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Six acres. Over 850 feet of Lake Travis shoreline. Gated privacy. Views that won’t disappear. This is the kind of waterfront property buyers wait for—and rarely find. Located inside the gated community of Chimney Cove Estates, this 6-acre tract delivers massive shoreline, long-range views, and the flexibility to build something truly special. When lake levels are full, deep water reaches up to 20 feet along the shoreline, creating the kind of reliable access that defines premium Lake Travis living. Even at lower elevations, the water still reaches the property line, keeping the connection to the lake intact. The groundwork is already in motion. A 700+ foot driveway has been cleared, a culvert is installed, and large portions of the property sit safely outside FEMA and LCRA floodplains—giving you room to build with confidence. Custom home plans designed specifically for this property are available, allowing you to move forward faster and skip the early design phase. What truly sets this property apart is the permanence of the setting. The land across the water sits within protected floodplain, preserving your panoramic views and preventing future development from crowding the shoreline. Instead, your daily backdrop includes open water, rolling hills, and even the occasional sight of roaming longhorns grazing nearby—qualifying the property for an agricultural exemption. Ownership here also includes access to the private community lake park with boat ramp and dock, making launching and exploring the lake simple and convenient. And while the property feels private and tucked away, you’re still within easy reach of adventure and everyday essentials—just minutes to Hidden Falls Adventure Park, Marble Falls, and Lago Vista. This isn’t just lake property. It’s scale, privacy, and long-term value—positioned on one of the most impressive stretches of Lake Travis shoreline.
Property Type
Land
Lot Size
6.03 acres
HOA
$750/mo
Listed by Keller Williams Heritage
Property Details
Lot Features
Verified property facts
281 Chimney Cove Dr is zoned for Marble Falls ISD with assigned schools: Colt (elementary), Marble Falls (middle), Marble Falls (high). School assignments should be verified directly with the district.
281 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 281 Chimney Cove Dr is $6. 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.
With 20% down ($70,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 281 Chimney Cove Dr is around $1,817 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Chimney Cove Estates
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% ($70K)
$350,000
Luxury property intelligence
A sourced read on Chimney Cove Estates pricing, timing, and property scale. No automated valuation claim.
List price
$350,000
Price per sqft
Not available
Vs. Chimney Cove Estates median
Not available
Days on market
45 days
Original to current
No verified reduction
$350K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
At $350,000, 281 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.
281 Chimney Cove Dr includes verified waterfront access. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
281 Chimney Cove Dr is part of a managed community with HOA dues of $750 annually. HOA-managed communities in Austin's luxury market typically provide amenities such as common areas, security, and exterior maintenance. Verify current dues and rules with the HOA directly.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
1 event on record
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.
Active listings near 281 Chimney Cove Dr
Recent sales for market context