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$2,499,000

311 Oleander Dr, Marble Falls, TX, 78654

On MarketInfo
Beds7 Beds
Baths8 Bath
Baths4,143 Sq Ft
OtherOther
price_per_sqft$603.19 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Must-SellDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 7Bedrooms 7
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
AppliancesBuilt-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop, Refrigerator
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesDock, Private Entrance, Private Yard

Building Information

Year Built1970
Garage Spaces2

Land Information

APN38471
Lot Number142-145
SubdivisionShady Acres
Land UseResidential
Legal DescriptionS7530 SHADY ACRES LOT 142 THRU 145, SEC 2 & .06 AC JOHN HARVEY
Census Tract960502
Assessed Land Value$832,860
Assessed Improvement Value$27,917,140
Assessment Year2025

About this property

Where lake life meets quiet opulence, Oleander is not just a home.... It's a private waterfront estate that rewrites the standard for Shady Acres. Set on an extraordinary 205 feet of channel frontage, this single-story retreat stretches out with intention and confidence. Inside, an expansive living room opens to walls of windows that frame the water like living art. It's the kind of space that doesn't just host people.... it gathers them. The kitchen is built for serious culinary firepower: a chef's propane range, dual dishwashers, and the kind of flow that keeps everything seamless when entertaining. Tucked behind it, a fully equipped baker's kitchen adds a second layer of function with additional appliances, storage, and prep space. The primary suite is its own sanctuary. Fireplace lit, doors open to the pool, and a bathroom that leans into luxury with a clawfoot tub, walk-in shower, dual vanities, and seated make-up area. Even the closet complete with washer and dryer hook-ups that keep life effortlessly contained. Step outside and the tone shifts from refined to resort. An oversized 12-foot-deep pool with a waterfall becomes the centerpiece, framed by swaying palms and a rare sandy lounge area. Two firepits anchor the massive patio, from there, the property flows down to the water and is designed to be experienced, not just admired. The pool house delivers the lifestyle with its own bedroom, living space, kitchenette, and full bath. A detached two-car garage with three additional storage rooms handles everything behind the scenes. At the shoreline, a covered hydraulic boat slip with a fully automated enclosure and 2 jet ski lifts makes getting on the water effortlessly. Every inch of this 4183 sq ft estate has been curated with intention-from the fountain-lined front approach to the lush, high-end landscaping that wraps the entire property in color and texture. This isn't a "nice home" in the neighborhood. This is the one everything else is compared to.

Investor Tools

$864,913Estimated Mortgage Balance
$27,886,787Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$172,500 /month
Positive
Cash Flow Estimate:
$57,500 /month

Interested in this property?

Kasey Mercurio

MCM Land Company LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$15,105/month
$200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$37,511
$28,750,000
2025
$832,860
$27,917,140
$28,750,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$37,511
$28,750,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Conventional
$960,000
No
First
Mar 3, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$864,913
$27,885,087
96%
3%
$5,756/mo

City: Marble Falls

311 Oleander Dr | Property Details | No Agent List