
Offering a 1/6 deeded ownership interest (Tenants in Common) in this exceptional Lake LBJ waterfront residence. List price reflects the purchase price of one fractional ownership share only, approximately $350,000, and does not represent ownership of the entire property. Cash purchase required. Financing for fractional ownership is generally limited.
Enjoy approximately eight weeks of exclusive annual use through a professionally managed rotating reservation schedule. Ownership includes a deeded 1/6 undivided interest in this beautifully appointed waterfront home, designed for effortless enjoyment and low-maintenance ownership.
Located in the desirable Shady Acres community, this stunning single-story residence offers approximately 205 feet of protected channel frontage with quick access to open water. The thoughtfully designed floor plan features expansive open living spaces, a chef’s kitchen with a propane range, dual dishwashers, and a separate baker’s kitchen, making it ideal for entertaining. The spacious primary suite includes a fireplace, dual vanities, a clawfoot soaking tub, separate walk-in shower, oversized walk-in closet, and direct access to the resort-style pool. A detached guest casita with a living area, kitchenette, bedroom, and full bath provides additional privacy for family and guests.
Outdoor amenities include a resort-style pool with waterfall, multiple fire pit seating areas, covered patio, hydraulic boat slip with automated enclosure, two jet ski lifts, and beautifully landscaped grounds designed to maximize lake living.
Ownership is professionally supported by a concierge and property management team, providing a true lock-and-leave lifestyle. Contact listing agent for complete ownership details, operating expenses, reservation schedule, and fractional ownership information.
Property Type
Residential
Year Built
1970
Lot Size
0.60 acres
$/Sq Ft
$531
HOA
$200/mo
Garage
2 spaces
Pool
Yes
Listed by MCM Land Company LLC
Verified property facts
311 Oleander DR is listed at $2,199,000 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
1 record on file
Every recorded sale and lease at 311 Oleander DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
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 | — | $660,309 | $411,190 | $306,509 |
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% ($440K)
$2,199,000
Luxury property intelligence
A sourced read on Shady Acres pricing, timing, and property scale. No automated valuation claim.
List price
$2,199,000
Price per sqft
$531/sqft
Vs. Shady Acres median
Not available
Days on market
91 days
Original to current
$300K reduction
$2.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Aug 21, 2026.
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#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($439,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 311 Oleander DR is around $41,677 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $2,199,000, 311 Oleander DR is in the Shady Acres market where there are currently 180 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.
1 event on record
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2025 | — | $660,309 | $411,190 | $306,509 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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