Skip to main contentSkip to navigation
1 / 30
Images
Map

Land with Home for Sale in Marble Falls, Texas

481 Chimney Cove Dr, Marble Falls, TX 78654

$2,825,000
5 acres
Active
ago
Est $17,450/mo

Villa La Vita e Bella - Gated Waterfront Ag-exempt Estate on 5 Acres Experience refined lakefront living with 318 feet of shoreline, panoramic water views, and breathtaking sunsets - all behind the gates of an exclusive community. Set on 5 usable, park-like acres with a rare agricultural exemption and low 1.3233% tax rate, this private retreat offers luxury, space, and exceptional value. Roaming Texas Longhorns allow the agricultural exemption. The 5,611+/- square foot Mediterranean-inspired residence features 5 bedrooms, three fireplaces, expansive living areas, and seamless indoor-outdoor flow designed for entertaining. A chef's kitchen opens to generous gathering spaces, while walls of windows frame stunning lake and Hill Country views. A brand-new 2025 roof adds peace of mind. Outdoor living shines with a covered patio perfect for year-round enjoyment and an impressive 18-foot, 2,000-gallon swim spa. A separate 2-bedroom guest house includes a temperature-controlled wine room and another building that is a flexible bonus space, ideal for an art studio, gym, private office, game room or music studio. Private, floating boat dock with boat lift, jet ski and air conditioned room. Conveniently located with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander - yet worlds away in privacy and tranquility. A rare opportunity to own gated waterfront acreage with luxury amenities and low taxes.

5,611
Sq feet
5
Beds
4
Full baths
1
1/2 bath
2007
Built

Location

Street address
481 Chimney Cove Dr
Community
Chimney CV Est
School district
Marble Falls
Elevation
709 feet
Coordinates
30.5299, -98.1405

Directions

From Marble Falls: Take US-281 N to 10th St/E Farm to Market 1431 (turn right). Continue for approximately. 10.6 miles to Hickory Creek Rd. (turn right). Go approx. 1.4 miles to Chimney Cove Dr gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left.

Property details

Acreage
5 acres
MLS #
HLAR 176676
Posted

Expenses

Home Owner Assessments Fee
$750 annually

Parcels

  • 009652

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

View
Lake
Features
Landscaped

Exterior

Features
Courtyard, Rain Gutters, Sprinkler System

Structure

Stories
1
Sewer
Septic Tank
Heating
Central
Cooling
Central Air
Materials
Stone
Roof
Tile

Interior

Rooms
Bathroom x 5, Bedroom x 5, Laundry Room
Flooring
Hardwood, Saltillo
Appliances
Built-In Refrigerator, Dishwasher, Disposal, Double Oven, Gas Range, Ice Maker, Microwave, Warming Drawer, Washer Hookup
Features
Breakfast Bar, Coffered Ceiling(s), Crown Molding, Granite Counters, No Steps to Entry, Pantry, Recessed Lighting, Split Bedroom, Walk-In Closet(s), Wet Bar, Wine Cellar, Wood Ceiling

Listing history

DateEventPriceChangeSource
Feb 27, 2026New listing$2,825,000HLAR
Subscribe to listing updates

Payment calculator

This 5-acre property is located at 481 Chimney Cove Dr in Marble Falls, TX 78654. The property is available for sale for $2,825,000. It has a 5,611 sq ft 5 bedroom, 4 bath house built in 2007.

Checked 1 hour ago — Updated

Report listing issue

Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact