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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Experience lakeside living at its finest in this beautifully updated waterfront home in Marble Falls, TX. Boasting 5 spacious bedrooms and 3 full bathrooms, this residence is designed for comfort and style, featuring modern finishes, relaxing colors, and breathtaking views of Lake Marble Falls.
Step outside onto the expansive deck, perfect for relaxing, entertaining, or enjoying a sunrise over the water. The property includes a private boat dock, offering easy access to water activities, fishing, and boating adventures. The lush landscape and panoramic lake vistas create a serene backdrop for everyday life or weekend retreats.
Located in the charming town of Marble Falls and in view of the Marble Falls bridge and the new Ophelia Hotel, this home combines scenic beauty with convenience. Walk to Downtown Marble Falls for shopping, dining and live music. Whether you're looking for a permanent residence, weekender, or short-term rental opportunities, this property provides incredible potential for both lifestyle and investment.
View the comprehensive Marble Falls development plan to understand the incredible potential of this property! Don’t miss the opportunity to own this exceptional lakeside retreat — a perfect blend of luxury, location, and stunning natural surroundings.
Property Type
Residential
Year Built
1965
Lot Size
0.57 acres
$/Sq Ft
$572
Garage
8 spaces
Listed by Carlene Bond, Broker
Verified property facts
500 Lakeshore DR is listed at $1,370,000 with 5 bedrooms, 3 full bathrooms, 2,397 square feet, 0.57-acre lot. This places it above the 78654 median of $1,325,000.
500 Lakeshore 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.
500 Lakeshore DR is a Residential built in 1965 featuring 5 bedrooms, 3 full bathrooms, 2,397 square feet, 0.57-acre lot.
500 Lakeshore 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 500 Lakeshore DR is $25,318. 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
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Waterfront
Price Change with current price, original ask, and market time.
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% ($274K)
$1,370,000
Luxury property intelligence
A sourced read on Marble Falls City pricing, timing, and property scale. No automated valuation claim.
List price
$1,370,000
Price per sqft
$572/sqft
Vs. Marble Falls City median
Not available
Days on market
45 days
Original to current
$130K reduction
$1.5M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 31, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
With 20% down ($274,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 500 Lakeshore DR is around $9,218 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $1,370,000, 500 Lakeshore DR is in the Marble Falls City 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.
500 Lakeshore DR was built in 1965 (61 years ago). Buyers should budget for potential updates to major systems.
500 Lakeshore DR includes verified waterfront access: Canal Front,Lake Front,Waterfront. Buyers should confirm shoreline, dock rights, and floodplain status during due diligence.
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
Current Price
$1,370,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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