401 Crestview DrMarble Falls, TX 78654

Description

Perched above Lake Marble Falls in a quiet, laid-back area of town, this rare 1.67-acre dual-lot property offers the perfect blend of relaxed lake living and unmatched versatility for entrepreneurs, investors, and outdoor enthusiasts. This unique, in-town opportunity features 3 different structures for future flexibility. The main home, with quaint 1950s charm, features 4 bedrooms, 3.5 baths, two spacious living areas, and outdoor spaces with panoramic lake and Hill Country views. Primary and secondary bedroom suites are located on the main floor, while the lower level includes two additional bedrooms and a game room. Near the main home, a modern two-story structure could act as a guest home with an upstairs apartment and deck with incredible views. Downstairs is a converted garage bunkroom with a kitchenette and bath, offering flexible accommodations for guests, extended stays, or short-term rentals. Adjacent to the main house, the third structure spans approximately 3000 SF with 2100 SF of fully insulated and heated/cooled garage, including a half bath and large spaces for equipment storage or all the hobby areas you need! This building adds extraordinary functionality rarely found on the lake and in town. It is ready to be a workshop, office, exercise room, additional parking, etc. A golf cart path winds down to a private single-slip boat dock with a party deck and storehouse, creating effortless access to days on the water. Enjoy the structures as they stand, or plan your own custom build. All this plus convenience to shopping, restaurants, and necessities in Marble Falls. Less than half a mile to Bluebonnet Cafe, a half mile to Main Street and live music at Old Oak Square, and only 1.3 miles from HEB. City utilities. Short-term rentals are allowed with registration with the City. Nothing like it elsewhere on the lake at this price point. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1950

Living area

5,184 Sq Ft

Lot size

1.67 acres

Garage spaces

7

Parking spaces

10

Ownership

Fee-Simple

Days on market

124

MLS^® Listing#

4283530

Property Features

Interior

Recessed Lighting · Soaking Tub · Walk-In Closet(s) · Master Downstairs

Exterior

Dock · Boat Slip · Private Yard

Appliances

Oven · Dishwasher · Gas Cooktop · Microwave · Refrigerator · Stainless Steel Appliance(s)

Cooling

Central Air

Heating

Central

Flooring

Concrete · Tile · Wood

Fireplace

Bath · Living Room

Pool

None

Parking

Additional Parking · Attached · Garage · RV Access/Parking · Workshop in Garage

Laundry

Laundry Room · Multiple Locations

Patio

Covered · Deck · Porch

Fencing

None

Lot features

Back Yard · Corner Lot · Front Yard · Private · Sloped Down · Views · Waterfront

Construction

HardiPlank Type · Stone

Foundation

Slab

Roof

Membrane · Metal

Windows

Window Treatments

Other structures

Guest House · Workshop

Community

None

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Colt

Middle

Marble Falls

High

Marble Falls

Financial Details

HOA

None

Annual taxes

$25,425Tax year 2026

Assessed value

$1,446,009

Parcel number

63945

Directions

From 281, turn onto 4th Street. Property is located at the corner of Crestview Drive and 4th Street.