Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
A
NoAgentList RatingHow are grades calculated? Info
Days397Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$2,675,000

481 Chimney Cove Dr, Marble Falls, TX, 78654

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths5,611 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$476.74 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Double Oven, Warming Drawer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBoat Slip, Rain Gutters, Lighting, Private Entrance, Private Yard
Lot Size5.00 acres

Building Information

Year Built2007
Garage Spaces4

Land Information

APN9652
Lot Number13
SubdivisionChimney Cove Estates
Land UseResidential
Legal DescriptionS3656 CHIMNEY COVE ESTATES LOT 13 5.002
Census Tract960803
Assessed Land Value$400,160
Assessed Improvement Value$1,937,287
Assessment Year2025

About this property

Welcome to the HOUSE OF THE GOOD LIFE, Villa La Vita e’ Bella! Estate Gated Escape on 5 Acres (with Ag Exempt low 1.323% tax rate), this rare sprawling single story custom home sits beautifully in a park like setting and is waterfront on the deeper arm of the Colorado River, boasting 318 ft of shoreline, panoramic water views, and unforgettable sunsets. The Italy inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities that are hard to find within easy access to Marble Falls, Horseshoe Bay, Spicewood, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms (2 bdrms in main house plus a full casita in addition to the guest house), featuring three masonry fireplaces, expansive living areas, and seamless indoor–outdoor flow. A chef's kitchen anchors the home, opening to generous gathering spaces designed for entertaining on any scale. Walls of windows capture breathtaking lake and landscape vistas, while a brand-new 2025 roof adds lasting peace of mind. Outdoors, the covered patio invites year-round enjoyment, from tranquil Hill Country mornings to sunset evenings, enhanced by an impressive 18-ft, 2,000-gallon swim spa. Complementing the main home, a charming 2-bedroom, 1 bath guest house includes a temperature-controlled wine room and a versatile bonus space currently serving as an art studio — ideal for creative pursuits, a gym, or private office. An additional powered workshop supports hobbies, projects, or storage. Designed for both recreation and functionality, the grounds feature dual water sources, EV connection, RV hookup, and a private air-conditioned boathouse with boat lift and jet ski ramp. There are too many features to mention-- it really warrants a personal visit. As the words to a favorite George Strait song says, THERE'S A DIFFERENCE IN LIVING AND LIVING WELL, come experience the difference today.

Investor Tools

Property Icon
$2,668,000
Estimated Property Value
$800,000Estimated Mortgage Balance
$1,934,698Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,050 /month
Positive
Cash Flow Estimate:
$5,350 /month

Interested in this property?

Lesli Akers

Keller Williams - Lake Travis

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,729/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,407
$1,574,720
2025
$400,160
$1,937,287
$2,337,447
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,407
$1,574,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Angel Oak Home Loans Llc
Conventional
$800,000
No
First
Feb 14, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$737,400
$1,957,600
72%
28%
$4,797/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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.

Explore Texas Explore This Area
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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

481 Chimney Cove Dr | Property Details | No Agent List