401 Crestview Dr, Marble Falls, TX 78654

Perched above Lake Marble Falls in a quiet, laid-back area of town, this rare 1.67-acre dual-lot property offers the perfect blend of relaxed lake living and unmatched versatility for entrepreneurs, investors, and outdoor enthusiasts. This unique, in-town opportunity features 3 different structures for future flexibility. The main home, with quaint 1950s charm, features 4 bedrooms, 3.5 baths, two spacious living areas, and outdoor spaces with panoramic lake and Hill Country views. Primary and secondary bedroom suites are located on the main floor, while the lower level includes two additional bedrooms and a game room. Near the main home, a modern two-story structure could act as a guest home with an upstairs apartment and deck with incredible views. Downstairs is a converted garage bunkroom with a kitchenette and bath, offering flexible accommodations for guests, extended stays, or short-term rentals. Adjacent to the main house, the third structure spans approximately 3000 SF with 2100 SF of fully insulated and heated/cooled garage, including a half bath and large spaces for equipment storage or all the hobby areas you need! This building adds extraordinary functionality rarely found on the lake and in town. It is ready to be a workshop, office, exercise room, additional parking, etc. A golf cart path winds down to a private single-slip boat dock with a party deck and storehouse, creating effortless access to days on the water. Enjoy the structures as they stand, or plan your own custom build. All this plus convenience to shopping, restaurants, and necessities in Marble Falls. Less than half a mile to Bluebonnet Cafe, a half mile to Main Street and live music at Old Oak Square, and only 1.3 miles from HEB. City utilities. Short-term rentals are allowed with registration with the City. Nothing like it elsewhere on the lake at this price point. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

The moment you step onto the 1.67-acre property at 401 Crestview Drive in Marble Falls, you understand what waterfront living means - a private boat dock with party deck sits 200 feet below the main home, connected by a golf cart path that transforms your commute from kitchen to water into a daily ritual of transition. The slope of the land here works in your favor, creating natural separation between your living spaces and the lake's edge while ensuring unobstructed views across Lake Marble Falls toward the Hill Country horizon.

This 1950s-built home on the corner lot in the Rippy-Baker subdivision delivers 5 bedrooms and 5 full bathrooms across 5,184 square feet, priced at $2.4 million ($463 per square foot). The main floor holds the primary bedroom suite with soaking tub and walk-in closet, alongside a secondary bedroom suite - a deliberate design choice that keeps guest accommodations separate from private retreats. Two additional bedrooms anchor the lower level, which opens to a game room with direct sightlines toward the water. Stone and HardiPlank exterior construction pairs with a 7-car garage, concrete and wood flooring, and stainless steel appliances including a gas cooktop and built-in oven.

What truly distinguishes 401 Crestview is the three-structure flexibility. Beyond the main residence sits a two-story guest home with upstairs apartment and viewing deck, plus a converted garage bunkroom featuring kitchenette and bath. The largest addition spans 3,000 square feet with 2,100 square feet of fully insulated, climate-controlled garage space - effectively a blank canvas for workshop, office, equipment storage, or hobby space. The covered decks and porches layer outdoor living throughout the property, each framing different angles of the lake and private yard.

The location matters. Marble Falls ISD serves the property through Colt Elementary, Marble Falls Middle, and Marble Falls High School. The Bluebonnet Cafe sits less than half a mile away on Main Street, where Old Oak Square hosts live music venues. HEB is 1.3 miles distant. City utilities service the property, and short-term rentals are permitted with city registration - a detail that matters for the investor or entrepreneur seeking diversified income from a lake property.

This boat-dock-included waterfront sits in a town that moves deliberately, where the water's edge becomes your front door and the Hill Country rhythm sets your pace.