#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024
Award-winning custom waterfront estate on 7.511 acres in the exclusive gated community of Chimney Cove Estates on Lake Travis. Completed in 2009 and recipient of the People’s Choice Award in the 2010 Parade of Homes, this extraordinary property blends luxury, privacy, and exceptional engineering approximately one hour from downtown Austin.
Designed for entertaining and everyday comfort, the home features soaring ceilings, cove lighting, whole-home sound system, three indoor gas fireplaces, stained glass bathroom windows, plantation shutters, and walls of windows capturing breathtaking lake views. The gourmet kitchen is equipped with a Wolf 48” dual fuel range, SubZero refrigerator, beverage cooler, ice maker, walk-in pantry, butler’s pantry, and abundant pull-out storage throughout. Dedicated study offers optional 4th bedroom potential with adjoining office space suitable for future closet conversion.
The luxurious primary suite offers spa-like amenities, private outdoor spa access, and an exceptional ensuite retreat overlooking the water. Outdoor living is equally impressive with electric sunshades, outdoor kitchen, wood-burning fireplace, and resort-style entertaining spaces designed to embrace the lakefront setting.
Built with remarkable attention to safety and efficiency, the property includes stone construction, spray foam insulation, fire suppression systems, lightning rods, LED lighting, 4 tankless water heaters, and new metal roofs installed in 2024. Garages accommodate five vehicles including EV charging capability, plus a 44’ x 40’ barn with drive-through access and RV hookups.
Extensive water infrastructure includes lake water and rainwater purification systems with over 37,000 gallons of storage, ozone purification, hydro-lift dock, wave runner lift, Trex decking, and stainless-steel anchor system designed to adjust with lake levels. Private, gated, and meticulously crafted for elevated Texas lakefront living just minutes from Marble Falls.
Property Type
Residential
Year Built
2009
Lot Size
7.51 acres
$/Sq Ft
$500
Garage
12 spaces
Listed by eXp Realty, LLC
Verified property facts
259 Chimney Cove DR is listed at $2,475,000 with 3 bedrooms, 4 full, 1 half bathrooms, 4,949 square feet, 7.51-acre lot. This places it above the 78654 median of $1,325,000.
259 Chimney Cove DR 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.
259 Chimney Cove DR is a Residential built in 2009 featuring 3 bedrooms, 4 full, 1 half bathrooms, 4,949 square feet, 7.51-acre lot.
259 Chimney Cove DR is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 259 Chimney Cove DR is $37,811. 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listing timeline with current price, original ask, and market time.
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% ($495K)
$2,475,000
Luxury property intelligence
A sourced read on Chimney Cove Estates pricing, timing, and property scale. No automated valuation claim.
List price
$2,475,000
Price per sqft
$500/sqft
Vs. Chimney Cove Estates median
Not available
Days on market
53 days
Original to current
No verified reduction
$2.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 1, 2026.
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Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($495,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 259 Chimney Cove DR is around $15,993 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,475,000, 259 Chimney Cove DR is in the Chimney Cove Estates market where there are currently 187 active listings in 78654. The Keenan Group has completed 1 transactions in 78654 as part of 1,000+ career sales totaling $1B+ across Austin.
259 Chimney Cove DR includes verified waterfront access: Lake Front. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
259 Chimney Cove DR sits on a 7.51-acre lot, providing substantial outdoor living space. Properties of this scale in Austin's luxury market typically feature pool areas, outdoor kitchens, and mature landscaping. Confirm specific amenities with the listing agent.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
5 events on record
Current Price
$2,475,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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