
Land with Home for Sale in Marble Falls, Texas
481 Chimney Cove Dr, Marble Falls, TX 78654
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.
Location
- Street address
- 481 Chimney Cove Dr
- County
- Burnet County
- Zip code
- 78654
- Community
- Chimney Cove Estates
- School district
- Marble Falls ISD
- Elevation
- 707 feet
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 Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate. From Marble Falls: From 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). Follow approx. 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate.
Property details
- Acreage
- 5.002 acres
- MLS #
- ABOR 3799877
- Posted
Property taxes
- 2025
- $16,605
Expenses
- Homeowner Association Fee
- $750 annually
Parcels
- 9652
Legal description
S3656 CHIMNEY COVE ESTATES LOT 13 5.002
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Franchise
- Keller Williams Realty
Lot
- View
- Lake, Water
- Waterfront
- Waterfront
- Features
- Agricultural, Back Yard, Cleared, Landscaped, Level, Views
Exterior
- Parking Spaces
- 5
- Parking
- Boat, Driveway, Open, RV, Secured
- Fencing
- Fenced
- Pool
- Porch
- Structures
- Boat House, Storage
- Features
- Boat Dock-Private, Boat Lift, Cctyd, Exterior Steps, Lighting, Outdoor Grill, Private Entrance, RV Hookup
Structure
- Stories
- 1
- Sewer
- Septic Tank
- Heating
- Central
- Cooling
- Ceiling Fan(s), Central Air
- Materials
- Stone
- Roof
- Tile
- Windows
- Blinds, Plantation Shutters
Interior
- Rooms
- Bathroom x 5, Bedroom x 5, Laundry Room
- Flooring
- Wood
- Fireplaces
- Yes
- Appliances
- Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Dryer, Microwave, RNGHD, Water Purifier Owned, Wine Refrigerator
- Features
- Bar, Bookcases, Built-In Features, Ceiling Fan(s), Double Vanity, Kitchen Island, No Interior Steps, Pantry, Primary Bedroom On Main, Sound System, Walk-In Closet(s)
Property utilities
| Category | Type | Status |
|---|---|---|
| Gas | Propane | Connected |
Nearby schools
| Name | Type | District |
|---|---|---|
| Colt | Elementary | Marble Falls ISD |
| Marble Falls | Middle | Marble Falls ISD |
| Marble Falls | High | Marble Falls ISD |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 7, 2026 | New listing | $2,675,000 | — | ABOR |






































