311 Oleander DR, Marble Falls TX 78654

Marble Falls, TX 78654 | Shady Acres

$2,199,000 $531/sqft ▼ $300,000 (12%)
4 Beds
3 Baths 2 Full, 1 Half
4,143 Sq Ft
0.6 Acres
1970 Built
2 Garage

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

Pool In Ground, Outdoor Pool, Waterfall
Waterfront Lake LBJ · Canal Front, Waterfront

Location

Schools

School District Marble Falls ISD
Elementary Marble Falls
Middle School Marble Falls
High School Marble Falls

Property Details

Property Type Residential
Flooring Tile
Cooling Ceiling Fan(s), Central Air
Heating Central
Exterior Boat Dock - Private, Boat Lift, Exterior Steps, Private Entrance, Private Yard
County Burnet
MLS # 7902186
Garage 2 spaces

HOA & Community

HOA Fee $200 /Annually
HOA Includes Common Area Maintenance

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This property has HOA fees of $200/annually.

Tax Information

Annual Taxes (MLS) $363,199 (2025)

Listing History

MLS# 7902186 - Updated Aug 27, 2026 90 days
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

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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