
4 bed, 4 bath, 2,906 sqft on 0.29 acres in Granite Shoals. Granite Shoals, TX 78654. $2,250,000. Marble Falls ISD.
Positioned on a scenic peninsula on Lake LBJ, this exceptional lakefront home offers breathtaking water views in nearly every direction and an ideal blend of luxury and relaxed lake living. Thoughtfully designed with modern finishes and located just minutes from shopping and dining in Marble Falls, this gated property provides both privacy and convenience. Inside, rich wood flooring and elegant crown molding complement the well-appointed interior. The main living area features a marble-surround fireplace and dramatic 20-foot Fleetwood sliding doors that open seamlessly to outdoor living and expansive lake views. The spacious island kitchen is perfect for gathering and entertaining with friends and family. The main-level primary suite offers a private lakeside retreat with patio access, dual sinks, and a walk-in closet. Upstairs, comfortable guest suites provide privacy for family and visitors, along with a sunlit “Bird’s Nest” lookout room that works beautifully as a study, studio, or reading retreat. The lower level is designed for entertaining and recreation, featuring a large conditioned 1,200-square-foot multi-use space with four glass garage doors and a full bath—ideal as a game room, second living area, or open-air lounge after a day on the water. Outside, enjoy exceptional waterfront living with a large boat dock offering a slip with electric lift, PWC ramps, and spacious lakeside seating areas. Offered fully furnished with a few exclusions, creating a true turnkey opportunity on Lake LBJ.
513 Oleander Drive in Granite Shoals sits on a peninsula jutting into Lake LBJ, giving you water access in nearly every direction from this 2,906-square-foot lakefront home built in 2020. This is your basecamp for serious water time.
The boat dock setup is built for action. You get a private slip with electric lift, PWC ramps, and room to tie up multiple watercraft. Launch in minutes and stay out as long as you want. The home itself backs directly onto the water, so you're loading gear, fueling up, and pushing off without the logistics nightmare of a public launch.
Inside, the design flows for people who live outside. Twenty-foot Fleetwood sliding doors open the main living area directly onto lake views and outdoor patio space. The kitchen island gives you a command center for meal prep before heading out or fueling up after a full day. Four full baths and one half bath mean the crew can get ready without bottlenecking. The primary suite sits on the main level with patio access, so you can step straight out to water views. Upstairs, guest suites and a "Bird's Nest" lookout room give your crew space to crash.
Storage matters when you're an active household. The 4-car garage covers your vehicles, the lower-level 1,200-square-foot conditioned space works as a game room or second living area when weather pulls you inside, and built-in storage throughout keeps gear organized. Quartz counters, stainless steel appliances, and smart thermostat mean you're not fighting the house. It just works.
Located in Granite Shoals subdivision, 513 Oleander sits in the Marble Falls ISD zone. Marble Falls downtown is minutes away for dining and shopping when you need it, but the cul-de-sac lot keeps things quiet and private. The 0.289-acre property is landscaped and level, with automatic sprinklers handling the maintenance so you're not stuck doing yard work when conditions are good on the water.
At $2.30M ($791 per square foot), this is a waterfront property built for people who measure their weekends in hours on the lake, not errands run.
Verified property facts
513 Oleander DR is listed at $2,250,000 with 4 bedrooms, 4 full, 1 half bathrooms, 2,906 square feet, 0.29-acre lot. This places it above the ZIP 78654 single-family closed-sale median price of $1,325,000 (ZIP 78654 geography · single-family closed sales · median sale price · trailing 12 months as of Oct 1, 2026).
513 Oleander 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.
513 Oleander DR is a Residential built in 2020 featuring 4 bedrooms, 4 full, 1 half bathrooms, 2,906 square feet, 0.29-acre lot.
513 Oleander DR is listed by RE/MAX HORSESHOE BAY RESORT SA. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using MLS Grid / Unlock MLS data reviewed as of Oct 1, 2026.
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1 record on file
Every recorded listing, sale, and lease at 513 Oleander DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Listing timeline with current price, original ask, and market time.
Public record data from county appraisal records. Market value can differ from assessed value.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-6.1% | — | $840,343 | $174,000 | $666,343 |
2025 | — | $894,532 | $174,000 | $720,532 |

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% ($450K)
Adjustable assumption - not a lending recommendation.
$2,250,000
Luxury property intelligence
A sourced read on Granite Shoals pricing, timing, and property scale. No automated valuation claim.
List price
$2,250,000
Price per sqft
$774/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
209 days
Original to current
$50K reduction
$2.3M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 1, 2026.
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The most recent annual property tax for 513 Oleander DR is $24,634. 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.
This page does not assume a mortgage rate or publish a monthly payment for 513 Oleander DR. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Oct 1, 2026, 513 Oleander DR is offered at $2,250,000. The current MLS snapshot shows 177 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.
513 Oleander DR was built in 2020, making it 6 years old with relatively recent construction.
The MLS listing marks 513 Oleander DR as waterfront. The reported waterfront feature is Lake Front, Waterfront. Confirm shoreline access, dock rights, and floodplain status from current property documents during due diligence.
The MLS listing reports HOA or association dues of $75 annual for 513 Oleander DR. It does not establish included amenities, services, rules, reserves, or current assessments; verify those items in current association documents.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
3 events on record
Current Price
$2,250,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
| Year | Taxes | Total Assessment | Land | Additions |
|---|---|---|---|---|
2026-6.1% | — | $840,343 |
| $174,000 |
| $666,343 |
2025 | — | $894,532 | $174,000 | $720,532 |
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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