This property has sold. Looking for something similar? Contact us or browse available homes.

Per MLS rules, only the primary photo is shown for non-Keenan closed listings.
This property is no longer actively listed. We can help you find similar homes currently for sale, notify you if this property relists, or explore off-market opportunities in the area.
$2,950,000
last listedWhy you're seeing this property: Unlike major portals that hide off-market listings, we maintain the most comprehensive Austin property database. View market history, neighborhood data, and discover similar homes currently for sale. #1 Austin Realtor Team 2024.
5 bed, 5 bath, 3,259 sqft on 0.53 acres in Granite Shoals. Granite Shoals, TX 78654. $2,950,000. Marble Falls ISD.
Situated on its own private peninsula on Lake LBJ, this exceptional waterfront retreat offers a rare opportunity to own over 500 feet of shoreline with breathtaking open-water views. Being sold furnished! Designed with a relaxed coastal influence, the home captures the refreshing south-facing lake breeze and delivers the ultimate lakefront lifestyle.
Inside, the home features four spacious bedrooms plus a dedicated bunk room, perfect for hosting family and guests. The open-concept living area is warm and inviting with coastal plank accent walls, abundant natural light, and seamless flow for entertaining. The kitchen is designed for both style and function, complete with a gas range and thoughtful built-ins, while the bunk room includes custom built-in bunks ideal for large gatherings.
Step outside and enjoy the resort-style outdoor living spaces. The property features a negative-edge pool overlooking the lake, multiple patios for relaxing or entertaining, and expansive waterfront views in every direction. A large boathouse with multiple lifts provides plenty of room for boats and watercraft, making lake days effortless.
Additional highlights include a private gated entrance, a Spider Be Gone pest control system throughout the entire property, and short-term rentals allowed, making this home not only a stunning personal retreat but also a strong investment opportunity.
With unmatched privacy, panoramic views, and one of the most impressive waterfront settings on Lake LBJ, this peninsula property is truly one-of-a-kind.
At 701 Granite Shoals in Granite Shoals, you're buying more than square footage - you're buying 500 feet of Lake LBJ shoreline and the sunsets that come with it. This five-bedroom, five-and-a-half-bath home sits on its own private peninsula with south-facing open-water views that dominate every social gathering from late afternoon through dusk.
The layout flows directly into entertaining. The kitchen anchors the main level with a gas cooktop and stone counters, opening seamlessly into the living areas where vaulted ceilings and coastal plank accent walls frame the water beyond. Move through to the covered patios and you're in pure gathering mode - this is where the evening happens. The negative-edge pool appears to spill into the lake itself, and the multiple deck spaces give you options for where guests naturally congregate as the light changes.
The boathouse matters here. Two boat lifts mean your watercraft stay ready while you're hosting on the water or from the deck. The private gated entrance provides the separation that makes entertaining feel like an event, not a casual Tuesday. Inside, the dedicated bunk room with custom built-ins handles overflow crowds during lake weekends - it's designed specifically for groups.
At 3,259 square feet on 0.53 acres, the property is efficient without feeling cramped. The 2019 construction keeps maintenance low. At $1,028 per square foot, you're paying for waterfront positioning and that specific Lake LBJ orientation - south-facing exposure means morning sun on the water and golden-hour views every evening without exception.
Marble Falls ISD serves the property, with Highland Lake Elementary feeding into Marble Falls Middle and High School. The location keeps you removed from corridor traffic while staying within reasonable distance to Hill Country employment centers.
This isn't a seasonal rental - it's a year-round waterfront social hub where the view does the heavy lifting. Every dinner party, every evening gathering, every moment people spend on the deck happens with unobstructed lake panorama as the backdrop. That's the specific value of the peninsula lot and the reason this home commands attention in the Granite Shoals market.
Verified property facts
701 Woodland HIlls is listed at $2,950,000 with 5 bedrooms, 5 full, 1 half bathrooms, 3,259 square feet, 0.53-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 Sep 30, 2026).
701 Woodland HIlls is zoned for Marble Falls ISD with assigned schools: Highland Lake (elementary), Marble Falls (middle), Marble Falls (high). School assignments should be verified directly with the district.
701 Woodland HIlls is a Residential built in 2019 featuring 5 bedrooms, 5 full, 1 half bathrooms, 3,259 square feet, 0.53-acre lot.
701 Woodland HIlls is listed by Horseshoe Bay Resort Realty. Keenan Group at Compass presents this IDX listing and provides the accompanying market analysis using public records data reviewed as of Jul 13, 2026.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
4 records on file
Every recorded listing, sale, and lease at 701 Woodland HIlls, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Pending 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% ($590K)
Adjustable assumption - not a lending recommendation.
$2,950,000
Luxury property intelligence
A sourced read on Granite Shoals pricing, timing, and property scale. No automated valuation claim.
List price
$2,950,000
Price per sqft
$905/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
Not available
Original to current
$400K reduction
$3.4M original
Active inventory context
Ask for current inventory
Source: Public records and Keenan Group review as of Jul 13, 2026.
Request Private Market AnalysisZIP-level neighborhoods, schools, lifestyle, and Austin market context
Private Austin CMA, TCAD context, and pricing strategy
Pricing, prep, launch timing, and Compass marketing strategy
#1 ABOR Team 2024 with $1B+ career sales volume
The most recent annual property tax for 701 Woodland HIlls is $66,283. 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 701 Woodland HIlls. A property-specific estimate requires a current lender rate, chosen down payment, taxes, insurance, and any verified association dues.
As of Jul 13, 2026, 701 Woodland HIlls is offered at $2,950,000. The current MLS snapshot shows 185 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.
701 Woodland HIlls was built in 2019, making it 7 years old with relatively recent construction.
The MLS listing marks 701 Woodland HIlls as waterfront. The reported waterfront feature is Lake Front. 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.
Car-Dependent
N/A
Somewhat Bikeable
Walk Score measures walkability based on distance to amenities. Transit Score measures public transportation access. Bike Score measures bikeability based on bike infrastructure and terrain.
Comparable homes that recently closed in this area
Best Match
Balanced against price, location, and layout so nearby lookalikes rise first. Similar properties in Granite Shoals
Active listings near 701 Woodland HIlls
Recent sales for market context