311 Oleander Dr,Marble Falls, TX 78654
Marble Falls, TX 78654
Description
Offering a 1/6 deeded ownership interest (Tenants in Common) in this exceptional Lake LBJ waterfront residence. List price reflects the purchase price of one fractional ownership share only, approximately $350,000, and does not represent ownership of the entire property. Cash purchase required. Financing for fractional ownership is generally limited. Enjoy approximately eight weeks of exclusive annual use through a professionally managed rotating reservation schedule. Ownership includes a deeded 1/6 undivided interest in this beautifully appointed waterfront home, designed for effortless enjoyment and low-maintenance ownership. Located in the desirable Shady Acres community, this stunning single-story residence offers approximately 205 feet of protected channel frontage with quick access to open water. The thoughtfully designed floor plan features expansive open living spaces, a chef’s kitchen with a propane range, dual dishwashers, and a separate baker’s kitchen, making it ideal for entertaining. The spacious primary suite includes a fireplace, dual vanities, a clawfoot soaking tub, separate walk-in shower, oversized walk-in closet, and direct access to the resort-style pool. A detached guest casita with a living area, kitchenette, bedroom, and full bath provides additional privacy for family and guests. Outdoor amenities include a resort-style pool with waterfall, multiple fire pit seating areas, covered patio, hydraulic boat slip with automated enclosure, two jet ski lifts, and beautifully landscaped grounds designed to maximize lake living. Ownership is professionally supported by a concierge and property management team, providing a true lock-and-leave lifestyle. Contact listing agent for complete ownership details, operating expenses, reservation schedule, and fractional ownership information.
Details
| MLS # | 7902186 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $200 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 98 |
| Listing Provided By | MCM Land Company LLC | Kasey Mercurio |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 4,143 |
| Garage | 2 |
| Pool | Yes |
| Story(s) | 1 |
| Acreage | 0.60 |
| Water Front | Yes |
| Property View | Canal, Lake, Neighborhood, Water |
Interior
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Central |
| Appliances | Built-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop, Refrigerator |
| Fireplaces Total | 1 |
| Flooring | Tile |
Exterior
| Exterior Features | Boat Dock - Private, Boat Lift, Exterior Steps, Private Entrance, Private Yard |
|---|---|
| Foundation Details | Slab |
| Lot Features | Back Yard, Few Trees, Front Yard, Level, Native Plants, Private, Sprinklers In Rear, Sprinklers In Front, Trees-Medium (20 Ft - 40 Ft), Waterfall |
| Patio And Porch Features | Patio, Rear Porch, Side Porch |
| Fencing | Back Yard, Fenced, Full, Gate, Wood, Wrought Iron |
| Construction Materials | See Remarks, Brick, Stone |
Parking
| Parking Features | Detached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Paved, Private |
|---|---|
| Garage Spaces | 2 |
Utilities
| Utilities | Electricity Connected, Propane, Underground Utilities, Water Connected |
|---|---|
| Sewer | Aerobic Septic, Septic Tank |
Other
| List Aor | Austin Board Of Realtors |
|---|
Taxes
| Property | 363198 |
|---|
Area Information
| State | TX |
|---|---|
| County | Burnet |
| City | Marble Falls |
| Zip Code | 78654 |
| Area | BU |
| Community Name | Shady Acres |
| School District | Marble Falls ISD |
| Elementary School | Marble Falls |
| High School | Marble Falls |
| Listing VS Median (in Shady Acres) | |
Price: $2,199,000 low | high Med: $2,224,500 sqft: 4,143 low | high Med: 3,525 $ / sqft: $531 low | high Med: $653 On site: 98 low | high Med: 136.5 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 28, 2026 at 11:46:19 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | TX |
|---|---|
| County | Burnet |
| City | Marble Falls |
| Zip Code | 78654 |
| Area | BU |
| Community Name | Shady Acres |
| School District | Marble Falls ISD |
| Elementary School | Marble Falls |
| High School | Marble Falls |
| Listing VS Median (in Shady Acres) | |
Price: $2,199,000 low | high Med: $2,224,500 sqft: 4,143 low | high Med: 3,525 $ / sqft: $531 low | high Med: $653 On site: 98 low | high Med: 136.5 | |
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