311 Oleander DR, Marble Falls TX 78654
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About This Property
Where lake life meets quiet opulence, Oleander is not just a home.... It's a private waterfront estate that rewrites the standard for Shady Acres. Set on an extraordinary 205 feet of channel frontage, this single-story retreat stretches out with intention and confidence. Inside, an expansive living room opens to walls of windows that frame the water like living art. It's the kind of space that doesn't just host people.... it gathers them.
The kitchen is built for serious culinary firepower: a chef's propane range, dual dishwashers, and the kind of flow that keeps everything seamless when entertaining. Tucked behind it, a fully equipped baker's kitchen adds a second layer of function with additional appliances, storage, and prep space. The primary suite is its own sanctuary. Fireplace lit, doors open to the pool, and a bathroom that leans into luxury with a clawfoot tub, walk-in shower, dual vanities, and seated make-up area. Even the closet complete with washer and dryer hook-ups that keep life effortlessly contained.
Step outside and the tone shifts from refined to resort. An oversized 12-foot-deep pool with a waterfall becomes the centerpiece, framed by swaying palms and a rare sandy lounge area. Two firepits anchor the massive patio, from there, the property flows down to the water and is designed to be experienced, not just admired. The pool house delivers the lifestyle with its own bedroom, living space, kitchenette, and full bath. A detached two-car garage with three additional storage rooms handles everything behind the scenes. At the shoreline, a covered hydraulic boat slip with a fully automated enclosure and 2 jet ski lifts makes getting on the water effortlessly.
Every inch of this 4183 sq ft estate has been curated with intention-from the fountain-lined front approach to the lush, high-end landscaping that wraps the entire property in color and texture. This isn't a "nice home" in the neighborhood. This is the one everything else is compared to.
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* Estimate only. Does not include HOA fees, PMI, or other costs.
This property has HOA fees of $200/annually.
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Listing History
| Jun 12, 2026 | Price Change | $2,399,000 | |
| 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 |
| Apr 11, 2016 | Off Market | ||
| Feb 9, 2016 | Listed | $159,000 |
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 $2,399,000. That is $579 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 21 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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