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Keenan Group#1 Austin Board of Realtors Team 2024
500 Lakeshore DR, photo 1 of 40, Marble Falls, Marble Falls, TX
Active

$1,295,000

5Beds
3Baths
2,397Sq Ft
0.57 acresLot

500 Lakeshore Dr, Marble Falls, TX 78654

Reduced 14%$1,500,000
Marble Falls·MLS# 1777418·Built 1965·182 days on market

5 bed, 3 bath, 2,397 sqft on 0.57 acres in Marble Falls. Marble Falls, TX 78654. $1,295,000. Marble Falls ISD.

About This Home

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
Price / Sq Ft
$540

Listing information last updated July 27, 2026.

Listed by Carlene Bond, Broker

MLS# 1777418 • Active

IDX inquiries: Keenan Group at Compass · (512) 415-7653

Highlights

Generous 0.57-acre lot
Breakfast Bar
Built-in Features
Ceiling Fan(s)
Quartz Counters
Double Vanity

Facts & Features

Interior

Features

  • Breakfast Bar
  • Built-in Features
  • Ceiling Fan(s)
  • Quartz Counters
  • Double Vanity
  • Eat-in Kitchen
  • Kitchen Island
  • No Interior Steps
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Storage
  • Walk-In Closet(s)
  • Wired for Data

Appliances

  • Built-In Gas Range
  • Dishwasher
  • Disposal
  • Exhaust Fan
  • Gas Range
  • Refrigerator
  • Washer
  • Dryer
  • Water Heater

Flooring

  • Tile
  • Wood
Heating
Central
Cooling
Central Air
Exterior & Lot

Features

  • Boat Dock - Private
  • Boat Slip
  • Exterior Steps

Construction

  • Cement Siding
  • Stucco

Lot Features

  • Corner Lot
  • Level
  • Open Lot
  • Views

Foundation

  • Slab

Patio / Porch

  • Covered
  • Patio
  • Rear Porch
Roof
Composition
Lot Size
0.57 Acres

Parking

  • Driveway

Waterfront

  • Canal Front
  • Lake Front
  • Waterfront
Financial
Original List Price
$1,500,000
Price per Sq Ft
$540
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Water Source
Public
Sewer
Public Sewer

Transaction History

1 record on file

Every recorded listing, sale, and lease at 500 Lakeshore DR, whoever represented it.

  1. ActiveListed 2026
    Current price: $1,295,000Original list: $1,500,000MLS 1777418
    1. Listed · April 17, 2026$1,500,000
    2. Price changed · May 7, 2026$1,395,000
    3. Price changed · May 28, 2026$1,370,000
    4. Price changed · June 4, 2026$1,345,000
    5. Price changed · June 18, 2026$1,295,000

Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.

Price & Listing History

Price Change with current price, original ask, and market time.

View Timeline
Current list
$1,295,000
Original list
$1,500,000
Price movement
$205K reduction
Listed / DOM
Apr 17, 2026 · 182 days
Map showing 500 Lakeshore DR
500 Lakeshore DR
Directions

Zoned Schools

Marble Falls ISD

1 High School1 Middle School1 Elementary School

Marble Falls

High SchoolGrades 9-12Zoned assignment

Marble Falls

Middle SchoolGrades 6-8Zoned assignment

Marble Falls

ElementaryGrades K-5Zoned assignment

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.

Principal & interest
$7,173

Excluded from this estimate: property taxes, home insurance, and HOA dues. Each requires verified amount, cadence or unit, source, and as-of details.

20% ($259K)

Adjustable assumption - not a lending recommendation.

$1,295,000

Loan: $1.0M
Mortgage rate%
Payoff: ~2056
Rate source: Freddie Mac 30-year fixed average (PMMS via FRED), as of 2026-10-15
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Keenan Market Position

A sourced read on Marble Falls pricing, timing, and property scale. No automated valuation claim.

List price

$1,295,000

Price per sqft

$540/sqft

Vs. Neighborhood guide reference price

Not available

Days on market

182 days

Original to current

$205K reduction

$1.5M original

Active inventory context

Ask for current inventory

Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.

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Verified property facts

Frequently Asked Questions

How much is 500 Lakeshore Dr?

500 Lakeshore Dr is listed at $1,295,000 with 5 bedrooms, 3 full bathrooms, 2,397 square feet, 0.57-acre lot. This places it above the ZIP 78654 single-family closed-sale median price of $380,000 (ZIP 78654 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 15, 2026).

What school district is 500 Lakeshore Dr in?

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.

What are the property details for 500 Lakeshore Dr?

500 Lakeshore Dr is a Residential built in 1965 featuring 5 bedrooms, 3 full bathrooms, 2,397 square feet, 0.57-acre lot.

What are the property taxes for 500 Lakeshore Dr?

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.

How should a buyer estimate the monthly payment for 500 Lakeshore Dr?

This page does not assume a mortgage rate or publish a monthly payment for 500 Lakeshore Dr. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.

How does 500 Lakeshore Dr compare with other homes in Marble Falls?

As of Oct 15, 2026, 500 Lakeshore Dr is offered at $1,295,000. The current MLS snapshot shows 188 active listings in 78654. Keenan Group has completed 1 verified transactions in 78654 within its 1,000+ completed transactions and $1B+ career volume across Austin.

When was 500 Lakeshore Dr built?

500 Lakeshore Dr was built in 1965 (61 years ago). Buyers should budget for potential updates to major systems.

What is the water access at 500 Lakeshore Dr?

The MLS listing marks 500 Lakeshore Dr as waterfront. The reported waterfront feature is Canal Front, Lake Front, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.

Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.

Why Choose the #1 Austin Board Team for Marble Falls

#1 ABoR Team 20241,000+ Career SalesCompass Luxury Collection Specialist

#1 Austin Board of Realtors Team. 1,000+ homes sold and $1B+ in career sales over 25+ years in Austin.

25+ years advising buyers and sellers in this community

Unlock MLSMLS GRID

Listing courtesy of Unlock MLS as distributed by MLS GRID. Information deemed reliable but not guaranteed. Neither the listing broker nor Compass RE Texas, LLC shall be responsible for any typographical errors, misinformation, or misprints.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS, as amended from time to time.

Based on information submitted to MLS GRID as of 10/15/2026, 6:07:16 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Last updated: 10/15/2026, 6:07:16 PM

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