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Cottonwood Shores · Highland Lakes Acres

$995,000 158 days on market

Reduced from $1,149,000 · −13.4%

3721 Lakeview Dr, Cottonwood Shores, TX 78657

  • 3bedrooms
  • 2.5bathrooms
  • 2,217sqft
  • 1.5acres
  • 1982year built

About this home

Newly priced at $995K with seller financing available! Exceptional opportunity to own Lake Marble Falls waterfront on approximately 1.5 acres with ~100 feet of constant-level shoreline and no HOA. Properties like this rarely come to market, and almost never with income already in place. Operating as an Airbnb Guest Favorite short-term rental, this turnkey lake retreat has generated approximately $40,000 in rental income over the past six months as a newer STR. This beautifully maintained single-story home features stunning lake views from every room, modern upgrades throughout, open-concept living, dedicated waterfront office, and expansive deck perfect for enjoying spectacular sunsets and morning coffee. The grounds make this more than a house. Mature pecan trees, privacy fencing, greenhouse, detached powered workshop, storage building, and full RV hookup provide remarkable flexibility for lake living, entertaining, hobbies, or future expansion. Just minutes from Horseshoe Bay, Marble Falls shopping, dining, and area attractions, with easy access to Austin. Waterfront living, acreage, privacy, and proven income, all in one turnkey package.

Property

Type
Single Family Residence
Levels
One
Year built
1982
Lot size
1.50 acres
Subdivision
Highland Lakes Acres
MLS #
ACT6789040

Inside

Bedrooms
3
Bathrooms
2.5
Living area
2,217 sqft
Fireplaces
1

Outside / parking

Garage spaces
3
Waterfront
Yes

Schools

Elementary
Colt
High school
Marble Falls
District
Marble Falls ISD

Costs

Est. annual taxes
$11,443 (2026)

Listing

First listed
May 18, 2026
Days listed
158
Original price
$1,149,000
Status
Active

Listed by Rachel Windley, LPT Realty, LLC · [email protected] · MLS# ACT6789040 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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