common). List price reflects the purchase price of one fractional ownership share only, not the entire property. Cash purchase is required. Financing for fractional ownership is generally limited. Owners enjoy approximately 8 weeks of annual exclusive use through a professionally managed rotating reservation schedule, combining luxury ownership with a true lock-and-leave lifestyle. Designed for exceptional entertaining, this 4,500 sq ft single story residence features an expansive open living room where walls of windows frame peaceful waterfront views. The gourmet kitchen is equipped with propane range, dual dishwashers, premium finishes, while the separate prep and baker's kitchen offers additional appliances, freezers, sinks, and abundant workspace for effortless hosting. Outside, the estate transforms into a private waterfront resort. An oversized pool with cascading waterfall is surrounded by towering palms, lush professional landscaping, a sandy beach-style lounging area, 2 fire pits, and an expansive patio overlooking the water. A separate pool house provides additional accommodations with a bedroom, living area, kitchenette, and full bath. The detached two-car garage includes 3 additional storage rooms. The 203 ft of waterfront is complemented by a covered hydraulic boat slip with an automated enclosure, two jet ski lifts, and a fully fenced lawn extending to the water's edge. Professionally managed ownership allows you to enjoy an exceptional luxury lakefront lifestyle without the responsibilities of full-time ownership. Contact listing agent for total property value, ownership details, reservation schedule, and fractional ownership documents.
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Additional Information
- Taxes
- $363,198
- Tax Year
- 2025
- HOA Name
- Shady Acres POA
- Year Built
- 1970
- Garage Spaces
- 2
- Parking Spaces
- 7
- Exterior Features
- Boat Dock - Private, Boat Lift, Boat Slip, Exterior Steps, Private Entrance, Private Yard
- Interior Features
- Breakfast Bar, Built-in Features, Ceiling Fan(s), Beamed Ceilings, Ceiling-High, Granite Counters, Crown Molding, Double Vanity, Eat-in Kitchen, Kitchen Island, Natural Woodwork, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Sound System, Storage, Study/Home Office, Track Lighting, Walk-In Closet(s)
- Roof
- Shingle
- Appliances
- Built-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop, Refrigerator
- Construction
- See Remarks, Brick, Stone
- Num Fireplaces
- 1
- Region
- Burnet/Llano, Gillespie/Blanco, Northwest Travis Co.
- View
- Lake/River
- School District
- Marble Falls ISD
- Elementary School
- Marble Falls
- High School
- Marble Falls
- Middle School
- Marble Falls
- Sewer
- Aerobic Septic, Septic Tank
- Stories
- 1
- Street Name
- Oleander Dr
- Street Number
- 311
- Neighborhood
- Shady Acres
- Water
- Public
- Waterfront
- Yes
- Guest Accommodations
- Guest House
- Acres
- 0.60
- County
- Burnet
- Floor
- Tile
- Heating
- Central
- Lot Description
- Back Yard, Few Trees, Front Yard, Level, Native Plants, Private, Sprinklers In Rear, Sprinklers In Front, Trees-Medium (20 Ft - 40 Ft), Waterfall
- Pool
- Yes
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Listing courtesy of Kasey Mercurio from MCM Land Company LLC. Contact: (512) 705-2504
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