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.
Your dock is ready to go. 500 Lakeshore Drive in Marble Falls puts you 30 seconds from launching into Lake Marble Falls, with a private boat slip and waterfront access that transforms your home into the ultimate basecamp for water-focused living. This 2,397-square-foot, five-bedroom residence on a corner lot sits directly on the water, eliminating the commute between your bed and your boat.
The home's open floor plan centers around an eat-in kitchen with quartz counters and a kitchen island, paired with a primary bedroom on the main level so you wake up steps from the water. Built-in storage, walk-in closets, and a dedicated pantry mean your gear stays organized and accessible. Tile and wood flooring throughout handle the wet, active lifestyle - no fussing over carpet when you're coming back from a morning paddle or an afternoon of lake time.
From the covered patio and rear porch, you're looking directly at your dock. The covered outdoor living space serves as your staging area: gear checks happen here, post-adventure meals get grilled here, and sunset views over the water happen here nightly. The 1965 build has been updated with modern appliances including a built-in gas range and dishwasher, plus washer-dryer in-unit so you're not wasting adventure time on laundry runs.
Marble Falls ISD schools serve the property, with Marble Falls Elementary, Middle, and High School all part of your neighborhood. The town itself sits along Highway 281, with downtown Marble Falls within walking distance for coffee, breakfast, and local dining before or after time on the water. The 0.571-acre level lot offers views across the water toward the Marble Falls bridge and surrounding lakeside development.
This is a waterfront lifestyle property priced at $1.5M, or $626 per square foot. At this price point and location, you're buying direct water access without the sprawl of larger lake properties. Your home is your launch point - the place where gear gets loaded, where families reunite after adventure, where the next trip gets planned from the porch. This is where active living meets permanent address.
The numbers behind this insight
- Offered at
- $1,295,000
- Listed
- April 17, 2026
- Price changes
- 4, down 13.7% from $1,500,000
- Asking price per sq ft
- $540
- 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
Facts & Features
Interior
- 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
- Built-In Gas Range
- Dishwasher
- Disposal
- Exhaust Fan
- Gas Range
- Refrigerator
- Washer
- Dryer
- Water Heater
- Tile
- Wood
- Heating
- Central
- Cooling
- Central Air
Exterior & Lot
- Boat Dock - Private
- Boat Slip
- Exterior Steps
- Cement Siding
- Stucco
- Corner Lot
- Level
- Open Lot
- Views
- Slab
- Covered
- Patio
- Rear Porch
- Roof
- Composition
- Lot Size
- 0.57 Acres
- Driveway
- 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.
- ActiveListed 2026Current price: $1,295,000Original list: $1,500,000MLS 1777418
- Listed · April 17, 2026$1,500,000
- Price changed · May 7, 2026$1,395,000
- Price changed · May 28, 2026$1,370,000
- Price changed · June 4, 2026$1,345,000
- 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.
- Current list
- $1,295,000
- Original list
- $1,500,000
- Price movement
- $205K reduction
- Listed / DOM
- Apr 17, 2026 · 182 days
Zoned Schools
Marble Falls ISD
Marble Falls
Marble Falls
Marble Falls
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.
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
Luxury property intelligence
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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