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$2,199,000

12% price cut

Was $2,499,000 · $300,000 below the original list price

311 Oleander DR, Marble Falls, TX 78654

Shady Acres

Bedrooms4
Bathrooms3
Sq Ft4,143
Acres0.60
Year Built1970

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 Details

Property TypeSingle Family
MLS #7902186
Days on Market90
Lot Size0.60 acres
HOA Fee$200 / Annually
Listed5/22/2026
Last Updated5/22/2026

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
$3,665,000

Improvements

Garage Spaces
2
Fence
Back Yard, Fenced, Full, Gate, Wood, Wrought Iron
Exterior Features
Boat Dock - Private, Boat Lift, 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
Fireplace Count
1
Construction Materials
See Remarks, Brick, Stone
Foundation
Slab
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.

$2,199,000