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Experience unforgettable waterfront living at this one-of-a-kind retreat in Granite Shoals. Perfectly positioned on a deep-water cove with a private dock and boat lift, this exceptional property offers stunning sunset views and the ultimate lakefront lifestyle. Framed by a magnificent 150-year-old oak tree, the front of the home welcomes you with charm and presence from the moment you arrive. Inside, soaring ceilings, a chef’s kitchen with white quartz, a cozy fireplace, and a dramatic wall of windows fill the main living area with natural light while showcasing breathtaking panoramic lake views. The open-concept design flows seamlessly onto the deck—ideal for entertaining or simply relaxing and taking in the scenery. The primary suite is a true sanctuary, featuring its own fireplace and soaking tub - direct access to the water level, where covered patios, a fire pit, and multiple outdoor entertaining spaces await. Step outside to your resort-style oasis—complete with an exquisite pool, built-in jacuzzi, and multiple televisions on the patio - as well as an additional jacuzzi on the upper deck. Whether you’re watching the game from the pool spa, floating in the pool, or unwinding in the spa on the deck while overlooking the lake and stars, every detail is designed for elevated outdoor living. The entry level features a bedroom, the 3rd level offers two spacious bedrooms and a full bath, while a large bunk room above the garage provides ample space for guests. With accommodations for up to 22, this home is ideal for multi-generational living or hosting large gatherings. Offered fully furnished, this property is move-in ready and presents an outstanding investment opportunity. Short-term rentals are legally allowed, so w/no HOA, you have the freedom to maximize its potential. This is more than a home- it’s a lakefront experience. All parties should consult a professional, such as an architect, to verify any & all information like floor plan & square footage.
Property Type
Residential
Year Built
1970
Lot Size
0.21 acres
$/Sq Ft
$772
Garage
3 spaces
Listed by Compass RE Texas, LLC
Verified property facts
806 Misty Downs Dr is listed at $2,800,000 with 3 bedrooms, 2 full, 1 half bathrooms, 3,626 square feet, 0.21-acre lot. This places it above the 78654 median of $1,325,000.
806 Misty Downs 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.
806 Misty Downs Dr is a Residential built in 1970 featuring 3 bedrooms, 2 full, 1 half bathrooms, 3,626 square feet, 0.21-acre lot.
806 Misty Downs Dr 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 ($560,000) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 806 Misty Downs Dr is around $19,662 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
25+ years advising buyers and sellers in this community
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Listed 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% ($560K)
$2,800,000
Luxury property intelligence
A sourced read on Sherwood Downs pricing, timing, and property scale. No automated valuation claim.
List price
$2,800,000
Price per sqft
$772/sqft
Vs. Sherwood Downs median
Not available
Days on market
35 days
Original to current
No verified reduction
$2.8M original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Jun 1, 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
At $2,800,000, 806 Misty Downs Dr is in the Sherwood Downs market where there are currently 186 active listings in 78654. The Keenan Group has completed 1 transactions in 78654 as part of 1,000+ career sales totaling $1B+ across Austin.
806 Misty Downs Dr was built in 1970 (56 years ago). Buyers should budget for potential updates to major systems.
806 Misty Downs Dr 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.
1 event on record
Current Price
$2,800,000
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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