Price Reduced Listing
$2,595,000
 $13,931 est/mo Sourced by Back At You

481 Chimney Cove Dr,Marble Falls, TX 78654

Marble Falls, TX 78654

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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.

Details

MLS #3799877
Listing TypeFor Sale
StyleHouse
HOA Dues$750
Sub-TypeResale
StatusActive
Year2007
Days On Site47
Listing Provided ByKeller Williams - Lake Travis | Lesli Akers

Features

Bed(s)5
Bath(s) 5 Total
SQ Feet5,611
Garage3
PoolYes
Story(s)1
Acreage5.00
Water FrontYes
Property ViewHill Country, Lake, Panoramic, W

Interior

Interior FeaturesBar, 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)
CoolingCeiling Fan(s), Central Air
HeatingCentral
AppliancesBuilt-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Dryer, Microwave, RNGHD, Water Purifier Owned, Wine Refrigerator
Fireplace FeaturesDen, Family Room, Gas, Primary Bedroom, Stone, Wood Burning
Fireplaces Total3
Window FeaturesBlinds, Plantation Shutters
FlooringTile, Wood

Exterior

Exterior FeaturesBoat Dock - Private, Boat Lift, CCTYD, Exterior Steps, Lighting, Outdoor Grill, Private Entrance, RV Hookup
RoofTile
Foundation DetailsSlab
Lot FeaturesAgricultural, Back Yard, Cleared, Landscaped, Level, Views
Patio And Porch FeaturesCovered, Rear Porch
FencingFenced
Construction MaterialsStone
Security FeaturesSee Remarks

Parking

Parking FeaturesAdditional Parking, Attached, Boat, Driveway, Electric Gate, Garage Door Opener, RV Access/Parking, Secured
Garage Spaces3

Utilities

UtilitiesElectricity Connected, Propane, Sewer Connected, Water Connected
SewerSeptic Tank

Other

List AorAustin Board Of Realtors

Taxes

Property16605

Area Information

StateTX
CountyBurnet
CityMarble Falls
Zip Code78654
AreaLN
Community NameChimney Cove Estates
School DistrictMarble Falls ISD
Elementary SchoolColt
High SchoolMarble Falls
Listing VS Median (in Chimney Cove Estates)
Price:
$2,595,000
low | high
Med:
$1,375,000
97.013487475915% of Average
sqft:
5,611
low | high
Med:
3,215
92.701835679914% of Average
$ / sqft:
$462
low | high
Med:
$428
57.524938795446% of Average
On site:
47
low | high
Med:
216
21.759259259259% of Average
Sourced by Back At You

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 Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of August 22, 2026 at 11:25:27 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTX
CountyBurnet
CityMarble Falls
Zip Code78654
AreaLN
Community NameChimney Cove Estates
School DistrictMarble Falls ISD
Elementary SchoolColt
High SchoolMarble Falls
Listing VS Median (in Chimney Cove Estates)
Price:
$2,595,000
low | high
Med:
$1,375,000
97.013487475915% of Average
sqft:
5,611
low | high
Med:
3,215
92.701835679914% of Average
$ / sqft:
$462
low | high
Med:
$428
57.524938795446% of Average
On site:
47
low | high
Med:
216
21.759259259259% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.946M - $3.243M
sqft: 4,000 - 7,000
Nearby Listings Property ImageNearby Listings Details
481 Chimney Cove Drive Property Photo 1
$2,675,000
481 Chimney Cove Drive
Marble Falls, TX 78654
Listing Updated: August 21, 2026 at 10:30:19 AM PDT