About 481 Chimney Cove Dr
Welcome to the HOUSE OF THE GOOD LIFE, "Villa La Vita e’ Bella" ! Estate Gated Escape on 5 Acres (w/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' 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.
Features of 481 Chimney Cove Dr
| MLS® # | 3799877 |
|---|---|
| Price | $2,595,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Full Baths | 4 |
| Half Baths | 1 |
| Square Footage | 5,611 |
| Acres | 5.00 |
| Year Built | 2007 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
| Has Pool | Yes |
Water Feature/View
| View | Hills,Lake,Panoramic,Water,Lake Travis |
|---|---|
| Is Waterfront | Yes |
| Water Body | Lake Travis |
Community Information: Marble Falls
| Address | 481 Chimney Cove Dr |
|---|---|
| Area | LN |
| Subdivision | Chimney Cove Estates |
| City | Marble Falls |
| County | Burnet |
| State | TX |
| Zip Code | 78654 |
Amenities of 481 Chimney Cove Dr
| Utilities | Electricity Connected, Sewer Connected, Water Connected, Propane |
|---|---|
| Features | Gated |
| Parking | Additional Parking, Attached, Driveway, Garage, Boat, Electric Gate, RV Access/Parking, Secured |
| # of Garages | 3 |
| Garages | Garage Door Opener |
Interior of 481 Chimney Cove Dr
| Interior | Tile, Wood |
|---|---|
| Appliances | Built-In Gas Range, Built-In Oven, Built-In Refrigerator, Dryer, Dishwasher, Disposal, Microwave, Range Hood, Wine Refrigerator, Water Purifier Owned |
| Heating | Central |
| Fireplace | No |
| # of Fireplaces | 3 |
| Fireplaces | Family Room, Gas, Den, Primary Bedroom, Stone, Wood Burning |
| # of Stories | 1 |
| Stories | One |
Exterior of 481 Chimney Cove Dr
| Exterior Features | Exterior Steps, Lighting, Private Entrance, RV Hookup, Boat Lift, Covered Courtyard, Dock, Outdoor Grill |
|---|---|
| Lot Description | Back Yard, Landscaped, Level, Views, Agricultural, Cleared |
| Roof | Tile |
| Construction | Stone |
| Foundation | Slab |
School Information
| District | Marble Falls ISD |
|---|---|
| Elementary | Colt |
| Middle | Marble Falls |
| High | Marble Falls |
Additional Information On 481 Chimney Cove Dr
| Days on Market | 69 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 750 |
| HOA Fees Freq. | Annually |
| Gated Community | Yes |
Property History
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: Keller Williams - Lake Travis(512) 584-6264. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 13th, 2026 at 4:30am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Map to 481 Chimney Cove Dr, Marble Falls
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