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$350,000

311 Oleander DR, Marble Falls, TX 78654

Shady Acres

Bedrooms4
Bathrooms3
Sq Ft4,143
Acres0.60
Year Built1970

About This Property

Discover one of Marble Falls' most extraordinary waterfront estates, offering approximately 200 ft of channel frontage. and a level of luxury rarely found on Lake LBJ. This listing offers 1/6 deeded ownership interest (Tenants in Common). List price reflects the purchase price of one fractional ownership share only, not the entire property. Cash purchase is required. Financing for fractional ownership is generally limited. Owners enjoy approximately 8 weeks of annual exclusive use through a professionally managed rotating reservation schedule, combining luxury ownership with a true lock-and-leave lifestyle. Designed for exceptional entertaining, this 4,500 sq ft single story residence features an expansive open living room where walls of windows frame peaceful waterfront views. The gourmet kitchen is equipped with propane range, dual dishwashers, premium finishes, while the separate prep and baker's kitchen offers additional appliances, freezers, sinks, and abundant workspace for effortless hosting. Outside, the estate transforms into a private waterfront resort. An oversized pool with cascading waterfall is surrounded by towering palms, lush professional landscaping, a sandy beach-style lounging area, 2 fire pits, and an expansive patio overlooking the water. A separate pool house provides additional accommodations with a bedroom, living area, kitchenette, and full bath. The detached two-car garage includes 3 additional storage rooms. The 203 ft of waterfront is complemented by a covered hydraulic boat slip with an automated enclosure, two jet ski lifts, and a fully fenced lawn extending to the water's edge. Professionally managed ownership allows you to enjoy an exceptional luxury lakefront lifestyle without the responsibilities of full-time ownership. Contact listing agent for total property value, ownership details, reservation schedule, and fractional ownership documents.

Property Details

Property TypeSingle Family
MLS #5525989
Days on Market101
Lot Size0.60 acres
HOA Fee$200 / Annually
Listed9/4/2026
Last Updated9/4/2026

Location

County
Burnet
School District
Marble Falls ISD
MLS Area
BU

Size

Lot Description
Back Yard, Few Trees, Front Yard, Level, Native Plants, Private, Sprinklers In Rear, Sprinklers In Front, Trees-Medium (20 Ft - 40 Ft), Waterfall
$/Acre
$583,333

Improvements

Garage Spaces
2
Fence
Back Yard, Fenced, Full, Gate, Wood, Wrought Iron
Exterior Features
Boat Dock - Private, Boat Lift, Boat Slip, Exterior Steps, Private Entrance, Private Yard
Heating
Central
Cooling
Ceiling Fan(s), Central Air
Appliances
Built-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop, Refrigerator
Flooring
Tile
Fireplaces
Living Room, Stone
Fireplace Count
1
Windows
Blinds, Double Pane Windows, Skylight(s)
Construction Materials
See Remarks, Brick, Stone
Foundation
Slab
Roof
Shingle
Direction Faces
East
Pool Features
In Ground, Outdoor Pool, Waterfall
Patio / Porch
Patio, Rear Porch, Side Porch
View
Canal, Lake, Neighborhood, Water
Waterfront
Yes
Community Features
See Remarks
Covered Spaces
2
Parking Features
Detached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Paved, Private

Location

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Listing provided by Kasey Mercurio · MCM Land Company LLC · (830) 280-1882

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

$350,000