
3 bed, 2 bath, 2,259 sqft on 0.50 acres in Highland Haven. Highland Haven, TX 78654. $997,000. Marble Falls ISD.
PENDING - ACCEPTING BACK UP OFFERS **** Updated price improvement**** Now Below Appraised Value*****Welcome to your dream lakefront retreat in the coveted city of Highland Haven on Lake LBJ! This stunning 3-bedroom, 2-bathroom home has been completely remodeled with modern finishes and thoughtful design, offering the perfect blend of comfort and convenience. Step inside to a bright and spacious layout that maximizes both flow and function. The open-concept living area features breathtaking lake views and flows seamlessly into a fully updated kitchen, complete with premium appliances, sleek countertops, and ample storage. Recently enclosed garage (additional approx. 506 sq. ft) is currently being used as an office and home gym but would make an awesome man cave, hobby room, game room, or additional living room. It can also be converted back to a garage easily with a new garage door. Walk out of this single-story home and the gently sloped back yard takes you to the 2-stall boat house /workshop complete with boat slip, double jet ski slip and large storage area that can hold all your favorite water toys and floats. The wide cove gives a scenic view of open water.
The moment you cross the threshold at 206 E Pheasant Road in Highland Haven, you leave the everyday behind. This 2,259-square-foot lakefront home sits on half an acre where Lake LBJ dominates the view from your back porch, and the water access through a private boat slip transforms weekend mornings into something altogether different from standard suburban living.
Highland Haven itself exists in that rare category of Hill Country communities where privacy isn't a marketing term but a practical reality. The neighborhood clusters homes along Lake LBJ's shoreline, meaning your neighbors aren't measured in feet but in boat distances. You're 30 minutes from downtown Austin when you need the city, yet the moment you step outside, the lake and wooded landscape create genuine isolation. The primary bedroom sits on the main floor with direct access to the rear porch and yard, positioning you to wake up and walk directly toward the water.
The home's bones date to 1983, but the recent renovation stripped away the decades. The open-concept kitchen anchors the living space with granite counters, stainless steel appliances including a double oven, and a kitchen island that handles both cooking and gathering. Recessed lighting and an eat-in breakfast bar define the modern efficiency here. Walk-in closets in the primary suite and carpet, tile, and wood flooring throughout create functional zones without walls cutting up the view lines.
What separates this property is the half-acre lot itself and what it connects to. The gently sloping yard descends to a two-slip boat house with a boat lift, double jet ski slip, and workshop storage. This isn't a dock-box situation. This is dedicated water-access infrastructure for actual use. The enclosed garage adds approximately 506 square feet and currently functions as office and gym space, but the flexibility to reconvert or repurpose it gives you options most lake properties don't offer.
The Marble Falls Independent School District serves Highland Haven, with Marble Falls Elementary, Middle, and High School handling the K-12 pipeline for families in the area. At $509 per square foot, this positions as solid value for waterfront Lake LBJ access with private boat infrastructure and genuine seclusion. The days-on-market reading of zero reflects the scarcity of lakefront homes that combine proximity to Austin with authentic privacy and functional water recreation.
Verified property facts
206 E Pheasant RD is listed at $997,000 with 3 bedrooms, 2 full bathrooms, 2,259 square feet, 0.50-acre lot.
206 E Pheasant RD is zoned for Marble Falls ISD with assigned schools: Marble Falls (elementary), Marble Falls (middle), Marble Falls (high). School assignments should be verified directly with the district.
206 E Pheasant RD is a Residential built in 1983 featuring 3 bedrooms, 2 full bathrooms, 2,259 square feet, 0.50-acre lot.
206 E Pheasant RD is listed by D Green & Associates. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 1, 2026.
The most recent annual property tax for 206 E Pheasant RD is $13,087. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
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1 record on file
Every recorded listing, sale, and lease at 206 E Pheasant RD, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Pending with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-19.0% | — | $311,236 | — | — |
2024+4.0% | — | $384,229 | $200,000 | $144,063 |
2023+46.5% | — | $369,400 | $275,000 | $109,229 |
2022+18.6% | — | $252,103 | $275,000 | $94,400 |
2021 | — | $212,493 | $125,000 | $127,103 |
Marble Falls ISD
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% ($199K)
Adjustable assumption - not a lending recommendation.
$997,000
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List price
$997,000
Price per sqft
$441/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
120 days
Original to current
$153K reduction
$1.2M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 1, 2026.
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This page does not assume a mortgage rate or publish a monthly payment for 206 E Pheasant RD. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 1, 2026, 206 E Pheasant RD is offered at $997,000. The current MLS snapshot shows 177 active listings in 78654. Keenan Group has completed 1 verified transactions in 78654 within its 1,000+ completed transactions and $1B+ career volume across Austin.
206 E Pheasant RD was built in 1983 (43 years ago). Buyers should budget for potential updates to major systems.
The MLS listing marks 206 E Pheasant RD as waterfront. The reported waterfront feature is Lake Front, Lake Privileges, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
9 events on record
Current Price
$997,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-19.0% | — | $311,236 | — | — |
2024+4.0% | — | $384,229 | $200,000 | $144,063 |
2023+46.5% | — | $369,400 | $275,000 | $109,229 |
2022+18.6% | — | $252,103 | $275,000 | $94,400 |
2021 | — | $212,493 | $125,000 | $127,103 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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