4 bed, 3 bath, 2,974 sqft on 0.00 acres in Granite Shoals. Granite Shoals, TX 78654. $1,490,000. Marble Falls ISD.
About This Home
Exceptional south-facing Lake LBJ waterfront home with 80’ of open water frontage, offering stunning views, calm waters, no HOA, and strong short-term rental income potential. This fully furnished, turn-key property is ready to generate revenue from day one or serve as the perfect personal lake retreat. Featuring 4 bedrooms and 4.5 baths, the home is designed for hosting with an open-concept layout, multiple living areas, and a spacious game room. The gourmet kitchen includes granite countertops, double ovens, and ample dining space—ideal for large groups and entertaining. Outdoors, enjoy a private boat dock with slip and jet ski ramps, expansive seating areas, fire pit, and a large fenced yard—perfect for maximizing guest experience and rental appeal. Located in a prime Hill Country setting near Marble Falls, this property combines luxury lake living with proven Airbnb/VRBO potential, making it an ideal income-producing investment or second home.
The view across Lake LBJ is the defining feature of 600 Deep Cove Drive in Granite Shoals - 80 feet of south-facing waterfront that delivers unobstructed panoramic water vistas from nearly every room in this 2,974 square foot home. The house is positioned specifically to maximize those sightlines, with the open-concept layout and multiple living areas oriented toward the water like the entire structure exists to frame that scenery.
The windows are engineered for this view. Large glass panels throughout the main living spaces capture the lake's constant play of light and water movement. From the primary bedroom on the main floor, you wake to that expanse. The wet bar overlooks it while you entertain. Even the kitchen, outfitted with granite countertops, double ovens, and a built-in electric cooktop, faces outward rather than inward - the lake is your backdrop while you cook.
The deck extends that living experience outdoors. A shared boat dock with slip and jet ski ramps puts watercraft access immediate and effortless. The balcony and expansive seating areas create zones for morning coffee with the view, afternoon entertaining, or simply watching the water respond to weather changes throughout the day. This is the lifestyle Lake LBJ waterfront living promises - the water isn't background, it's the primary amenity.
At 600 Deep Cove Drive, you're in Granite Shoals subdivision within Granite Shoals, served by Marble Falls ISD. Highland Lake Elementary, Marble Falls Middle, and Marble Falls High School anchor the area's educational foundation. There's no HOA, which means freedom in how you use the property - whether as a personal retreat or as a short-term rental income generator with documented Airbnb and VRBO potential. The 4 bedrooms and 4.5 baths support both uses. The fully furnished, turn-key condition means immediate revenue potential or immediate enjoyment.
This 1987-built home on a compact 0.002-acre lot demonstrates how thoughtful orientation and water access can make the difference. At $1.85M, or $622 per square foot, the waterfront frontage and 80-foot lake exposure drive the value proposition. For Hill Country buyers prioritizing water views and active lake lifestyle, those panoramic vistas across Lake LBJ make this property's orientation toward the water far more valuable than the raw footage alone would suggest.
The numbers behind this insight
- Offered at
- $1,490,000
- Listed
- March 26, 2026
- Price changes
- 2, down 19.5% from $1,850,000
- Asking price per sq ft
- $501
- Property Type
- Residential
- Year Built
- 1987
- Lot Size
- 0.00 acres
- Price / Sq Ft
- $501
- Garage
- 1 spaces
Listing information last updated September 14, 2026.
Listed by Horseshoe Bay Living 2, LLC
MLS# 2827370 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Interior Steps
- Multiple Living Areas
- Primary Bedroom on Main
- Wet Bar
- Built-In Oven(s)
- Electric Cooktop
- Dishwasher
- Microwave
- Refrigerator
- Bamboo
- Tile
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
Exterior & Lot
- Balcony
- Boat Lift
- Boat Dock - Shared
- Masonry – Partial
- Metal Siding
- Sprinkler - Automatic
- Sprinkler - Partial
- Chain Link
- Fenced
- Partial
- Slab
- Roof
- Composition
- Lot Size
- 0.00 Acres
- Garage
- Garage Spaces
- 1
- Pond
Financial
- Original List Price
- $1,850,000
- Price per Sq Ft
- $501
Utilities
- Electricity Available
- Phone Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 600 Deep Cove DR, whoever represented it.
- ActiveListed 2026Current price: $1,490,000Original list: $1,850,000MLS 2827370
- Listed · March 26, 2026$1,850,000
- Price changed · May 21, 2026$1,650,000
- Price changed · July 22, 2026$1,490,000
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
- $1,490,000
- Original list
- $1,850,000
- Price movement
- $360K reduction
- Listed / DOM
- Mar 26, 2026 · 209 days
Zoned Schools
Marble Falls ISD
Marble Falls
Marble Falls
Highland Lake
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% ($298K)
Adjustable assumption - not a lending recommendation.
$1,490,000
Luxury property intelligence
Keenan Market Position
A sourced read on Granite Shoals pricing, timing, and property scale. No automated valuation claim.
List price
$1,490,000
Price per sqft
$501/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
209 days
Original to current
$360K reduction
$1.9M 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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