Waterfront - Primary on Main
Address
481 Chimney Cove Dr, Marble Falls, TX
Price
$ 2,595,000
Property Attributes
- MLS#3799877
- TypeSingle Family
- Listing Status Active
- CountyBURNET
- CityMarble Falls
- AreaLN
- NeighborhoodChimney Cove Estates
- Zip78654
- StyleSingle Family Residence
- Year Built2007
- Taxes$ 30085
- Price$ 2,595,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage5611
- Lot Size5.002 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
Welcome to the HOUSE OF THE GOOD LIFE, "Villa La Vita e’ Bella" ! Estate Gated Escape on 5 Acres (w/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' 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 | Middle School | High School |
|---|---|---|
| Colt Elementary School | Marble Falls Middle School | Marble Falls High School |
| Price History | |
|---|---|
| 7/7/2026 | Listed $2,675,000 |
| 8/21/2026 | 3$2,595,000 |
General Features
| Living Area | 5611 |
|---|---|
| Sewer | Septic Tank |
| Heating | Central |
| Cooling | Ceiling Fan(s),Central Air |
| Utilities | Electricity Connected,Propane,Sewer Connected,Water Connected |
| Roof | Tile |
| Appliances | Built-In Gas Range,Built-In Oven(s),Built-In Refrigerator,Dishwasher,Disposal,Dryer,Microwave,RNGHD,Water Purifier Owned,Wine Refrigerator |
| HOA Fee | 750 |
| Garage Spaces | 3 |
| Association Fee Includes | See Remarks,Common Area Maintenance |
| Patio/Porch Features | Covered,Rear Porch |
| Pool Features | Pool/Spa Combo |
| Security Features | See Remarks |
| Construction Materials | Stone |
| Year Built | 2007 |
| View | Hill Country,Lake,Panoramic,Water |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | Waterfront |
| Community Features | Gated |
| Accessibility | None |
| Assoc Fee Paid Per | Annually |
| County | Burnet |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Energy Efficient | None |
| Subdivision Name | Chimney Cove Estates |
| Facing Direction | Northwest |
| Green Sustainability | None |
| Other Structures | Boat House,Guest House,Outbuilding,RV/Boat Storage |
| 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 |
| High School | Marble Falls |
| City | Marble Falls |
| Body of Water | Lake Travis |
| Disclosures | Seller Disclosure |
| Association Name | Chimney Cove Estates |
| MLS Area | LN |
| Lot Size Square Feet | 217887.12 |
| Elementary School | Colt |
| Tax Annual Amount | 16605.11 |
| Middle/Junior High School | Marble Falls |
| Property Condition | Resale |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1254826 |
| Virtual Tour | https://my.matterport.com/show/?m=Jj6kWDVR9uo |
Interior Features
| Interior Amenities | Bar,Bookcases,Built-in Features,Ceiling Fan(s),Double Vanity,Kitchen Island,No Interior Steps,Pantry,Primary Bedroom on Main,Sound System,Storage,Walk-In Closet(s) |
|---|---|
| Flooring | Tile,Wood |
| Total Fireplaces | 3 |
| Fireplace Features | Den,Family Room,Gas,Primary Bedroom,Stone,Wood Burning |
| Window Features | Blinds,Plantation Shutters |
| Half Baths | 1 |
| Total Bedrooms | 5 |
| Main Level Bedrooms | 5 |
| LivingAreaSource | Owner |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | Boat Dock - Private,Boat Lift,CCTYD,Exterior Steps,Lighting,Outdoor Grill,Private Entrance,RV Hookup |
|---|---|
| Fencing | Fenced |
| Parking Features | Additional Parking,Attached,Boat,Driveway,Electric Gate,Garage Door Opener,RV Access/Parking,Secured |
| Lot Features | Agricultural,Back Yard,Cleared,Landscaped,Level,Views |
| Water Source | See Remarks |
| Total Parking | 5 |
| Foundation Details | Slab |
| Lot Size Acres | 5.002 |
| Waterfront Y/N | Yes |
| Covered Spaces | 3 |
| Horse Y/N | No |
| Horse Amenities | None |
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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