Active

481 Chimney Cove Drive

Marble Falls, TX 78654
Mark as Favorite
Bed 5

Bed

Bath 5

Bath

SqFt5,611

Sqft

Acres5.00

Acres(Lot)

Villa La Vita e’ Bella – Gated Waterfront Escape on 5 Acres with Ag Exemption Welcome to House of the Good Life, a rare, private gated waterfront estate where 318 feet of shoreline, panoramic water views, and unforgettable sunsets create an extraordinary setting for refined living and effortless entertaining, all complemented by a remarkably low 1.3233% agricultural exempt tax rate. Set on 5 pristine, park-like acres within an exclusive gated community, this Mediterranean-inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities. Ideally positioned for both seclusion and convenience, with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms, featuring three 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 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. With expansive acreage, significant waterfront, and ag-exempt status supported by grazing Longhorns, this one-of-a-kind estate invites you to live beautifully and experience the good life.

Read More Expand

Detail Ic Property Details

Property Type : Residential

Price : $2,695,000

AD Id : 75691710

MLS Id : 4878913

Beds : 5

Lot Size : 5.00 Acres

Living Area Size : 5,611

Year Built : 2007

Garage : 3

County : Burnet

Subdivision: Chimney Cove Estates

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 5 Full Baths: 4 Half Baths: 1

    Roofing Information

    Tile

    Flooring Information

    Tile, Wood
  • Interior Features

    Bookcases, BuiltInFeatures, CeilingFans, DoubleVanity, KitchenIsland, MainLevelPrimary, NoInteriorSteps, Pantry, SoundSystem, Storage, Bar, WalkInClosets, WiredForSound
    Roof: Tile
    Appliances: BuiltInGasRange, BuiltInOven, BuiltInRefrigerator, Dryer, Dishwasher, Disposal, Microwave, WaterPurifierOwned, RangeHood, WineRefrigerator
    Laundry Features: LaundryRoom, WasherHookup
  • Heating & Cooling

    Heating: Central Has Cooling: Yes Water front: 1

  • Building Information

    Year Built: 2007
    Construction Materials: Stone
    Stories: 1
    Pool Features: InGround, PoolSpaCombo
    Private Pool: Yes
    Water front Features: Waterfront,BoatRampLiftAccess
    View: Hills, Lake, Panoramic, Water
    Association Fee Frequency: Annually
  • Exterior Features

    Exterior Features: BoatLift, CoveredCourtyard, Dock, ExteriorSteps, Lighting, OutdoorGrill, PrivateEntrance, RvHookup

  • Lot Information

    Main Square Feet: 5.002 Lot Size Acres: 5.002 Lot Description: Agricultural,BackYard,Cleared,Landscaped,Level,Views

    Property Information

    Subdivision: Chimney Cove Estates Source Property Type: Residential Property SubType: Single Family Residence Direction Faces: Northwest Levels: One Property Age: 19

  • Listing Price Information

    Listing Price: $2695000
    Cash, Conventional, VaLoan

  • Tax Information

    Parcel Number: 9652 Tax Lot: 13 Tax Year: 2025 Annual Tax: $16605.11 Tax Legal Desc: S3656 CHIMNEY COVE ESTATES LOT 13 5.002

  • Parking Information

    AdditionalParking, Attached, Boat, Driveway, ElectricGate, Garage, GarageDoorOpener, RvAccessParking, Secured

    Garage Information

    Garage Space: 3

    Homeowners Association Information

    Has Association: Yes
    Included Fees: CommonAreaMaintenance, SeeRemarks
    HOA: $750.00
    Community Features: Gated

  • School Information

    Elementary School: Colt Junior High School: Marble Falls Senior High School: Marble Falls
  • Utility Information

    ElectricityConnected, Propane, SewerConnected, WaterConnected
  • Location Information

    Direction: From Austin: Take I-35 N, US-183 N, Lakeline Blvd and FM1431/RM 1431 W to Hickory Creek Rd (take left). Follow approximately 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate. From Marble Falls: From US-281 N to 10th St/E Farm to Market 1431 (turn right). Continue for approximately. 10.6 miles to Hickory Creek Rd. (turn right). Follow approx. 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate. WaterSource: SeeRemarks
Sell a home like this and save $161,201 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
24105 Fm 1431, Marble Falls, TX, 78654 $2,300,000 2 1 800 800 SqFt
6021 Circle J Road, Marble Falls, TX, 78654 $1,899,999 6 6 6,095 6,095 SqFt
23535 Lakeside Drive, Marble Falls, TX, 78654 $899,000 3 3 2,720 2,720 SqFt
23614 Midway Drive, Marble Falls, TX, 78654 $639,000 3 1 1,000 1,000 SqFt
4834 Travis Oaks Drive, Marble Falls, TX, 78654 $800,000 4 3 3,191 3,191 SqFt
23521 Flat Creek Drive, Marble Falls, TX, 78654 $1,355,000 4 4 3,644 3,644 SqFt
23709 NE Circle Drive, Marble Falls, TX, 78654 $390,000 2 2 1,440 1,440 SqFt
23901 Redbird Trail, Marble Falls, TX, 78654 $549,900 3 2 1,512 1,512 SqFt
4948 Travis Oaks Drive, Marble Falls, TX, 78654 $545,000 3 3 2,696 2,696 SqFt
24415 Singleton Bend Road, Marble Falls, TX, 78654 $725,000 4 4 2,943 2,943 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/07/2026 @ 05:14

MLS: 4878913 LISTED BY: Kimberly Christman, Kuper Sotheby's Int'l Realty 512-261-0008 SOURCE: ACTRIS

Selling? Save $161,201 when you sell a home like this

Tour with a ByOwner Agent