3 bed, 2 bath, 2,004 sqft on 0.33 acres in Granite Shoals. Granite Shoals, TX 78654. $1,149,900. Marble Falls ISD.
About This Home
Incredible Opportunity to mix business with pleasure living the lake lifestyle. This unique property setup includes a two-story house with one boat slip on a community dock. The primary boat slip has a jet ski lift attached. The boat slip has a dedicated storage closet. With a proven track record for short term rental success, this property offers flexibility for year-round personal use while maintaining investment income. There are also plans available for a two-story master suite garage expansion to offer a dedicated owner quarters connected to an income producing asset with separated entry points! This property is being offered as a turnkey fully furnished instant income STR property. The property is fenced fully for security. The lower floor which has a front and rear covered patio contains the kitchen, main living, dining, and entry hall half bath. A large rear wall of glass that opens up to a large stone patio with fire ring and dock access. The upper floor contains the Master Suite, Bunkbed Room, Third Bedroom, Upper living room, Second Full Bathroom, and Upper Lake View Covered Balcony. There is an additional out-door showering area and an outdoor half bath. There is a private concrete party deck over 1000 sq ft in size with great views for entertaining space. If you enjoy a social atmosphere with lake front amenities, this property seals the deal!
Waterfront access and short-term rental utility define the value at 1506 Hill Top Dr Unit #A,B,& E. In Granite Shoals in Granite Shoals, this 2,004 square foot single family residence sits on 0.33 acres and combines lake use, income flexibility, and a layout that supports both without forcing compromise. At $1.25M, or $623 per square foot, the property is positioned for buyers who care as much about direct water access and usable outdoor infrastructure as they do interior count and finish.
Built in 2015, the home offers 3 bedrooms, 2 full baths, and 2 half baths across a two-story plan designed around gathering space and access to the water. The lower level centers on the kitchen, living, and dining areas, with covered patios at the front and rear and a large wall of glass opening to a stone patio and direct dock approach. Upstairs, the bedroom mix is practical for owner use or guest turnover, with an additional living area and a covered balcony oriented to the lake. That matters in this segment because flexible sleeping arrangements and multiple indoor-outdoor zones tend to support both personal enjoyment and repeat rental demand.
The dock setup is where this property separates from many lake listings at a similar size. Two boat slips on a community dock, a jet ski lift attached to the primary slip, a second bulkhead-mounted jet ski lift, and dedicated storage closets at each slip create real-function waterfront use rather than just waterfront labeling. The fenced configuration, outdoor shower area, outdoor half bath, and a private concrete deck of more than 1,000 square feet add another layer of utility, especially for owners who expect active lake traffic and frequent entertaining.
There is also a clear investment case here. The property has an established record as a short-term rental, is offered fully furnished, and includes available plans for a two-story primary suite and garage expansion with separate entry points. That creates optionality: keep it as an income-producing asset, use it as a part-time lake property, or push further into an owner-occupant plus rental model. In Burnet County, where buyers often weigh lifestyle use against holding power, that kind of built-in flexibility carries weight.
For school path, the home is in Marble Falls ISD, with Highland Lake Elementary, Marble Falls Middle, and Marble Falls High School serving the area. With only 3 days on market, this is the kind of waterfront property that stands out less for pure size than for how efficiently it turns lake frontage, outdoor infrastructure, and occupancy flexibility into long-term positioning.
The numbers behind this insight
- Offered at
- $1,149,900
- Listed
- March 4, 2026
- Price changes
- 2, down 7.9% from $1,249,000
- Asking price per sq ft
- $574
- Property Type
- Residential
- Year Built
- 2015
- Lot Size
- 0.33 acres
- Price / Sq Ft
- $574
- HOA
- $804/year
- Pool
- Yes
Listing information last updated August 4, 2026.
Listed by ListingSpark
MLS# 9914145 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Ceiling Fan(s)
- Ceiling-High
- Granite Counters
- Entrance Foyer
- High Speed Internet
- Interior Steps
- Kitchen Island
- Low Flow Plumbing Fixtures
- Open Floorplan
- Pantry
- Primary Bedroom on Main
- Recessed Lighting
- Sound System
- Stackable W
- D Connections
- Storage
- Two Primary Closets
- Wired for Data
- Wired for Sound
- Cooktop
- Dishwasher
- Dryer
- Microwave
- Free-Standing Electric Range
- Refrigerator
- Washer
- Electric Water Heater
- Carpet
- Concrete
- Marble
- Tile
- Wood
- Heating
- Central,Electric,Exhaust Fan
- Cooling
- Central Air
Exterior & Lot
- Balcony
- Boat Dock - Shared
- Boat Lift
- CCTYD
- Private Yard
- Hardi
- Plank Type
- Wood Siding
- Sprinkler - Automatic
- Perimeter
- Wood
- Slab
- Covered
- Roof
- Composition
- Lot Size
- 0.33 Acres
- Boat
- Pool
- Yes
- Lake Front
Financial
- HOA Fee
- $804 / year
- Original List Price
- $1,249,000
- Price per Sq Ft
- $574
Utilities
- Cable Connected
- Electricity Connected
- High Speed Internet
- Natural Gas Not Available
- Sewer Connected
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 1506 Hill Top DR Unit #A & E, whoever represented it.
- ActiveListed 2026Current price: $1,149,900Original list: $1,249,000MLS 9914145
- Listed · March 4, 2026$1,249,000
- Price changed · May 12, 2026$1,174,900
- Price changed · August 4, 2026$1,149,900
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $1,149,900
- Original list
- $1,249,000
- Price movement
- $99.1K reduction
- Listed / DOM
- Mar 4, 2026 · 231 days
Zoned Schools
Marble Falls ISD
Marble Falls
Marble Falls
Highland Lake
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
20% ($230K)
Adjustable assumption - not a lending recommendation.
$1,149,900
Luxury property intelligence
Keenan Market Position
A sourced read on Granite Shoals pricing, timing, and property scale. No automated valuation claim.
List price
$1,149,900
Price per sqft
$574/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
231 days
Original to current
$99.1K reduction
$1.2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 16, 2026.
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