
Land with Home for Sale in Marble Falls, Texas
481 Chimney Cove Dr, Marble Falls, TX 78654
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.
Location
- Street address
- 481 Chimney Cove Dr
- County
- Burnet County
- Community
- Chimney CV Est
- School district
- Marble Falls
- Elevation
- 709 feet
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
S3656 CHIMNEY COVE ESTATES LOT 13 5.002
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
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Feb 27, 2026 | New listing | $2,825,000 | — | HLAR |





























