311 Oleander DrMarble Falls, TX 78654

Description

Discover one of Marble Falls' most extraordinary waterfront estates, offering approximately 200 ft of channel frontage. and a level of luxury rarely found on Lake LBJ. This listing offers 1/6 deeded ownership interest (Tenants in Common). List price reflects the purchase price of one fractional ownership share only, not the entire property. Cash purchase is required. Financing for fractional ownership is generally limited. Owners enjoy approximately 8 weeks of annual exclusive use through a professionally managed rotating reservation schedule, combining luxury ownership with a true lock-and-leave lifestyle. Designed for exceptional entertaining, this 4,500 sq ft single story residence features an expansive open living room where walls of windows frame peaceful waterfront views. The gourmet kitchen is equipped with propane range, dual dishwashers, premium finishes, while the separate prep and baker's kitchen offers additional appliances, freezers, sinks, and abundant workspace for effortless hosting. Outside, the estate transforms into a private waterfront resort. An oversized pool with cascading waterfall is surrounded by towering palms, lush professional landscaping, a sandy beach-style lounging area, 2 fire pits, and an expansive patio overlooking the water. A separate pool house provides additional accommodations with a bedroom, living area, kitchenette, and full bath. The detached two-car garage includes 3 additional storage rooms. The 203 ft of waterfront is complemented by a covered hydraulic boat slip with an automated enclosure, two jet ski lifts, and a fully fenced lawn extending to the water's edge. Professionally managed ownership allows you to enjoy an exceptional luxury lakefront lifestyle without the responsibilities of full-time ownership. Contact listing agent for total property value, ownership details, reservation schedule, and fractional ownership documents.

Property Information

Property type

Residential

Year built

1970

Living area

4,143 Sq Ft

Lot size

0.60 acres

Garage spaces

2

Parking spaces

7

Ownership

Fractional

Days on market

25

MLS^® Listing#

5525989

Property Features

Interior

Breakfast Bar · Built-in Features · Ceiling Fan(s) · Beamed Ceilings · Granite Counters · Crown Molding · Double Vanity · Eat-in Kitchen · Kitchen Island · Natural Woodwork · Open Floorplan · Pantry · Recessed Lighting · Soaking Tub · Sound System · Storage · Track Lighting · Walk-In Closet(s) · Master Downstairs

Exterior

Dock · Boat Slip · Private Entrance · Private Yard

Appliances

Built-In Gas Oven · Dishwasher · Disposal · ENERGY STAR Qualified Dryer · ENERGY STAR Qualified Washer · Free-Standing Freezer · Microwave · Double Oven · Propane Cooktop · Refrigerator

Cooling

Ceiling Fan(s) · Central Air

Heating

Central

Flooring

Tile

Fireplace

Living Room · Stone

Pool

In Ground · Outdoor Pool · Waterfall · Private

Parking

Detached · Driveway · Garage · Garage Door Opener · Garage Faces Front · Kitchen Level · Paved · Private

Laundry

Laundry Room · Main Level · See Remarks

Patio

Patio · Rear Porch · Side Porch

Fencing

Fenced · Back Yard · Full · Gate · Wood · Wrought Iron

Lot features

Back Yard · Few Trees · Front Yard · Level · Native Plants · Private · Sprinklers In Rear · Sprinklers In Front · Waterfall · Waterfront

Construction

See Remarks · Brick · Stone

Foundation

Slab

Roof

Shingle

Windows

Blinds · Double Pane Windows · Skylight(s)

Security

Carbon Monoxide Detector(s) · Secured Garage/Parking · Smoke Detector(s)

Other structures

Garage(s) · Pool House

Utilities

Electricity Connected · Propane · Underground Utilities · Water Connected

Sewer

Aerobic Septic · Septic Tank

Water source

Public

Schools

Elementary

Marble Falls

Middle

Marble Falls

High

Marble Falls

Financial Details

HOA

$200 / AnnuallyAssociation: Shady Acres POA

Annual taxes

$363,199Tax year 2025

Assessed value

$28,750,000

Parcel number

38471

Directions

In Marble Falls, Head North on Highway 281 Turn Left onto RM 1431 W/10th St Turn Left onto Post Oak Rd Turn Right onto Willow Rd Turn Left onto Oleander Dr You will arrive at 311 Oleander Dr on your left hand side