Description of 311 Oleander DR, Marble Falls, TX 78654
Listing details for 311 Oleander DR, Marble Falls, TX 78654 : 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.
In Marble Falls, Head North on Highway 281
Turn Left onto RM 1431 W/10th St
Turn Left onto Post Oak Rd
Turn Right onto Willow Rd
Turn Left onto Oleander Dr
You will arrive at 311 Oleander Dr on your left hand side
Back Yard, Few Trees, Front Yard, Level, Native Plants, Private, Sprinklers In Rear, Sprinklers In Front, Trees-Medium (20 Ft - 40 Ft) and Waterfall
Lot Size (Sq Ft)
26,136
Lot Size (Acres)
0.6
Interior Details
Interior Features
Breakfast Bar, Built-in Features, Ceiling Fan(s), Beamed Ceilings, Ceiling-High, Granite Counters, Crown Molding, Double Vanity, Eat-in Kitchen, Kitchen Island, Natural Woodwork, No Interior Steps, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Sound System, Storage, Study/Home Office, Track Lighting and Walk-In Closet(s)
Appliances
Built-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop and Refrigerator
Flooring
Tile
Window Features
Blinds, Double Pane Windows and Skylight(s)
Fireplace
Yes
Fireplace Count
1
Fireplace Features
Living Room and Stone
Heating
Central
Cooling
Ceiling Fan(s) and Central Air
Exterior Details
Garage
Yes
Garage Spaces
2
Total Parking
7
Parking Features
Detached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Paved and Private
Patio & Porch Features
Patio, Rear Porch and Side Porch
Exterior Features
Boat Dock - Private, Boat Lift, Boat Slip, Exterior Steps, Private Entrance and Private Yard
Other Structures
Garage(s) and Pool House
Fencing
Back Yard, Fenced, Full, Gate, Wood and Wrought Iron
View
Canal, Lake, Neighborhood and Water
Waterfront
Yes
Water Source
Public
Sewer
Aerobic Septic and Septic Tank
Community Features
See Remarks
Additional Features
Utilities
Electricity Connected, Propane, Underground Utilities and Water Connected
Accessibility Features
Central Living Area, Accessible Entrance, Accessible Hallway(s), Accessible Kitchen and Visitor Bathroom
Taxes, HOA & Financing
Annual Property Tax
$11,882.79
HOA Fee
$200 Annually
HOA Frequency
Annually
HOA Fee Includes
Common Area Maintenance
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Listing Provided By
Kasey Mercurio, (512) 705-2504, [email protected], MCM Land Company LLC
Source
Unlock MLS, MLS#: ACT5525989
For more information on this listing contact us at 972-342-0000
Property History
DateEventPrice
9/4/2026
Listed for sale
$350,000 -84.1%
$84/sqft
Source:Unlock MLS #ACT5525989
9/1/2026
Listing removed
$2,199,000 0%
$531/sqft
Source:Unlock MLS #ACT7902186
7/21/2026
Price Change
$2,199,000 -4.3%
$531/sqft
Source:Unlock MLS #ACT7902186
7/1/2026
Price Change
$2,299,000 -4.2%
$555/sqft
Source:Unlock MLS #ACT7902186
6/12/2026
Price Change
$2,399,000 -4%
$579/sqft
Source:Unlock MLS #ACT7902186
5/22/2026
Listed for sale
$2,499,000
$603/sqft
Source:Unlock MLS #ACT7902186
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For more information on this listing contact us at 972-342-0000
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