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B+
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Days33Days on Market
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$1,399,999

$1,450,000

511 Chimney Cove Dr, Marble Falls, TX, 78654

On MarketInfo
Price DropInfo
Beds5 Beds
Baths5 Bath
Baths3,463 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$404.27 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size5.01 acres

Building Information

Year Built2002
Garage Spaces7

Land Information

APN9647
Lot Number8
SubdivisionChimney Cove Estates
Land UseResidential
Legal DescriptionS3656 CHIMNEY COVE ESTATES LOT 8 5.008
Census Tract960803
Assessed Land Value$400,640
Assessed Improvement Value$1,702,816
Assessment Year2025

About this property

Nestled on 5 pristine acres with breathtaking Lake Travis/Colorado River frontage with an extraordinary blend of luxury, privacy, and natural beauty. This immaculate 5 bed, 5 bath estate is truly move-in ready, showcasing exceptional care and timeless appeal. From the moment you arrive through the gated entrance of this exclusive community, you’ll be captivated by the serene setting and stunning water views that surround the property. Enjoy the finished walk out basement leading to extra large covered porch overlooking the water with a large spa. For those needing extra space for adventure, the property includes a massive two story garage (40x40) and four 30 foot deep garage spaces to accommodate RV's, boats, jet skis, golf carts, and any other recreational vehicles. Rarely does a property combine luxury living, acreage, waterfront access, and an agricultural tax exemption so seamlessly. This is a one-of-a-kind opportunity to own a slice of Texas paradise in the heart of Marble Falls.

Investor Tools

Property Icon
$1,487,543
Estimated Property Value
$308,400Estimated Mortgage Balance
$1,201,711Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,925 /month
Positive
Cash Flow Estimate:
$2,975 /month

Interested in this property?

Daniel Nestorovski

Keller Williams Central

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,263/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,716
$1,487,543
2025
$400,640
$1,702,816
$2,103,456
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,716
$1,487,543

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$308,400
No
First
Aug 10, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,350
$1,201,193
80%
19%
$1,850/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.

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

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511 Chimney Cove Dr | Property Details | No Agent List