501 Oleander Drive

Marble Falls, TX
$ 825,000 Beds 2 Baths 2 Sq 1,792 Virtual Tour
Monthly Estimate* How much can I afford?

Rare opportunity on constant-level Lake LBJ with 163 feet of prime waterfront in the quiet and quaint Shady Acres subdivision, ideally situated between Granite Shoals and Kingsland. Nestled on a beautifully maintained .51-acre lot with lush grass and mature trees, this charming 2 bedroom, 2 bath waterfront home offers the perfect blend of comfort, convenience, and lakefront living. Inside, you'll find wood plank tile flooring throughout the main living areas, carpet in the bedrooms, a cozy wood-burning fireplace, and an updated kitchen featuring quartz countertops. The spacious bathroom includes a walk-in tile shower for a modern touch. Step outside to enjoy the large covered patio overlooking the serene backyard and sparkling waters of Lake LBJ—perfect for relaxing or entertaining. The property is well-equipped for lake life with a 1-stall boat dock with electric lift, separate fishing dock, detached 2-car garage, and a workshop/storage building with attached RV carport. Conveniently located near Marble Falls shopping, dining, and entertainment, while also just minutes from Kingsland’s popular waterfront restaurants and attractions. Beautiful waterfront, mature landscaping, and an unbeatable location make this Lake LBJ property a must-see.

Single Family

  • Price
  • $ 825,000
  • City
  • Marble Falls
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • Burnet
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.51 Acres
  • Zip
  • 78654
  • Sqr Footage
  • 1,792
  • Year Built
  • 1978
  • Style
  • MLS#
  • 614885
Listed By: RE/MAX Marble Falls
Data Source: Central Texas / Four Rivers Association of REALTORS® (CTXMLS)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Highland Lakes Elementary Elementary School
Middle School Marble Falls Middle School Middle School
High School Marble Falls High School High School

Price History

5/26/2026 Listed $899,000
7/7/2026 8% - $825,000

Property vs Zip Code Average in 78654

Price
AVG $850K
$830K
Year Built
AVG 2002
1978

Areas That We Cover

501 Oleander Drive Marble Falls, TX is a Single Family Home for sale at $825000 with 1792 sqft and a lot size of 0.51 Acres Acre(s). 501 Oleander Drive Marble Falls has 2 bedrooms, 2 baths and was built in 1978. The property's zip code is 78654 which is in Marble Falls, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.