
For sale
$350,000
311 Oleander Dr
Marble Falls, TX 78654
- 4 beds
- 3 baths
- 4,143 sq ft
- 0.6 acres
Listing courtesy of MCM Land Company LLC · (512) 705-2504 · MLS# 5525989 · Status: Active
About this home
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.
Description provided by the listing brokerage.
Facts
- Property type
- Residential · See Remarks
- Year built
- 1970
- Lot size
- 0.6 acres
- Living area
- 4,143 sq ft
- Price per sq ft
- $84
- Bathrooms
- 2 full, 1 half
- Garage
- 2 spaces
- HOA
- $200 (annually)
- Annual taxes
- $11,883
- County
- Burnet
- Neighborhood
- Shady Acres
- School district
- Marble Falls ISD
- Schools
- Marble Falls · Marble Falls · Marble Falls
Features
- Roof
- Shingle
- View
- Canal, Lake, Neighborhood, Water
- Sewer
- Aerobic Septic, Septic Tank
- Levels
- One
- Cooling
- Ceiling Fan(s), Central Air
- Fencing
- Back Yard, Fenced, Full, Gate, Wood, Wrought Iron
- Heating
- Central
- Flooring
- Tile
- Utilities
- Electricity Connected, Propane, Underground Utilities, Water Connected
- Appliances
- Built-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop, Refrigerator
- Lot
- Back Yard, Few Trees, Front Yard, Level, Native Plants, Private, Sprinklers In Rear, Sprinklers In Front, Trees-Medium (20 Ft - 40 Ft), Waterfall
- Water
- Public
- Pool
- In Ground, Outdoor Pool, Waterfall
- Horse amenities
- None
- Windows
- Blinds, Double Pane Windows, Skylight(s)
- Parking
- Detached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Paved, Private
- Exterior
- Boat Dock - Private, Boat Lift, Boat Slip, Exterior Steps, Private Entrance, Private Yard
- Interior
- 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, Walk-In Closet(s)
- Community
- See Remarks
- Fireplace
- Living Room, Stone
- Foundation
- Slab
- Waterfront
- Canal Front, Waterfront
- Accessibility
- Central Living Area, Accessible Entrance, Accessible Hallway(s), Accessible Kitchen, Visitor Bathroom
- Construction
- See Remarks, Brick, Stone
- Patio & porch
- Patio, Rear Porch, Side 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 3:58 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.
IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID, and its use may be subject to an end user license agreement prescribed by the applicable MLS. Some IDX listings have been excluded from this website. Any use or search of this website other than by a consumer looking to purchase or lease real estate is prohibited. Terms of use
