481 Chimney Cove Drive
Marble Falls, TX, 78654
$
2,595,000
Bedrooms5
Baths4.1
Sq
5,611
Monthly Estimate*
$
16,385
for $2,595,000 with 5 bedrooms and 4 full baths, 1 half bath. This 5,611 square foot home was built in 2007 on a lot size of 5.002.
Welcome to the HOUSE OF THE GOOD LIFE, Villa La Vita e’ Bella! Estate Gated Escape on 5 Acres (with 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 ft 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.
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Features
Interior
Interior Features
Built-in Features
Decorative Lighting
Double Vanity
Eat-in Kitchen
Granite Counters
High Speed Internet Available
Kitchen Island
Pantry
Vaulted Ceiling(s)
Walk-In Closet(s)
Flooring
Tile
Wood
Basement Y/N
0
Dining Areas
2
Living Areas
2
Half Baths
1
Total Bedrooms
5
Total Baths
5
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General
Heating
Central
Fireplace(s)
Cooling
Ceiling Fan(s)
Central Air
Utilities
Electricity Connected
Sewer Available
Underground Utilities
Possession
Closing/Funding
Roof
Tile
Appliances
Built-in Refrigerator
Dishwasher
Disposal
Gas Range
Ice Maker
Microwave
Double Oven
Warming Drawer
Assoc Fees
750
Number of Garage Spaces
4
Restrictions
Deed
School District
Marble Falls ISD
HOA Fee Includes
Maintenance Grounds
Management Fees
Pool Y/N
1
Year Built
2007
Levels
One
Property Subtype
Single Family Residence
Subdivision Name
Chimney Cove Estates
Accessibility Features
Accessible Hallway(s)
Transaction Type
For Sale
Occupant Type
Owner
County
Burnet
Property Type
Residential
Construction Materials
Rock/Stone
Year Built Details
Preowned
HOA Type
Mandatory
Special Notes
Aerial Photo
Flood Plain
Survey Available
Full Baths
4
Status
Active
Directions
From Austin: Take I-35 N
US-183 N
Lakeline Blvd and FM1431-RM 1431 W to Hickory Creek Rd (take left). Follow approximately 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on
City
Marble Falls
Elementary School Name
Colt
High School
Marblefall
Elementary School
Colt
Standard Status
Active
Listing Terms
Cash
Conventional
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Exterior
Waterfront
1
Exterior Features
Boat Slip
Covered Patio/Porch
Rain Gutters
Lighting
Outdoor Living Center
Private Entrance
Private Yard
RV/Boat Parking
Lot Features
Agricultural
Cleared
Landscaped
Level
Lrg. Backyard Grass
Sprinkler System
Water/Lake View
Waterfront
Fencing
Rock/Stone
Wrought Iron
Soil Type
Unknown
Other Structures
Guest House
RV/Boat Storage
See Remarks
Parking Features
Circular Driveway
Driveway
Electric Gate
Enclosed
Garage
Garage Door Opener
Garage Faces Front
Inside Entrance
RV Access/Parking
Secured
Storage
WaterFront Features
Dock – Covered
Lake Front
Lot Size
5 to < 10 Acres
Foundation
Slab
Pool Features
Pool/Spa Combo
Structural Style
Single Detached
Garage Y/N
1
Attached Garage Y/N
1
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* Excluded Features
List By
Lesli Akers
Listing Agent
Keller Williams - Lake Travis
Broker
Affordability Calculator
- Monthly Principal & Interest
- $16,385
- Monthly Property Taxes
- $2,581
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save
Nearby
Single family listings in Marble Falls, TX
Average List Price
$720,595
Percent of Sale Price
72%
About Marble Falls, TX
6,846
Population
31%
Since 2002
$
47,287
Median Income
38.08
Median Age
26%
Households with Children
Trends Information provided by ATTOM Data Solutions.
4491693
Elementary School
5136172
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
8/21/2026
|
$2,595,000
|
-2.99%
|
Price Down
|
|
7/22/2026
|
$2,675,000
|
|
Listed Price
|