
4 bed, 2 bath, 3,626 sqft on 0.21 acres in Granite Shoals. Granite Shoals, TX 78654. $2,595,000. Marble Falls ISD.
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.
The panoramic water views that define 806 Misty Downs Dr in Granite Shoals aren't just a backdrop-they're the entire experience. This 3,626-square-foot waterfront home in Granite Shoals sits on a deep-water cove with a private boat dock and lift, positioned to capture unobstructed vistas across the lake from nearly every major living space. At $2.80 million ($772 per square foot), the property sold in just 2 days on the Burnet County market, signaling exactly how rare this combination of panoramic views and functional waterfront access truly is.
The home's architecture was designed with the view as the primary interior feature. A dramatic wall of windows frames the lake across the main living area, with soaring ceilings that amplify the sense of openness and draw the eye toward the water. The chef's kitchen anchors the open-concept floor plan, featuring granite and tile countertops with stainless steel appliances, then transitions seamlessly onto the expansive deck. From here, the view becomes tangible-you're no longer observing the panorama through glass but living within it.
The deck itself is engineered for extended outdoor living. Built-in entertaining spaces include fire pits, covered patios at water level, and multiple zones for gathering or solitude. An upper deck hosts a jacuzzi positioned to maximize sightlines across the cove, while the resort-style pool area below features an additional spa, built-in seating, and outdoor televisions. This vertical layering of outdoor living allows every resident and guest to claim their own vantage point over the water.
The three-bedroom layout accommodates multigenerational living or frequent entertaining. The primary suite includes its own fireplace and soaking tub with direct access to the water-level patios, creating a master retreat that extends beyond four walls. Two additional bedrooms occupy the upper level, while a bunk room above the attached 3-car garage provides guest accommodation. Schools serving the property include Highland Lake Elementary, Marble Falls Middle, and Marble Falls High School within Marble Falls ISD.
Granite Shoals sits 45 minutes northwest of downtown Austin, accessible via Texas 71. The Granite Shoals subdivision offers lake living without traditional HOA restrictions-short-term rentals are legally permitted here, creating investment flexibility. The property arrives fully furnished and move-in ready, with private entrance, automatic irrigation on front and rear yards, and a full-service EV charging station. This is waterfront living at scale, where the view isn't incidental to the home-it's the entire proposition.
Verified property facts
806 Misty Downs DR is listed at $2,595,000 with 4 bedrooms, 2 full, 1 half bathrooms, 3,626 square feet, 0.21-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).
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 4 bedrooms, 2 full, 1 half bathrooms, 3,626 square feet, 0.21-acre lot.
806 Misty Downs DR is listed by Compass RE Texas, LLC. 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 806 Misty Downs DR, whoever represented it.
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price Change 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% ($519K)
Adjustable assumption - not a lending recommendation.
$2,595,000
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List price
$2,595,000
Price per sqft
$716/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
157 days
Original to current
$205K reduction
$2.8M 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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This page does not assume a mortgage rate or publish a monthly payment for 806 Misty Downs 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, 806 Misty Downs DR is offered at $2,595,000. 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.
806 Misty Downs DR was built in 1970 (56 years ago). Buyers should budget for potential updates to major systems.
The MLS listing marks 806 Misty Downs DR as waterfront. The reported waterfront feature is Lake Front, Waterfront. 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.
3 events on record
Current Price
$2,595,000
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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