501 Oleander DriveMarble Falls, TX 78654

Description

Rare opportunity on constant-level Lake LBJ with 163 feet of prime waterfront in the quiet and quaint Shady Acres subdivision, ideally situated between Granite Shoals and Kingsland. Nestled on a beautifully maintained .51-acre lot with lush grass and mature trees, this charming 2 bedroom, 2 bath waterfront home offers the perfect blend of comfort, convenience, and lakefront living. Inside, you'll find wood plank tile flooring throughout the main living areas, carpet in the bedrooms, a cozy wood-burning fireplace, and an updated kitchen featuring quartz countertops. The spacious bathroom includes a walk-in tile shower for a modern touch. Step outside to enjoy the large covered patio overlooking the serene backyard and sparkling waters of Lake LBJ—perfect for relaxing or entertaining. The property is well-equipped for lake life with a 1-stall boat dock with electric lift, separate fishing dock, detached 2-car garage, and a workshop/storage building with attached RV carport. Conveniently located near Marble Falls shopping, dining, and entertainment, while also just minutes from Kingsland’s popular waterfront restaurants and attractions. Beautiful waterfront, mature landscaping, and an unbeatable location make this Lake LBJ property a must-see.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

HillCountry

Year built

1978

Living area

1,792 Sq Ft

Lot size

0.51 acres

Garage spaces

2

Days on market

126

MLS^® Listing#

614885

Property Features

Interior

Ceiling Fan(s) · High Ceilings · Recessed Lighting · See Remarks · Walk-In Closet(s) · Breakfast Bar · Pantry

Exterior

Rain Gutters · Storage

Appliances

Electric Range · Electric Water Heater · Microwave · Refrigerator · Range

Cooling

Ceiling Fan(s) · Central Air · Electric

Heating

Central · Electric

Flooring

Carpet · Tile

Fireplace

Living Room · Wood Burning

Pool

None

Parking

Detached · Garage · RV Garage

Laundry

Washer Hookup · Main Level · Laundry Room

Patio

Porch · Covered · Patio

Fencing

Back Yard · Chain Link · Partial

Lot features

City Lot · Level · Waterfront

Construction

Brick Veneer · Frame · HardiPlank Type

Foundation

Slab

Roof

Composition · Shingle

Other structures

Storage · Workshop

Community

Park

Utilities

Electricity Available · Other · See Remarks

Sewer

Septic Tank

Water source

Public

Schools

Elementary

Highland Lakes Elementary

Middle

Marble Falls Middle School

High

Marble Falls High School

Financial Details

HOA

$75 / AnnuallyAssociation: Shady Acres

Annual taxes

$14,518Tax year 2026

Parcel number

38479

Directions

Take FM 1431 West toward Kingsland, Left on CR 131, Right on Willow, Left on Oleander, House on your Left.