4 bed, 2 bath, 4,143 sqft on 0.60 acres in Marble Falls. Marble Falls, TX 78654. $350,000. Marble Falls ISD.
About This Home
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.
- Property Type
- Residential
- Year Built
- 1970
- Lot Size
- 0.60 acres
- Price / Sq Ft
- $84
- HOA
- $200/year
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated October 9, 2026.
Listed by MCM Land Company LLC
MLS# 5525989 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- 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)
- Built-In Gas Oven
- Dishwasher
- Disposal
- ENERGY STAR Qualified Dryer
- ENERGY STAR Qualified Washer
- Free-Standing Freezer
- Microwave
- Double Oven
- Propane Cooktop
- Refrigerator
- Tile
- Heating
- Central
- Cooling
- Ceiling Fan(s),Central Air
- Fireplaces
- 1
Exterior & Lot
- Boat Dock - Private
- Boat Lift
- Boat Slip
- Exterior Steps
- Private Entrance
- Private Yard
- Brick
- Stone
- Back Yard
- Few Trees
- Front Yard
- Level
- Native Plants
- Private
- Sprinklers In Rear
- Sprinklers In Front
- Trees-Medium (20 Ft - 40 Ft)
- Waterfall
- Back Yard
- Fenced
- Full
- Gate
- Wood
- Wrought Iron
- Slab
- Patio
- Rear Porch
- Side Porch
- Roof
- Shingle
- Lot Size
- 0.60 Acres
- Detached
- Driveway
- Garage
- Garage Door Opener
- Garage Faces Front
- Kitchen Level
- Paved
- Private
- Garage Spaces
- 2
- Pool
- Yes
- Canal Front
- Waterfront
Financial
- HOA Fee
- $200 / year
- Original List Price
- $350,000
- Price per Sq Ft
- $84
Utilities
- Electricity Connected
- Propane
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Aerobic Septic,Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 311 Oleander DR, whoever represented it.
- ActiveListed 2026Current price: $350,000Original list: $350,000MLS 5525989
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Listing timeline with current price, original ask, and market time.
- Current list
- $350,000
- Original list
- $350,000
- Price movement
- No verified reduction
- Listed / DOM
- Sep 4, 2026 · 47 days
Tax Record
Public record data from county appraisal records. Market value can differ from assessed value.
- Assessed Value
- $461,502
- Assessment Year
- 2025
- Year Built
- 2024
- Parcel ID
- R-14-1148-020K-K016
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-12.5% | — | $403,810 | $82,000 | $321,810 |
2025 | — | $461,502 | $89,000 | $372,502 |
Zoned Schools
Marble Falls ISD
Marble Falls
Marble Falls
Marble Falls
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)
Adjustable assumption - not a lending recommendation.
$350,000
Luxury property intelligence
Keenan Market Position
A sourced read on Marble Falls pricing, timing, and property scale. No automated valuation claim.
List price
$350,000
Price per sqft
$84/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
47 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 Oct 16, 2026.
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