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#1 Austin Board of Realtors Team 2024#1 Austin Board of Realtors Team 2024Loading
Gorgeous, rare waterfront lot on the deep section of Lake Marble Falls, the lake most highly regarded for smooth water, beauty and privacy! This is the lake you want if skiing, wakeboarding, wake surfing, kayaking, and paddle boarding are your favorite water sports. You won't find another vacant lot on Lake Marble Falls of this quality and desirability with water and sewer services from the City of Marble Falls. This lot has exceptional waterfront improvements providing maximum convenience and enjoyment of the lake. This lot has undergone a detailed entitlement process, and plans have been prepared for an exquisite 4600sf home designed to preserve the large pecan trees, offering natural beauty and nice shade. Your future lake home is conveniently located close to all of the retail services of Marble Falls, as well as the highly acclaimed Baylor Scott and White Hospital and medical clinics. Don’t miss this rare opportunity to create your family’s dream lakefront home!
Property Type
Land
Lot Size
0.42 acres
Listed by Weber Properties, LLC
Property Details
Lot Features
Verified property facts
638 W FM 2147 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.
638 W FM 2147 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.
With 20% down ($119,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 638 W FM 2147 is around $4,178 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $595,000, 638 W FM 2147 is in the Water Way 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.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Listing timeline 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% ($119K)
$595,000
Luxury property intelligence
A sourced read on Water Way pricing, timing, and property scale. No automated valuation claim.
List price
$595,000
Price per sqft
Not available
Vs. Water Way median
Not available
Days on market
220 days
Original to current
$277K reduction
$872K 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
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Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
638 W FM 2147 includes verified waterfront access. 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.
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Water Way
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