311 Oleander DR, Marble Falls TX 78654
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About This Property
Offering a 1/6 deeded ownership interest (Tenants in Common) in this exceptional Lake LBJ waterfront residence. List price reflects the purchase price of one fractional ownership share only, approximately $350,000, and does not represent ownership of the entire property. Cash purchase required. Financing for fractional ownership is generally limited.
Enjoy approximately eight weeks of exclusive annual use through a professionally managed rotating reservation schedule. Ownership includes a deeded 1/6 undivided interest in this beautifully appointed waterfront home, designed for effortless enjoyment and low-maintenance ownership.
Located in the desirable Shady Acres community, this stunning single-story residence offers approximately 205 feet of protected channel frontage with quick access to open water. The thoughtfully designed floor plan features expansive open living spaces, a chef’s kitchen with a propane range, dual dishwashers, and a separate baker’s kitchen, making it ideal for entertaining. The spacious primary suite includes a fireplace, dual vanities, a clawfoot soaking tub, separate walk-in shower, oversized walk-in closet, and direct access to the resort-style pool. A detached guest casita with a living area, kitchenette, bedroom, and full bath provides additional privacy for family and guests.
Outdoor amenities include a resort-style pool with waterfall, multiple fire pit seating areas, covered patio, hydraulic boat slip with automated enclosure, two jet ski lifts, and beautifully landscaped grounds designed to maximize lake living.
Ownership is professionally supported by a concierge and property management team, providing a true lock-and-leave lifestyle. Contact listing agent for complete ownership details, operating expenses, reservation schedule, and fractional ownership information.
Property Highlights
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Property Details
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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $200/annually.
Tax Information
Listing History
| Jul 22, 2026 | Price Change | $2,199,000 | |
| May 22, 2026 | Listed | Listing Courtesy of MCM Land Company LLC - lbjluxe@gmail.com | $2,499,000 |
| Dec 4, 2024 | Off Market | ||
| May 23, 2024 | Price Change | $3,799,000 | |
| Feb 16, 2024 | Listed | $3,999,000 |
Frequently Asked Questions About 311 Oleander DR, Marble Falls TX 78654
When was 311 Oleander DR, Marble Falls TX 78654 built?
311 Oleander DR, Marble Falls TX 78654 was built in 1970.
How much does 311 Oleander DR, Marble Falls TX 78654 cost?
311 Oleander DR, Marble Falls TX 78654 is listed for sale at $2,199,000. That is $531 per square foot.
How many bedrooms and bathrooms does 311 Oleander DR, Marble Falls TX 78654 have?
311 Oleander DR, Marble Falls TX 78654 has 4 bedrooms and 3 bathrooms (2 full, 1 half) with 4,143 square feet of living space.
What school district is 311 Oleander DR, Marble Falls TX 78654 in?
311 Oleander DR, Marble Falls TX 78654 is in the Marble Falls ISD school district. Assigned schools include Marble Falls (elementary), Marble Falls (middle), Marble Falls (high school).
Does 311 Oleander DR, Marble Falls TX 78654 have an HOA?
Yes, 311 Oleander DR, Marble Falls TX 78654 has an HOA fee of $200 per annually. The HOA includes common area maintenance.
What are the property taxes on 311 Oleander DR, Marble Falls TX 78654?
The annual property taxes on 311 Oleander DR, Marble Falls TX 78654 are $363,199 (as of 2025).
How big is the lot at 311 Oleander DR, Marble Falls TX 78654?
The lot at 311 Oleander DR, Marble Falls TX 78654 is 0.6 acres, and the home has 4,143 square feet of living space.
What type of property is 311 Oleander DR, Marble Falls TX 78654?
311 Oleander DR, Marble Falls TX 78654 is a residential property.
Does 311 Oleander DR, Marble Falls TX 78654 have a garage?
Yes, 311 Oleander DR, Marble Falls TX 78654 has a 2-car garage.
Does 311 Oleander DR, Marble Falls TX 78654 have a pool?
Yes, 311 Oleander DR, Marble Falls TX 78654 has a pool. Pool features include in ground, outdoor pool, waterfall.
Is 311 Oleander DR, Marble Falls TX 78654 waterfront?
Yes, 311 Oleander DR, Marble Falls TX 78654 is a waterfront property on Lake LBJ. Waterfront features include canal front, waterfront.
What subdivision is 311 Oleander DR, Marble Falls TX 78654 in?
311 Oleander DR, Marble Falls TX 78654 is located in the Shady Acres subdivision in Marble Falls, TX.
How long was 311 Oleander DR, Marble Falls TX 78654 on the market?
311 Oleander DR, Marble Falls TX 78654 was on the market for 90 days, listed on May 22, 2026.
What heating and cooling does 311 Oleander DR, Marble Falls TX 78654 have?
311 Oleander DR, Marble Falls TX 78654 has central heating and ceiling fan(s), central air cooling.
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