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4 Beds
3 Baths
4,143 sqft

$350,000

311 Oleander DR, Marble Falls TX, 78654

Price per sqft$84.48
Built in1970
Property size4,143 sqft
Property typeResidential
Courtesy of MCM Land Company LLC, Kasey Mercurio Listing Contact: (512) 705-2504

Overview

Active

Listed Sep 4, 2026

Updated 3 weeks ago

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.

$2,329/mo

Est. mortgage payment based on a $350,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5525989

Interior Features

Bedrooms
4
Bathrooms
3
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.6 Acres

Other Property Details

Taxes
$363,199
Tax Frequency
Annually
Association Fee Frequency
Yearly
Garage
Yes
View
Yes
Pool
Yes
Waterfront
Yes
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Listings courtesy of Austin/Central Texas Realty Information Service as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 3:42 AM UTC on 9/12/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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