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Marble Falls · Rippy-Baker Sub

$2,400,000 60 days on market

401 Crestview Dr, Marble Falls, TX 78654

  • 5bedrooms
  • 6.5bathrooms
  • 5,184sqft
  • 1.7acres
  • 1950year built

About this home

Perched above Lake Marble Falls in a quiet, laid-back area of town, this rare 1.67-acre dual-lot property offers the perfect blend of relaxed lake living and unmatched versatility for entrepreneurs, investors, and outdoor enthusiasts. This unique, in-town opportunity features 3 different structures for future flexibility. The main home, with quaint 1950s charm, features 4 bedrooms, 3.5 baths, two spacious living areas, and outdoor spaces with panoramic lake and Hill Country views. Primary and secondary bedroom suites are located on the main floor, while the lower level includes two additional bedrooms and a game room. Near the main home, a modern two-story structure could act as a guest home with an upstairs apartment and deck with incredible views. Downstairs is a converted garage bunkroom with a kitchenette and bath, offering flexible accommodations for guests, extended stays, or short-term rentals. Adjacent to the main house, the third structure spans approximately 3000 SF with 2100 SF of fully insulated and heated/cooled garage, including a half bath and large spaces for equipment storage or all the hobby areas you need! This building adds extraordinary functionality rarely found on the lake and in town. It is ready to be a workshop, office, exercise room, additional parking, etc. A golf cart path winds down to a private single-slip boat dock with a party deck and storehouse, creating effortless access to days on the water. Enjoy the structures as they stand, or plan your own custom build. All this plus convenience to shopping, restaurants, and necessities in Marble Falls. Less than half a mile to Bluebonnet Cafe, a half mile to Main Street and live music at Old Oak Square, and only 1.3 miles from HEB. City utilities. Short-term rentals are allowed with registration with the City. Nothing like it elsewhere on the lake at this price point. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Property

Type
Single Family Residence
Levels
Two
Year built
1950
Lot size
1.67 acres
Subdivision
Rippy-Baker Sub
MLS #
ACT4283530

Inside

Bedrooms
5
Bathrooms
6.5
Living area
5,184 sqft
Fireplaces
2

Outside / parking

Garage spaces
7
Waterfront
Yes

Schools

Elementary
Colt
High school
Marble Falls
District
Marble Falls ISD

Costs

Est. annual taxes
$25,425 (2026)

Listing

First listed
May 27, 2026
Days listed
60
Status
Active

Listed by Elsa Decker, Moreland Properties · [email protected] · MLS# ACT4283530 · 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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