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.
Features of 501 Oleander Drive
MLS® #
614885
Price
$825,000
Bedrooms
2
Bathrooms
2.00
Full Baths
2
Square Footage
1,792
Acres
0.51
Year Built
1978
Type
Residential
Sub-Type
Single Family
Style
Hill Country
Status
Active
Has Pool
No
Water Feature/View
Is Waterfront
Yes
Water Body
Lake LBJ
Community Information: Marble Falls
Address
501 Oleander Drive
Subdivision
Shady Acres
City
Marble Falls
County
Burnet
State
Texas
Zip Code
78654
Amenities of 501 Oleander Drive
Utilities
Electricity Available, Other, See Remarks
Features
Park
Parking
Detached, Garage, RV Garage
# of Garages
2
Interior of 501 Oleander Drive
Interior
Carpet, Tile
Appliances
Electric Range, Electric Water Heater, Microwave, Range, Refrigerator, Some Electric Appliances
Heating
Central, Electric
Cooling
Electric, Central Air
Fireplace
Yes
# of Fireplaces
1
Fireplaces
Living Room, Wood Burning
# of Stories
1
Stories
One
Exterior of 501 Oleander Drive
Exterior Features
Rain Gutters, Covered Patio, Porch, Storage
Roof
Composition, Shingle
Construction
Brick Veneer, Frame, HardiPlank Type
Foundation
Slab
School Information
District
Marble Falls ISD
Elementary
Highland Lakes Elementary
Middle
Marble Falls Middle School
High
Marble Falls High School
Additional Information On 501 Oleander Drive
Days on Market
42
Foreclosure
No
RE / Bank Owned
No
HOA Fees
75
HOA Fees Freq.
Annually
Gated Community
No
Property History
Price Reduced from $899,000 to $825,000
The information being provided by the Central Texas MLS is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: RE/MAX Marble Falls. The data is deemed reliable but is not guaranteed accurate by the MLS.
