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
Yearly costs
Monthly payment
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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.
