
4 bed, 4 bath, 3,700 sqft on 0.64 acres in Granite Shoals. Granite Shoals, TX 78654. $3,500,000. Marble Falls ISD.
Nestled on a serene 0.60-acre peninsula on Lake LBJ, 703 Woodland Hills is a breathtaking waterfront estate, boasting an extraordinary 332’ of open waterfront enveloping both sides of the property. This meticulously reimagined 3,700 sq ft, 4-bedroom, 4.5-bath modern sanctuary exudes upscale elegance with soaring wood and beamed ceilings, expansive windows, and abundant natural light, framing mesmerizing Lake LBJ views from every angle. The gourmet kitchen, adorned with top-tier finishes, appliances, and a spacious island, flows seamlessly into an open-concept living area, perfect for grand gatherings. A versatile bunkroom and upstairs living space offer flexibility, while the converted garage serves as a dedicated fitness haven. Step outside to an unparalleled outdoor oasis, featuring a sparkling pool, rejuvenating spa, state-of-the-art outdoor kitchen, and a cozy cabana with a fireplace, all set against the lake’s tranquil beauty. Lake LBJ is a Texas Hill Country jewel, inviting endless adventure with its constant-level waters, ideal for boating, fishing, kayaking, paddleboarding, and waterskiing. The property’s boathouse and jet ski lifts elevate your waterfront lifestyle, catering to both thrill-seekers and those craving serenity. Just minutes from the many world-class resorts, luxurious spas, and championship golf courses in the area, this home blends sophistication with leisure, perfect for family retreats or the luxury of full-time living on the lake. Life is Short // Buy the Lake House!
At $1,149 per square foot, 703 Woodland Hills Dr stands out as a rare Lake LBJ waterfront offering with 332 feet of open shoreline and a 0.64-acre peninsula setting. In Granite Shoals in Granite Shoals, 703 Woodland Hills Dr delivers the kind of direct water access and land footprint that is hard to duplicate at any price point in Burnet County.
This residential single family residence was built in 2018 and spans 3,700 square feet with 4 bedrooms, 4 full baths, and 1 half bath. The layout is built for both full-time living and weekend use, with large gathering spaces, expansive windows, and constant lake views driving the experience of the home. The kitchen opens directly to the main living area, which matters in a lake house because the best properties keep the water in view from the spaces you use most. A separate upstairs living area and bunkroom setup add flexibility for guests, kids, or multi-family stays.
The lot is the story here. A peninsula site on Lake LBJ gives this property water on both sides, stronger privacy, and a broader view corridor than most interior-channel homes can offer. Outside, the pool, spa, cabana with fireplace, outdoor kitchen, boathouse, and jet ski lifts make the property function like a private resort without losing the practicality of a lock-and-leave second home. Lake LBJ is one of the Hill Country’s few constant-level lakes, which supports year-round boating, paddleboarding, fishing, and watersports without the seasonal swings buyers deal with elsewhere.
Granite Shoals in Granite Shoals puts you in the center of the Highland Lakes lifestyle, with quick access to open water, neighborhood lake activity, and the day-to-day convenience of being in a built-out waterfront community rather than an isolated rural tract. The address also gives you direct access to Woodland Hills Dr and a short drive into the core of Granite Shoals for parks, marinas, and boat access points around Lake LBJ. Schools are not listed for this property, so buyers should verify district assignment directly.
At $4.25 million with 68 days on market, this home competes on shoreline, usable outdoor living, and modern construction more than simple bedroom count. For buyers focused on long-term waterfront value in Granite Shoals, 703 Woodland Hills Dr offers a strong position on one of Central Texas’s most durable lifestyle assets.
Verified property facts
703 Woodland Hills DR is listed at $3,500,000 with 4 bedrooms, 4 full, 1 half bathrooms, 3,700 square feet, 0.64-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).
703 Woodland Hills DR 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.
703 Woodland Hills DR is a Residential built in 2018 featuring 4 bedrooms, 4 full, 1 half bathrooms, 3,700 square feet, 0.64-acre lot.
703 Woodland Hills DR is listed by Kuper Sotheby's Int'l Realty. 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 703 Woodland Hills DR, 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% ($700K)
Adjustable assumption - not a lending recommendation.
$3,500,000
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A sourced read on Granite Shoals pricing, timing, and property scale. No automated valuation claim.
List price
$3,500,000
Price per sqft
$946/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
326 days
Original to current
$750K reduction
$4.3M 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 703 Woodland Hills DR is $56,554. 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 703 Woodland Hills 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, 703 Woodland Hills DR is offered at $3,500,000. 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.
703 Woodland Hills DR was built in 2018, making it 8 years old with relatively recent construction.
The MLS listing marks 703 Woodland Hills DR as waterfront. The reported waterfront feature is Lake Front, Lake Privileges. 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.
6 events on record
Current Price
$3,500,000
Timeline data compiled from MLS records and public records. Information deemed reliable but not guaranteed.
Timeline merges MLS activity (when permitted) with public records. Some details may be restricted to registered VOW clients.
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