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Land with Home for Sale in Marble Falls, Texas

481 Chimney Cove Dr, Marble Falls, TX 78654

$2,675,000
5 acres
Active sale
ago
Est $15,114/mo

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.

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

Location

Street address
481 Chimney Cove Dr
Zip code
78654
Community
Chimney Cove Estates
School district
Marble Falls ISD
Elevation
707 feet
Coordinates
30.5299, -98.1405

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

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

CategoryTypeStatus
GasPropaneConnected

Nearby schools

NameTypeDistrict
ColtElementaryMarble Falls ISD
Marble FallsMiddleMarble Falls ISD
Marble FallsHighMarble Falls ISD

Listing history

DateEventPriceChangeSource
July 7, 2026New listing$2,675,000ABOR
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This 5.002-acre property is located at 481 Chimney Cove Dr in Marble Falls, TX 78654. The property is available for sale, priced at $2,675,000. It has a 5,611 square foot 5-bedroom, 4.5-bath house built in 2007.

Listed by Keller Williams Lake Travis, (512) 448-4111

Checked 1 hour agoUpdated Source

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