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Marble Falls · Shady Acres

$350,000 49 days on market

311 Oleander Dr, Marble Falls, TX 78654

  • 4bedrooms
  • 2.5bathrooms
  • 4,143sqft
  • 0.60acres
  • 1970year built

About this home

Discover one of Marble Falls’ most extraordinary waterfront estates, offering approximately 200 ft of channel frontage. and a level of luxury rarely found on Lake LBJ. This listing offers 1/6 deeded ownership interest (Tenants in Common). List price reflects the purchase price of one fractional ownership share only, not the entire property. Cash purchase is required. Financing for fractional ownership is generally limited. Owners enjoy approximately 8 weeks of annual exclusive use through a professionally managed rotating reservation schedule, combining luxury ownership with a true lock-and-leave lifestyle.

Designed for exceptional entertaining, this 4,500 sq ft single story residence features an expansive open living room where walls of windows frame peaceful waterfront views. The gourmet kitchen is equipped with propane range, dual dishwashers, premium finishes, while the separate prep and baker’s kitchen offers additional appliances, freezers, sinks, and abundant workspace for effortless hosting.

Outside, the estate transforms into a private waterfront resort. An oversized pool with cascading waterfall is surrounded by towering palms, lush professional landscaping, a sandy beach-style lounging area, 2 fire pits, and an expansive patio overlooking the water. A separate pool house provides additional accommodations with a bedroom, living area, kitchenette, and full bath. The detached two-car garage includes 3 additional storage rooms.

The 203 ft of waterfront is complemented by a covered hydraulic boat slip with an automated enclosure, two jet ski lifts, and a fully fenced lawn extending to the water’s edge. Professionally managed ownership allows you to enjoy an exceptional luxury lakefront lifestyle without the responsibilities of full-time ownership. Contact listing agent for total property value, ownership details, reservation schedule, and fractional ownership documents.

Property

Type
See Remarks
Levels
One
Year built
1970
Lot size
0.60 acres
Subdivision
Shady Acres
MLS #
ACT5525989

Inside

Bedrooms
4
Bathrooms
2.5
Living area
4,143 sqft
Fireplaces
1

Outside / parking

Garage spaces
2
Pool
Yes — private
Waterfront
Yes

Schools

Elementary
Marble Falls
High school
Marble Falls
District
Marble Falls ISD

Costs

HOA
$200 / annually
Est. annual taxes
$24,527 (2025)

Listing

First listed
Sep 4, 2026
Days listed
49
Status
Active

Listed by Kasey Mercurio, MCM Land Company LLC · [email protected] · MLS# ACT5525989 · 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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