501 Oleander Drive Marble Falls, TX $ 825,000
501 Oleander Drive
$ 825,000
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501 Oleander Drive

Marble Falls, TX, 78654
$ 825,000
Bedrooms2 Baths2.0 Sq 1,792

Monthly Estimate*

$ 5,698

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Single Family Home for sale in Marble Falls, TX

for $825,000 with 2 bedrooms and 2 full baths. This 1,792 square foot home was built in 1978 on a lot size of 0.51.

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.

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Single Family Active

Price

$ 825,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.51

Year Built

1978

Town/City

Marble Falls

County/Region

Burnet

MLS | Web ID

614885

Features
General
Sewer Septic Tank
Utilities Electricity Available Other See Remarks
Possession Closing & Funding Closing
HOA 75
Pool Features None
Property SubType Single Family Residence
Waterfront Features Boat Ramp/Lift Access Dock Access Water Access
Community Features Park
Assoc Fee Paid Per Annually
County Burnet
Property Type Residential
Home Owner Assoc true
Attached Garage false
Subdivision Name Shady Acres
Garage Y/N true
Other Structures Storage Workshop
Status Active
Directions Take FM 1431 West toward Kingsland Left on CR 131 Right on Willow Left on Oleander House on your Left.
City Marble Falls
Body of Water Lake LBJ
High School District Marble Falls ISD
Standard Status Active
Middle/Junior School District Marble Falls ISD
Elementary School District Marble Falls ISD
Property Sub Type Additional Single Family Residence
Heating Central Electric
Cooling Central Air Electric
Roof Composition Shingle
Appliances Electric Range Electric Water Heater Microwave Refrigerator Some Electric Appliances Range
Garage Spaces 2
Patio/Porch Features Covered Patio Porch
Architectural Style Hill Country
Construction Materials Brick Veneer Frame HardiPlank Type
Year Built 1978
Stories 1
Levels One
Total Rooms 6
Full Baths 2
High School Marble Falls High School
Elementary School Highland Lakes Elementary
Middle/Junior High School Marble Falls Middle School
Year Built Source Assessor
Expected Active Date 2026-05-26T00:00:00Z
Occupancy Type Vacant
Property Condition Resale
View Lake
Legal Description S7530 SHADY ACRES LOT 151 & 152 SEC 2 & FILL & SUBMERGED
Tax Lot 151
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Interior
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Interior Features Ceiling Fan(s) High Ceilings Recessed Lighting See Remarks Walk-In Closet(s) Breakfast Bar Kitchen/Family Room Combo Pantry Sun Room
Flooring Carpet Tile
Total Fireplaces 1
Half Baths 0
Total Bedrooms 2
Total Baths 2
Laundry Features Washer Hookup Laundry in Utility Room Main Level Laundry Room
Fireplace Features Living Room Wood Burning
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Exterior
Fencing Back Yard Chain Link Partial
Water Source Public
Spa false
Lot Size Acres 0.51
Road Surface Type Paved
Waterfront Y/N true
Horse Y/N false
Exterior Features Covered Patio Porch Rain Gutters Storage
Foundation Details Slab
Parking Features Detached Garage RV Garage
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Dana Yarter

Listing Agent

Re/Max Marble Falls

Broker

dana@remax-mftx.com

Email

Affordability Calculator

$5,698
Per Month
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Monthly Principal & Interest
$5,698
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Marble Falls High School High School High School
Pricing History
DatePricePrice ChangeDescription
7/7/2026$825,000 -8.23% Price Down
5/26/2026$899,000 Listed Price

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501 Oleander Drive, Marble Falls, TX, 78654 is a Single Family Home for sale at $825,000 with 1,792 sqft and a lot size of 0.51. 501 Oleander Drive has 2 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 78654 which is in Marble Falls, TX