Price cut
$825,000
2 bd · 2 ba · 1,792 sqft · 0.51 acre lot
501 Oleander Dr, Marble Falls, TX 78654
Single family · Built 1978 · $460/sqft ·
$5,409/mo est. payment
- HOA
- $6/mo
- Garage
- 2 cars
- Stories
- 1
Flood factor 5/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 2
- Primary Bedroom Level: Main
Other Rooms
- Total Rooms: 6
- Other Level: Main
- Laundry Level: Main
- Living Room Level: Main
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Primary Bathroom Level: Main
Interior Features
- Ceiling fans
- High ceilings
- Recessed lighting
- Walk in closets
- Breakfast bar
- Kitchen family room combo
- Pantry
- Sun room
Appliances
- Electric range
- Electric water heater
- Microwave
- Refrigerator
- Some electric appliances
- Range
- Laundry Features: Washer Hookup, Laundry In Utility Room, Main Level, Laundry Room
Heating and Cooling
- Cooling Features: Central Air, Electric
- Fireplace Features: Living Room, Wood Burning
- Heating Features: Central, Electric
- Heating: Yes
- Number of Fireplaces: 1
Kitchen and Dining
- Kitchen Level: Main
Waterfront and Water Access
- Water Body Name: Lake LBJ
- Boat ramp lift access
- Dock access
- Water access
Schools
- 3
Highland Lakes Elementary School
elementary · K-5 · 1.2 mi
- 4
Marble Falls Middle School
middle · 6-8 · 6.9 mi
- 4
Marble Falls High School
high · 9-12 · 8.5 mi
- 4
Marble Falls Elementary School
elementary · K-5 · 6.5 mi
- 1
Falls Career High School
high · 10-12 · 7.0 mi
- 7
Colt Elementary School
elementary · K-5 · 8.9 mi
Price history
- Jul 7, 2026 · Price Changed$825,000
- Jul 7, 2026 · Price Changed$825,000
- May 26, 2026 · Listed$899,000
- May 19, 2026 · Listed$899,000
- May 22, 1998 · Sold—
Tax history
- 2026$10,826 tax · $852,298 assessed
- 2025$10,124 tax · $774,816 assessed
- 2024$9,204 tax · $704,378 assessed
- 2023$14,702 tax · $582,131 assessed
- 2022$9,239 tax · $539,615 assessed
- 2021$8,915 tax · $503,170 assessed
- 2020$8,382 tax · $500,009 assessed
- 2019$8,643 tax · $498,698 assessed
Home value
$817,000
- Collateral Analytics$817,000
- Quantarium$800,415
- Cotality$784,500
Where it is
Listed by Dana Yarter · Re/Max Of Marble Falls · CentralTexas
