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$1,446,077

NAL Estimated Property Value

308 Oleander Dr, Marble Falls, TX, 78654

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,710 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$318.47 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
AppliancesBuilt-In Range, Dishwasher, Exhaust Fan, Gas Range, Microwave, Double Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Electric Water Heater, Water Softener, Water Softener Owned
FlooringCarpet, Concrete, Stone, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Barbecue, Gas Grill, Lighting, Outdoor Grill, Private Yard, RV Hookup
Lot Size1.69 acres

Building Information

Year Built2005
Garage Spaces2

Land Information

APN38495
Lot Number166,A
SubdivisionShady Acres
Land UseResidential
Legal DescriptionS7530 SHADY ACRES LOT 166-A,167-A,168-A SEC 2
Census Tract960502
Assessed Land Value$44,942
Assessed Improvement Value$1,401,135
Assessment Year2025

About this property

Welcome to 308 Oleander Drive in Shady Acres, one of Lake LBJ's most coveted communities! This gorgeous home AND barndominium sit on nearly two manicured acres of land, canopied with majestic oaks! Every inch of this property was crafted with extreme attention to detail. The main house boasts a great split floor plan with high end finishes from top to bottom. Upon entry, the foyer opens up into the main living area and features custom built-ins, exposed beams and a wood burning stone fireplace. The living room opens into the kitchen and breakfast area and features gorgeous full length windows. This kitchen is a chef's dream! High-end stainless steel appliances, an oversized gas range, double ovens and two sinks make this the ultimate heart of the home! The house is one level living, with the exception of the upstairs game room + full bathroom. The primary suite is tucked away off of the main living area and features elevated ceilings, french doors, and a large walk-in closet. Off of the main house back deck, you'll find the ULTIMATE outdoor living area! The custom pool, spa and kitchen set the stage for incredible entertaining! The quality craftsmanship continues into the barn - featuring a cool galley kitchen, full bathroom, and theater area. The pool house leads into the grand shop - plenty of room for RV's, boats, and cars! This property offers street-to street access, and both shop doors are 14' high, creating the perfect lake breeze! Just steps to Lake LBJ access and a private community boat ramp.

Investor Tools

Property Icon
$1,446,077
Estimated Property Value
$823,418Estimated Mortgage Balance
$624,211Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,000 /month
Positive
Cash Flow Estimate:
$3,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,190/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,054
$1,446,077
2025
$44,942
$1,401,135
$1,446,077
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,054
$1,446,077

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank Of Burnet
Commercial
$900,000
No
First
Oct 28, 2021
Oct 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$823,418
$622,659
43%
57%
$5,396/mo

Learn About the Market: Opportunity in Texas

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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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308 Oleander Dr | Property Details | No Agent List