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For sale
    • Price cut: $100K (7/22)
    $2,399,000

    311 Oleander Dr, Marble Falls, TX 78654

    4beds
    4,183sqft
    : 
    $15,537/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1970
    0.8 Acres Lot
    $-- Zestimate®
    $574/sqft
    $-- HOA

    What's special

    Detached two-car garageDual dishwashers
    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. Tucked behind it, a fully equipped baker's kitchen with additional appliances, storage, and prep space. The primary suite is its own sanctuary. Fireplace lit, doors open to the pool, and a bathroom with a clawfoot tub, walk-in shower, dual vanities, and seated make-up area. A closet complete with washer and dryer hook-ups. 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. The pool house delivers the lifestyle with its own bedroom, living space, kitchenette, and full bath. A detached two-car garage. At the shoreline, a covered hydraulic boat slip with a fully automated enclosure and 2 jet ski lifts makes getting on the water effortlessly. This isn't a "nice home" in the neighborhood. This is the one everything else is compared to. More features, call today.
    34 days
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    341
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    12
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kasey Mercurio 206-519-2016,

    MCM Land Company LLC

    Source: HLMLS as distributed by MLS GRID,MLS#: 178508MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Dining Room, Family Room, Kitchen, Laundry, Study/Office, Main Level Master Bdrm
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Commercial Stove, Dishwasher, Double Oven, Dryer, Disposal, Microwave, Gas Range, Refrigerator, Washer, Washer Hookup, Electric Water Heater, Cooktop
      Features
      • Breakfast Bar, Crown Molding, Pantry, Recessed Lighting, Track Lighting, No Steps to Entry
      • Flooring: Hard Tile
      • Number of fireplaces: 1
      • Fireplace features: One
      Interior area
      • Total structure area: 4,183
      • Total interior livable area: 4,183 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: 2 Car Detached Garage, Front Entry
      • Garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered
      • Exterior features: Open Concrete Areas, Stonework, Water Feature Fountain
      • Has private pool: Yes
      • Pool features: In Ground
      • Fencing: Wood,Fenced
      • Has view: Yes
      • View description: Lake
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Channel, Lake LBJ
      • Frontage length: 204
      Lot
      • Size: 0.8 Acres
      • Dimensions: 231 x 1
      • Features: Landscaped, Waterfall
      Details
      • Parcel number: 128732

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Spanish
      • Property subtype: Single Family Residence, Residential
      Materials
      • Block, Wood Siding, Brick
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Year built: 1970

      Utilities & green energy

      • Sewer: Septic Tank
      Green energy
      • Energy efficient items: Ceiling Fan(s)

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Shady Acres
      HOA
      • Has HOA: No
      Location
      • Region: Marble Falls

      Financial & listing details

      • Price per square foot: $574/sqft
      • Tax assessed value: $28,750,000
      • Date on market: 6/26/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/22/2026Price change$2,199,000-4.3%$526/sqft
        Source: Unlock MLS #7902186 Report a problem
        7/1/2026Price change$2,299,000-4.2%$550/sqft
        Source: Unlock MLS #7902186 Report a problem
        6/12/2026Price change$2,399,000-4%$574/sqft
        Source: Unlock MLS #7902186 Report a problem
        5/22/2026Listed for sale$2,499,000-34.2%$597/sqft
        Source: Unlock MLS #7902186 Report a problem
        8/9/2024Listing removed$3,799,000$908/sqft
        Source: Unlock MLS #3444317 Report a problem
        5/23/2024Price change$3,799,000-5%$908/sqft
        Source: Unlock MLS #3444317 Report a problem
        2/16/2024Listed for sale$3,999,000+35.6%$956/sqft
        Source: HLMLS as distributed by MLS GRID #167448 Report a problem
        9/16/2023Listing removed--
        Source: Unlock MLS #7827619 Report a problem
        4/10/2023Listed for sale$2,950,000+110.9%$705/sqft
        Source: HLMLS as distributed by MLS GRID #163972 Report a problem
        10/26/2018Sold--
        Source: HLMLS as distributed by MLS GRID #143936 Report a problem
        8/24/2018Pending sale$1,399,000$334/sqft
        Source: Lake LBJ Realty, Inc #143936 Report a problem
        7/22/2018Listed for sale$1,399,000$334/sqft
        Source: Lake LBJ Realty, Inc #143936 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $28,750,000 +922%
        2024$37,511 +6.2%$2,813,173 +4.4%
        2023$35,310 +39.6%$2,695,619 +62.1%
        2022$25,287 -4.2%$1,663,100
        2021$26,397 $1,663,100 +27%
        2020-- $1,310,000 +1.1%
        2019$21,592 $1,296,102 -7.8%
        2017-- $1,405,349 +10%
        2016-- $1,277,590 +0.9%
        2015-- $1,265,715 +8.5%
        2014-- $1,166,780 +6.6%
        2012-- $1,094,633
        2011-- $1,094,633
        2010-- $1,094,633
        2009-- $1,094,633 +8.5%
        2008-- $1,008,792 +8.9%
        2007-- $926,054
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 78654

        Getting around

        0 / 100
        Car-Dependent
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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