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$2,474,000

NAL Estimated Property Value

259 Chimney Cove Dr, Marble Falls, TX, 78654

SoldInfo
8/11/26
Beds3 Beds
Baths5 Bath
Baths4,949 Sq Ft
price_per_sqft$500.1 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesBuilt In Refrigerator, Double Oven, Dryer, Free Standing Gas Range, Built In Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Range Hood, Stainless Steel Appliances, Tankless Water Heater, Vented Exhaust Fan, Wine Cooler, Water Purifier, Wine Refrigerator, Washer
FlooringStone, Tile, Wood

Exterior

Exterior FeaturesBoat Lift, Barbecue, Boat Ramp, Dock, Gas Grill, Lighting, Outdoor Grill, Private Yard, Rain Gutters
Lot Size7.51 acres

Building Information

Year Built2009
Garage Spaces12

Land Information

APN9678
Lot Number36,A
SubdivisionChimney Cove Estates
Land UseResidential
Legal DescriptionS3656 CHIMNEY COVE ESTATES LOT 36-A
Census Tract960803
Assessed Land Value$600,880
Assessed Improvement Value$2,362,939
Assessment Year2025

About this property

Award-winning custom waterfront estate on 7.511 acres in the exclusive gated community of Chimney Cove Estates on Lake Travis. Completed in 2009 and recipient of the People’s Choice Award in the 2010 Parade of Homes, this extraordinary property blends luxury, privacy, and exceptional engineering approximately one hour from downtown Austin. Designed for entertaining and everyday comfort, the home features soaring ceilings, cove lighting, whole-home sound system, three indoor gas fireplaces, stained glass bathroom windows, plantation shutters, and walls of windows capturing breathtaking lake views. The gourmet kitchen is equipped with a Wolf 48” dual fuel range, SubZero refrigerator, beverage cooler, ice maker, walk-in pantry, butler’s pantry, and abundant pull-out storage throughout. Dedicated study offers optional 4th bedroom potential with adjoining office space suitable for future closet conversion. The luxurious primary suite offers spa-like amenities, private outdoor spa access, and an exceptional ensuite retreat overlooking the water. Outdoor living is equally impressive with electric sunshades, outdoor kitchen, wood-burning fireplace, and resort-style entertaining spaces designed to embrace the lakefront setting. Built with remarkable attention to safety and efficiency, the property includes stone construction, spray foam insulation, fire suppression systems, lightning rods, LED lighting, 4 tankless water heaters, and new metal roofs installed in 2024. Garages accommodate five vehicles including EV charging capability, plus a 44’ x 40’ barn with drive-through access and RV hookups. Extensive water infrastructure includes lake water and rainwater purification systems with over 37,000 gallons of storage, ozone purification, hydro-lift dock, wave runner lift, Trex decking, and stainless-steel anchor system designed to adjust with lake levels. Private, gated, and meticulously crafted for elevated Texas lakefront living just minutes from Marble Falls.

Investor Tools

Property Icon
$2,474,000
Estimated Property Value
$451,178Estimated Mortgage Balance
$2,023,704Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,850 /month
Positive
Cash Flow Estimate:
$4,950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,892/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,330
$2,066,192
2025
$600,880
$2,362,939
$2,963,819
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,330
$2,066,192

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zillow Home Loans Llc
Conventional
$499,800
No
First
Apr 22, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,178
$2,221,822
83%
18%
$2,997/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Marble Falls

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259 Chimney Cove Dr | Property Details | No Agent List