4 bed, 2 bath, 3,626 sqft on 0.21 acres in Granite Shoals. Granite Shoals, TX 78654. $2,595,000. Marble Falls ISD.
About This Home
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.
The numbers behind this insight
- Offered at
- $2,595,000
- Listed
- April 27, 2026
- Price changes
- 2, down 7.3% from $2,800,000
- Asking price per sq ft
- $716
Keenan Luxury Market Index: $2M-$3M single-family homes across the Austin area sold at a median $601 per sq ft over the trailing 12 months (383 sales), as of October 21, 2026.
- Property Type
- Residential
- Year Built
- 1970
- Lot Size
- 0.21 acres
- Price / Sq Ft
- $716
- Garage
- 3 spaces
Listing information last updated October 17, 2026.
Listed by Compass RE Texas, LLC
MLS# 3760882 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Two Primary Baths
- Bar
- Breakfast Bar
- Ceiling Fan(s)
- Ceiling-High
- Chandelier
- Granite Counters
- Tile Counters
- Crown Molding
- Double Vanity
- Entrance Foyer
- High Speed Internet
- Interior Steps
- Open Floorplan
- Recessed Lighting
- Soaking Tub
- Storage
- Walk-In Closet(s)
- Built-In Electric Oven
- Built-In Electric Range
- Built-In Oven(s)
- Built-In Range
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Electric Cooktop
- Microwave
- Oven
- Electric Oven
- Double Oven
- Plumbed For Ice Maker
- Refrigerator
- Free-Standing Refrigerator
- Self Cleaning Oven
- Stainless Steel Appliance(s)
- Washer
- Washer
- Dryer
- Electric Water Heater
- Tile
- Heating
- Central,Electric,Fireplace(s),Forced Air,Zoned
- Cooling
- Ceiling Fan(s),Central Air,Electric,Multi Units
- Fireplaces
- 2
Exterior & Lot
- Balcony
- Barbecue
- Boat Slip
- Boat Dock - Shared
- Dog Run
- Electric Car Plug-in
- Exterior Steps
- Gutters Full
- Lighting
- Outdoor Grill
- Permeable Paving
- Boat Dock - Private
- Private Entrance
- Private Yard
- Concrete
- Frame
- Glass
- Hardi
- Plank Type
- ICAT Recessed Lighting
- Attic
- Crawl Hatchway(s) Insulated
- Low VOC Insulation
- Spray Foam Insulation
- Masonite
- Masonry – Partial
- Cement Siding
- Stone
- Back Yard
- City Lot
- Cleared
- Cul-De-Sac
- Few Trees
- Front Yard
- Interior Lot
- Landscaped
- Level
- Private
- Public Maintained Road
- Sprinkler - Automatic
- Sprinklers In Rear
- Sprinklers In Front
- Sprinkler - Rain Sensor
- Sprinklers On Side
- Trees-Large (Over 40 Ft)
- Views
- Permanent
- Slab
- Covered
- Deck
- Front Porch
- Patio
- Porch
- Rear Porch
- Terrace
- Roof
- Composition
- Lot Size
- 0.21 Acres
- Attached
- Boat
- Concrete
- Covered
- Direct Access
- Door-Multi
- Drive Through
- Driveway
- Electric Vehicle Charging Station(s)
- Enclosed
- Garage
- Garage Door Opener
- Garage Faces Front
- Garage Faces Rear
- Lighted
- Oversized
- Private
- Reserved
- Secured
- Storage
- Tandem
- Workshop in Garage
- Garage Spaces
- 3
- Lake Front
- Waterfront
Financial
- Original List Price
- $2,800,000
- Price per Sq Ft
- $716
Utilities
- Above Ground
- Cable Available
- Electricity Available
- Electricity Connected
- High Speed Internet
- Phone Available
- Sewer Not Available
- Water Available
- Water Connected
- Water Source
- Public
- Sewer
- Septic Tank
Transaction History
1 record on file
Every recorded listing, sale, and lease at 806 Misty Downs DR, whoever represented it.
- ActiveListed 2026Current price: $2,595,000Original list: $2,800,000MLS 3760882
- Listed · April 27, 2026$2,800,000
- Price changed · July 15, 2026$2,700,000
- Price changed · September 26, 2026$2,595,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $2,595,000
- Original list
- $2,800,000
- Price movement
- $205K reduction
- Listed / DOM
- Apr 27, 2026 · 177 days
Virtual Tour

Zoned Schools
Marble Falls ISD
Marble Falls
Marble Falls
Highland Lake
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
Luxury property intelligence
Keenan Market Position
A sourced read on Granite Shoals pricing, timing, and property scale. No automated valuation claim.
List price
$2,595,000
Price per sqft
$716/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
177 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 17, 2026.
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