For sale

$2,200,000

401 Crestview Dr
Marble Falls, TX 78654

  • 5 beds
  • 8 baths
  • 5,184 sq ft
  • 1.67 acres

Listing courtesy of Moreland Properties · (512) 480-0848 · MLS# 4283530 · Status: Active

About this home

Perched above Lake Marble Falls in a quiet, laid-back area of town, this rare 1.67-acre dual-lot property offers the perfect blend of relaxed lake living and unmatched versatility for entrepreneurs, investors, and outdoor enthusiasts. This unique, in-town opportunity features 3 different structures for future flexibility. The main home, with quaint 1950s charm, features 4 bedrooms, 3.5 baths, two spacious living areas, and outdoor spaces with panoramic lake and Hill Country views. Primary and secondary bedroom suites are located on the main floor, while the lower level includes two additional bedrooms and a game room. Near the main home, a modern two-story structure could act as a guest home with an upstairs apartment and deck with incredible views. Downstairs is a converted garage bunkroom with a kitchenette and bath, offering flexible accommodations for guests, extended stays, or short-term rentals. Adjacent to the main house, the third structure spans approximately 3000 SF with 2100 SF of fully insulated and heated/cooled garage, including a half bath and large spaces for equipment storage or all the hobby areas you need! This building adds extraordinary functionality rarely found on the lake and in town. It is ready to be a workshop, office, exercise room, additional parking, etc. A golf cart path winds down to a private single-slip boat dock with a party deck and storehouse, creating effortless access to days on the water. Enjoy the structures as they stand, or plan your own custom build. All this plus convenience to shopping, restaurants, and necessities in Marble Falls. Less than half a mile to Bluebonnet Cafe, a half mile to Main Street and live music at Old Oak Square, and only 1.3 miles from HEB. City utilities. Short-term rentals are allowed with registration with the City. Nothing like it elsewhere on the lake at this price point. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Description provided by the listing brokerage.

Facts

Property type
Residential · Single Family Residence
Year built
1950
Lot size
1.67 acres
Living area
5,184 sq ft
Price per sq ft
$424
Bathrooms
5 full, 3 half
Garage
7 spaces
Annual taxes
$25,425
County
Burnet
Neighborhood
Rippy-Baker Sub
School district
Marble Falls ISD
Schools
Colt · Marble Falls · Marble Falls

Features

Roof
Membrane, Metal
View
Lake, Trees/Woods, Water
Sewer
Public Sewer
Levels
Two
Cooling
Central Air
Fencing
None
Heating
Central
Flooring
Concrete, Tile, Wood
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Appliances
Built-In Oven(s), Dishwasher, Gas Cooktop, Microwave, RNGHD, Refrigerator, Stainless Steel Appliance(s)
Lot
Back Yard, Corner Lot, Front Yard, Private, Sloped Down, Views
Water
Public
Pool
None
Horse amenities
None
Windows
Window Treatments
Parking
Additional Parking, Attached, Garage, RV Access/Parking, Workshop in Garage
Exterior
Boat Dock - Private, Boat Lift, Boat Slip, Private Yard
Interior
Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
Community
None
Fireplace
Bath, Living Room
Foundation
Slab
Waterfront
Lake Front, Waterfront
Energy efficiency
None
Accessibility
None
Construction
HardiPlank Type, Masonry – Partial, Stone
Patio & porch
Covered, Deck, Porch

Location

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of November 15, 2026 at 3:50 PM CT. 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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