Price Reduction - Waterfront
Address
481 Chimney Cove Drive, Marble Falls, TX
Price
$ 2,595,000
Property Attributes
- MLS#21337310
- TypeSingle Family
- Listing Status Active
- CountyBURNET
- CityMarble Falls
- NeighborhoodChimney Cove Estates
- Zip78654
- StyleSingle Family Residence
- Year Built2007
- Taxes$ 30969
- Price$ 2,595,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage5611
- Lot Size5.002 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Welcome to the HOUSE OF THE GOOD LIFE, Villa La Vita e’ Bella! Estate Gated Escape on 5 Acres (with Ag Exempt low 1.323% tax rate), this rare sprawling single story custom home sits beautifully in a park like setting and is waterfront on the deeper arm of the Colorado River, boasting 318 ft of shoreline, panoramic water views, and unforgettable sunsets. The Italy inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities that are hard to find within easy access to Marble Falls, Horseshoe Bay, Spicewood, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms (2 bdrms in main house plus a full casita in addition to the guest house), featuring three masonry fireplaces, expansive living areas, and seamless indoor–outdoor flow. A chef's kitchen anchors the home, opening to generous gathering spaces designed for entertaining on any scale. Walls of windows capture breathtaking lake and landscape vistas, while a brand-new 2025 roof adds lasting peace of mind. Outdoors, the covered patio invites year-round enjoyment, from tranquil Hill Country mornings to sunset evenings, enhanced by an impressive 18-ft, 2,000-gallon swim spa. Complementing the main home, a charming 2-bedroom, 1 bath guest house includes a temperature-controlled wine room and a versatile bonus space currently serving as an art studio — ideal for creative pursuits, a gym, or private office. An additional powered workshop supports hobbies, projects, or storage. Designed for both recreation and functionality, the grounds feature dual water sources, EV connection, RV hookup, and a private air-conditioned boathouse with boat lift and jet ski ramp. There are too many features to mention-- it really warrants a personal visit. As the words to a favorite George Strait song says, THERE'S A DIFFERENCE IN LIVING AND LIVING WELL, come experience the difference today.
| Elementary School |
|---|
| Colt Elementary School |
| Price History | |
|---|---|
| 7/22/2026 | Listed $2,675,000 |
| 8/21/2026 | 3$2,595,000 |
General Features
| Heating | Central,Fireplace(s) |
|---|---|
| Cooling | Ceiling Fan(s),Central Air |
| Utilities | Electricity Connected,Sewer Available,Underground Utilities |
| Possession | Closing/Funding |
| Roof | Tile |
| Appliances | Built-in Refrigerator,Dishwasher,Disposal,Gas Range,Ice Maker,Microwave,Double Oven,Warming Drawer |
| Assoc Fees | 750 |
| Number of Garage Spaces | 4 |
| Restrictions | Deed |
| School District | Marble Falls ISD |
| HOA Fee Includes | Maintenance Grounds,Management Fees |
| Pool Y/N | Yes |
| Year Built | 2007 |
| Levels | One |
| Unexempt Taxes | 30969 |
| Will Subdivide | No |
| Property Subtype | Single Family Residence |
| Subdivision Name | Chimney Cove Estates |
| Accessibility Features | Accessible Hallway(s) |
| Transaction Type | For Sale |
| Occupant Type | Owner |
| County | Burnet |
| Property Type | Residential |
| Security Features | Smoke Detector(s) |
| Construction Materials | Rock/Stone |
| Association Fee Frequency | Annually |
| Year Built Details | Preowned |
| HOA Type | Mandatory |
| Special Notes | Aerial Photo,Flood Plain,Survey Available |
| Full Baths | 4 |
| Status | Active |
| Directions | From Austin: Take I-35 N,US-183 N,Lakeline Blvd and FM1431-RM 1431 W to Hickory Creek Rd (take left). Follow approximately 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on |
| City | Marble Falls |
| Elementary School Name | Colt |
| High School | Marblefall |
| Elementary School | Colt |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21337310 |
| Standard Status | Active |
| Listing Terms | Cash,Conventional |
Interior Features
| Interior Features | Built-in Features,Decorative Lighting,Double Vanity,Eat-in Kitchen,Granite Counters,High Speed Internet Available,Kitchen Island,Pantry,Vaulted Ceiling(s),Walk-In Closet(s) |
|---|---|
| Flooring | Tile,Wood |
| Fireplace Features | Bedroom,Den,Family Room,Gas,Living Room,Primary Bedroom,Stone,Wood Burning |
| Fireplaces Total | 3 |
| Dining Areas | 2 |
| Living Areas | 2 |
| Room Count | 6 |
| Half Baths | 1 |
| Lock Box Type | Supra |
| Total Bedrooms | 5 |
| Total Baths | 5 |
| Window Features | Window Coverings |
| Laundry Features | Full Size W/D Area,Dryer Hookup,Washer Hookup |
Exterior Features
| Waterfront | Yes |
|---|---|
| Exterior Features | Boat Slip,Covered Patio/Porch,Rain Gutters,Lighting,Outdoor Living Center,Private Entrance,Private Yard,RV/Boat Parking |
| Lot Features | Agricultural,Cleared,Landscaped,Level,Lrg. Backyard Grass,Sprinkler System,Water/Lake View,Waterfront |
| Fencing | Rock/Stone,Wrought Iron |
| Soil Type | Unknown |
| Other Structures | Guest House,RV/Boat Storage,See Remarks |
| Parking Features | Circular Driveway,Driveway,Electric Gate,Enclosed,Garage,Garage Door Opener,Garage Faces Front,Inside Entrance,RV Access/Parking,Secured,Storage |
| WaterFront Features | Dock – Covered,Lake Front |
| Lot Size | 5 to < 10 Acres |
| Covered Spaces | 4 |
| Foundation | Slab |
| Pool Features | Pool/Spa Combo |
| Lot Size Area | 5.0020 |
| Lot Size Units | Acres |
| Structural Style | Single Detached |
| Garage Y/N | Yes |
| Lot Size Square Feet | 217887.1200 |
| Lot Size Acres | 5.0020 |
| Patio And Porch Features | Covered |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78654
Price
Taxes
Year Built
Visits
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