348 Chimney Cove Dr, Marble Falls, TX 78654

Absolutely charming unique property on Lake Travis in the quiet gated community of Chimney Cove Estates. Just 13 miles East of Marble Falls, this property is capable of comfortably accommodating a group of 16 people, this property consist of seven tree shaded acres with five bedrooms, three full bathrooms and two half bathrooms. The main house consist of the master bedroom with private full bath, two guest bedrooms, full bath in hallway, inside laundry room, full kitchen with stainless steel appliances, gas cooktop, gas fireplace, screened in porch, surround sound and an upstairs loft with panoramic Hill Country views of Lake Travis. The spacious detached three bay garage has high ceilings and a half bath with a two bedroom guest house above. The guest house features a wraparound partially covered deck, a full kitchen, dining space, living area and two bedrooms with a shared hall full bathroom.

Seven waterfront acres on Lake Travis is the defining advantage at 348 Chimney Cove Dr, especially in Marble Falls where privacy, land, and water access carry real weight in long-term value. In Marble Falls ISD, with Colt Elementary and Marble Falls High School in the district path, this Burnet County property combines a scale of land that is hard to replicate with a 3,215 square foot residential layout built in 2013 and priced at $1.45M, or $451 per square foot.

The house is configured for buyers who need both everyday function and overflow capacity. Across five bedrooms, three full baths, and two half baths, the property is set up to handle a larger household or frequent guests without forcing every use into a single structure. The main house includes the primary suite, additional guest bedrooms, the central living areas, and a screened porch that extends the usable footprint. Stainless steel appliances, a gas cooktop, and a gas fireplace keep the core living spaces practical and durable rather than ornamental. An upstairs loft is positioned to take in Hill Country and Lake Travis views, which matters because view corridors and elevation can be as important as raw acreage in this part of the market.

The detached garage structure adds another layer of utility. A three-bay garage with high ceilings and a half bath is paired with a guest house above, including its own kitchen, dining area, living space, two bedrooms, a shared full bath, and a wraparound partially covered deck. That separation creates flexibility for multigenerational use, long-stay visitors, or owners who want a clearer divide between private and guest space. A four-car garage count in the listing also adds value for buyers who prioritize vehicle storage, lake equipment, or workshop capacity.

With 48 days on market, the property sits in a range where buyers can evaluate it against other waterfront offerings with a clear lens: acreage, detached guest accommodations, gated community setting, and a Lake Travis position just east of Marble Falls. For a buyer focused on usable land, layered living arrangements, and waterfront scarcity rather than purely cosmetic appeal, this is the kind of holding that can continue to make sense both as a retreat and as a long-term family asset.