311 Oleander Dr, Marble Falls, TX

$350,000

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4

Beds

2.1

Baths

4,143

Square feet

0.60

Acres

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 4
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 September 14th, 2026 at 11:04am 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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