This rare 2.19-acre lakefront property offers a once-in-a-generation opportunity on Lake LBJ! With 311' of wide open cove frontage, the setting is ideal for swimming, paddleboarding, fishing, or simply enjoying peaceful lake views. At the heart of the property is a stunning 100-foot waterfall designed to mimic a natural spring. Flowing through the center of the land, it adds a tranquil, unforgettable focal point. The existing 3-bed, 2-bath home offers comfortable living as-is and could serve as a base for your dream build or family compound. There's a covered carport, dedicated storage for lake toys, and ample room to expand — including space for a pool or multiple new builds. Zoned to allow short-term rentals, this property presents unique investment and redevelopment potential, with access from three separate roads (Castlehigh Dr, Mallard Point, and N Shorewood Dr). With the ability to develop 2 to 3 lake homes, it’s the perfect setup for a private family estate or boutique rental retreat. Follow the virtual tour link for an example of what you can expect from a new build! Lakefront properties with this much acreage and flexibility are almost unheard of—don't miss the chance to create something truly special, a legacy-level investment on Lake LBJ!
Features of 310 Castlehigh Dr
MLS® #
9015150
Price
$3,250,000
Bedrooms
3
Bathrooms
2.00
Full Baths
2
Square Footage
2,112
Acres
2.19
Year Built
1969
Type
Residential
Sub-Type
Single Family Residence
Status
Active
Has Pool
No
Water Feature/View
View
Lake,Panoramic,Lake LBJ
Is Waterfront
Yes
Water Body
Lake LBJ
Community Information: Granite Shoals
Address
310 Castlehigh Dr
Area
BU
Subdivision
Greencastle
City
Granite Shoals
County
Burnet
State
TX
Zip Code
78654
Amenities of 310 Castlehigh Dr
Utilities
Electricity Connected, Water Connected
Features
Park
Parking
Carport
Interior of 310 Castlehigh Dr
Interior
Carpet, Laminate
Appliances
Electric Range, Refrigerator
Heating
Central
Fireplace
No
# of Fireplaces
2
Fireplaces
None
# of Stories
2
Stories
Two
Exterior of 310 Castlehigh Dr
Exterior Features
None
Lot Description
Sloped Down, Gentle Sloping, Moderate Trees
Roof
Composition
Construction
Wood Siding
Foundation
Slab
School Information
District
Marble Falls ISD
Elementary
Marble Falls
Middle
Marble Falls
High
Marble Falls
Additional Information On 310 Castlehigh Dr
Days on Market
126
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $3,750,000 to $3,250,000
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: Fokus Waterfront(512) 627-3779. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 24th, 2025 at 8:13pm 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.
