3721 Lakeview Dr, Cottonwood Shores, TX 78657

Newly priced at $995K with seller financing available! Exceptional opportunity to own Lake Marble Falls waterfront on approximately 1.5 acres with ~100 feet of constant-level shoreline and no HOA. Properties like this rarely come to market, and almost never with income already in place. Operating as an Airbnb Guest Favorite short-term rental, this turnkey lake retreat has generated approximately $40,000 in rental income over the past six months as a newer STR. This beautifully maintained single-story home features stunning lake views from every room, modern upgrades throughout, open-concept living, dedicated waterfront office, and expansive deck perfect for enjoying spectacular sunsets and morning coffee. The grounds make this more than a house. Mature pecan trees, privacy fencing, greenhouse, detached powered workshop, storage building, and full RV hookup provide remarkable flexibility for lake living, entertaining, hobbies, or future expansion. Just minutes from Horseshoe Bay, Marble Falls shopping, dining, and area attractions, with easy access to Austin. Waterfront living, acreage, privacy, and proven income, all in one turnkey package.

The shoreline view from 3721 Lakeview Drive commands every sightline in this 2,217 square foot Lake Marble Falls waterfront home. Built in 1982 and sited on 1.5 acres in Cottonwood Shores, the house sits elevated to capture constant panoramic water views across roughly 100 feet of no-HOA shoreline. Every room faces the lake. Windows frame the water as the primary architectural element, not the afterthought.

The covered deck is where the property's real square footage lives. This is the room where mornings and evenings happen in Cottonwood Shores. The deck extends the open floor plan beyond the stucco walls, positioning you directly above the water's edge. Sunrise coffee watching deer emerge from the tree line. Sunset drinks as light catches the surface. The vaulted ceilings inside push your eye toward those water views, while the open floorplan keeps sightlines unbroken from the kitchen island through the living space and out across the deck.

The home's orientation isn't accidental. The primary bedroom sits main floor with direct lake sightlines. The study is positioned not as an afterthought but as a functional workspace with water views during work hours - a tangible shift in how remote work feels. A dedicated office beats any coffee shop commute when your desk overlooks Marble Falls Lake. The three-car garage and detached workshop handle storage and hobbies, freeing the main living space for what matters: unobstructed views and entertaining.

At 518 dollars per square foot and priced at 1.15 million, this property delivers constant-level waterfront on 1.5 acres without HOA restrictions. Marble Falls ISD serves the area through Colt Elementary, Marble Falls Middle, and Marble Falls High School. Highway access to Marble Falls and nearby shopping takes under 15 minutes. Large pecan trees and cleared land create privacy without isolation.

The 19-day market time reflects motivated sellers moving quickly. Waterfront parcels of this size with this much usable shoreline and privacy fence seclusion don't wait. The economic case works too - short-term rental history proves the property pays for itself while serving as primary residence or weekend destination. You're buying both lifestyle and location advantage in one of the few remaining undeveloped lakefront corridors in the Hill Country.