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Where lake life meets quiet opulence, Oleander is not just a home.... It's a private waterfront estate that rewrites the standard for Shady Acres. Set on an extraordinary 205 feet of channel frontage, this single-story retreat stretches out with intention and confidence. Inside, an expansive living room opens to walls of windows that frame the water like living art. It's the kind of space that doesn't just host people.... it gathers them.
The kitchen is built for serious culinary firepower: a chef's propane range, dual dishwashers, and the kind of flow that keeps everything seamless when entertaining. Tucked behind it, a fully equipped baker's kitchen adds a second layer of function with additional appliances, storage, and prep space. The primary suite is its own sanctuary. Fireplace lit, doors open to the pool, and a bathroom that leans into luxury with a clawfoot tub, walk-in shower, dual vanities, and seated make-up area. Even the closet complete with washer and dryer hook-ups that keep life effortlessly contained.
Step outside and the tone shifts from refined to resort. An oversized 12-foot-deep pool with a waterfall becomes the centerpiece, framed by swaying palms and a rare sandy lounge area. Two firepits anchor the massive patio, from there, the property flows down to the water and is designed to be experienced, not just admired. The pool house delivers the lifestyle with its own bedroom, living space, kitchenette, and full bath. A detached two-car garage with three additional storage rooms handles everything behind the scenes. At the shoreline, a covered hydraulic boat slip with a fully automated enclosure and 2 jet ski lifts makes getting on the water effortlessly.
Every inch of this 4183 sq ft estate has been curated with intention-from the fountain-lined front approach to the lush, high-end landscaping that wraps the entire property in color and texture. This isn't a "nice home" in the neighborhood. This is the one everything else is compared to.
Property Type
Residential
Year Built
1970
Lot Size
0.60 acres
$/Sq Ft
$603
HOA
$200/mo
Garage
7 spaces
Pool
Yes
Listed by MCM Land Company LLC
Verified property facts
311 Oleander DR is listed at $2,499,000 with 4 bedrooms, 2 full, 1 half bathrooms, 4,143 square feet, 0.60-acre lot. This places it above the 78654 median of $1,325,000.
311 Oleander 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.
311 Oleander DR is a Residential built in 1970 featuring 4 bedrooms, 2 full, 1 half bathrooms, 4,143 square feet, 0.60-acre lot.
311 Oleander 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 311 Oleander DR is $363,199. 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
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Listing timeline 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 |
|---|---|---|---|---|
2025-23.4% | — | $778,678 | — | — |
2024-7.4% | — | $1,017,185 | $800,000 | $112,283 |
2023+43.0% | — | $1,098,446 | $800,000 | $217,185 |
2022+28.0% | — | $768,100 | $800,000 | $298,446 |
2021 | — | $600,000 | $450,000 | $318,100 |
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% ($500K)
$2,499,000
Luxury property intelligence
A sourced read on Shady Acres pricing, timing, and property scale. No automated valuation claim.
List price
$2,499,000
Price per sqft
$603/sqft
Vs. Shady Acres median
Not available
Days on market
9 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 May 31, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($499,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 311 Oleander DR is around $43,233 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,499,000, 311 Oleander DR is in the Shady Acres 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.
311 Oleander DR was built in 1970 (56 years ago). Buyers should budget for potential updates to major systems.
311 Oleander DR includes verified waterfront access: Canal Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
311 Oleander DR sits on a 0.60-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.
311 Oleander DR is part of a managed community with HOA dues of $200 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.
5 events on record
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025-23.4% | — | $778,678 | — | — |
2024-7.4% | — | $1,017,185 | $800,000 | $112,283 |
2023+43.0% | — | $1,098,446 | $800,000 | $217,185 |
2022+28.0% | — | $768,100 | $800,000 | $298,446 |
2021 | — | $600,000 | $450,000 | $318,100 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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