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Marble Falls · Shady Acres

$2,199,000 65 days on market

Reduced from $2,499,000 · −12%

311 Oleander Dr, Marble Falls, TX 78654

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

About this home

Where lake life meets quiet opulence, Oleander is not just a home…. It’s a private waterfront estate that rewrites the standard for Shady Acres. Set on an extraordinary 205 feet of channel frontage, this single-story retreat stretches out with intention and confidence. Inside, an expansive living room opens to walls of windows that frame the water like living art. It’s the kind of space that doesn’t just host people…. it gathers them.

The kitchen is built for serious culinary firepower: a chef’s propane range, dual dishwashers, and the kind of flow that keeps everything seamless when entertaining. Tucked behind it, a fully equipped baker’s kitchen adds a second layer of function with additional appliances, storage, and prep space. The primary suite is its own sanctuary. Fireplace lit, doors open to the pool, and a bathroom that leans into luxury with a clawfoot tub, walk-in shower, dual vanities, and seated make-up area. Even the closet complete with washer and dryer hook-ups that keep life effortlessly contained.

Step outside and the tone shifts from refined to resort. An oversized 12-foot-deep pool with a waterfall becomes the centerpiece, framed by swaying palms and a rare sandy lounge area. Two firepits anchor the massive patio, from there, the property flows down to the water and is designed to be experienced, not just admired. The pool house delivers the lifestyle with its own bedroom, living space, kitchenette, and full bath. A detached two-car garage with three additional storage rooms handles everything behind the scenes. At the shoreline, a covered hydraulic boat slip with a fully automated enclosure and 2 jet ski lifts makes getting on the water effortlessly.

Every inch of this 4183 sq ft estate has been curated with intention-from the fountain-lined front approach to the lush, high-end landscaping that wraps the entire property in color and texture. This isn’t a “nice home” in the neighborhood. This is the one everything else is compared to.

Property

Type
See Remarks
Levels
One
Year built
1970
Lot size
0.60 acres
Subdivision
Shady Acres
MLS #
ACT7902186

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
May 22, 2026
Days listed
65
Original price
$2,499,000
Status
Active

Listed by Kasey Mercurio, MCM Land Company LLC · [email protected] · MLS# ACT7902186 · 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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