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Marble Falls · Chimney Cove Estates

$2,695,000 71 days on market

Reduced from $2,825,000 · −4.6%

481 Chimney Cove Dr, Marble Falls, TX 78654

  • 5bedrooms
  • 4.5bathrooms
  • 5,611sqft
  • 5.0acres
  • 2007year built

About this home

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.

Property

Type
Single Family Residence
Levels
One
Year built
2007
Lot size
5.00 acres
Subdivision
Chimney Cove Estates
MLS #
ACT4878913

Inside

Bedrooms
5
Bathrooms
4.5
Living area
5,611 sqft
Fireplaces
3

Outside / parking

Garage spaces
3
Pool
Yes — private
Waterfront
Yes

Schools

Elementary
Colt
High school
Marble Falls
District
Marble Falls ISD

Costs

HOA
$750 / annually
Est. annual taxes
$30,085 (2025)

Listing

First listed
Feb 26, 2026
Days listed
71
Original price
$2,825,000
Status
Active

Listed by Kimberly Christman, Kuper Sotheby's Int'l Realty · [email protected] · MLS# ACT4878913 · 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.

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