About 311 Oleander Dr
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.
Features of 311 Oleander Dr
| MLS® # | 5525989 |
|---|---|
| Price | $350,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 4,143 |
| Acres | 0.60 |
| Year Built | 1970 |
| Type | Residential |
| Sub-Type | Other |
| Status | Active |
| Has Pool | Yes |
Water Feature/View
| View | Canal,Lake,Neighborhood,Water,Lake LBJ |
|---|---|
| Is Waterfront | Yes |
| Water Body | Lake LBJ |
Community Information: Marble Falls
| Address | 311 Oleander Dr |
|---|---|
| Area | BU |
| Subdivision | Shady Acres |
| City | Marble Falls |
| County | Burnet |
| State | TX |
| Zip Code | 78654 |
Amenities of 311 Oleander Dr
| Utilities | Electricity Connected, Propane, Underground Utilities, Water Connected |
|---|---|
| Features | See Remarks |
| Parking | Driveway, Detached, Garage Faces Front, Garage, Paved, Kitchen Level, Private |
| # of Garages | 2 |
| Garages | Garage Door Opener |
Interior of 311 Oleander Dr
| Interior | Tile |
|---|---|
| Appliances | Double Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Built-In Gas Oven, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Propane Cooktop |
| Heating | Central |
| Fireplace | No |
| # of Fireplaces | 1 |
| Fireplaces | Living Room, Stone |
| # of Stories | 1 |
| Stories | One |
Exterior of 311 Oleander Dr
| Exterior Features | Boat Lift, Dock, Exterior Steps, Private Entrance, Private Yard, Boat Slip |
|---|---|
| Lot Description | Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Level, Native Plants, Private, Sprinklers In Ground, Few Trees, Trees Medium Size, Waterfall |
| Roof | Shingle |
| Construction | Brick, Stone, See Remarks |
| Foundation | Slab |
School Information
| District | Marble Falls ISD |
|---|---|
| Elementary | Marble Falls |
| Middle | Marble Falls |
| High | Marble Falls |
Additional Information On 311 Oleander Dr
| Days on Market | 24 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 200 |
| HOA Fees Freq. | Annually |
| Gated Community | No |
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: MCM Land Company LLC(512) 705-2504. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 4th, 2026 at 6:45pm 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 311 Oleander Dr, Marble Falls
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