MAIN HOUSE + GUEST HOUSE Welcome to your private slice of Lake LBJ paradise in Marble Falls—where everyday living feels like a vacation. Tucked beneath mature trees on a spacious waterfront lot, this beautifully maintained property offers the perfect blend of relaxation, functionality, and unforgettable lakefront living. The main home is warm and inviting, featuring generous living spaces, a cozy fireplace, and stunning water views that bring the outdoors in. What truly sets this property apart is the fully updated guest house—ideal for hosting family and friends, creating a private retreat, or even generating rental income. Down at the water, enjoy three boat slips with room for jet skis, designed for easy, low-maintenance lake living—so you can spend more time on the water and less time on upkeep. Whether it’s early morning coffee by the lake or sunset cruises, this home is built for making memories. Additional highlights include abundant storage for all your lake toys, recent roof replacements (2024), and thoughtful upgrades throughout—including 50-amp service and propane for the fireplace. If you’ve been dreaming of the ultimate lake lifestyle—with space, privacy, and room for everyone—this is it.
For sale
$1,499,000
434 E Castleshoals, Granite Shoals, TX 78654
5beds
3,590sqft
Single Family Residence, Residential
Built in 1998
0.68 Acres Lot
$1,410,900 Zestimate®
$418/sqft
$-- HOA
What's special
Cozy fireplaceSpacious waterfront lotGenerous living spacesStunning water viewsTucked beneath mature trees
- 161 days |
- 194 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Micha S Osloond 830-953-0513,
Horseshoe Bay Living 2, LLC
Source: HLMLS as distributed by MLS GRID,MLS#: 176898
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Dining Room, Foyer, Kitchen, Laundry, Living Room, Loft, Utility Room Inside
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Double Oven, Disposal, Microwave, Electric Range, Refrigerator, Trash Compactor, Washer Hookup, Electric Water Heater
Features
- Breakfast Bar, Pantry, Recessed Lighting, Split Bedroom
- Flooring: Hard Tile, Hardwood
- Number of fireplaces: 1
- Fireplace features: One, Gas Log
Interior area
- Total structure area: 3,590
- Total interior livable area: 3,590 sqft
Property
Parking
- Total spaces: 4
- Parking features: 2 Car Attached Garage, 2 Car Carport, Front Entry, RV Parking Slab
- Attached garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Features
- Stories: 2
- Patio & porch: Covered
- Fencing: Wrought Iron
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Channel, Lake LBJ
- Frontage length: 100
Lot
- Size: 0.68 Acres
- Dimensions: 100 x 300
- Features: Landscaped
Details
- Parcel number: 032265
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition,Metal
Condition
- Year built: 1998
Utilities & green energy
- Sewer: Septic Tank
Green energy
- Energy efficient items: Ceiling Fan(s)
Community & HOA
Community
- Subdivision: Sherwood Shores III
HOA
- Has HOA: No
Location
- Region: Marble Falls
Financial & listing details
- Price per square foot: $418/sqft
- Tax assessed value: $1,202,476
- Date on market: 3/11/2026
- Road surface type: Paved
Estimated market value
$1,410,900
$1.34M - $1.48M
$3,813/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Price change | $1,499,000-0.1%$418/sqft |
Source:  HLMLS as distributed by MLS GRID #176898 Report a problem | ||
| 3/11/2026 | Listed for sale | $1,500,000$418/sqft |
Source: HLMLS as distributed by MLS GRID #176898 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,202,476 +6.5% |
| 2024 | $19,538 +14.2% | $1,129,237 +10% |
| 2023 | $17,106 -7.2% | $1,026,579 +10% |
| 2022 | $18,426 +4.2% | $933,254 +10% |
| 2021 | $17,675 | $848,413 +8.9% |
| 2020 | -- | $778,894 +10% |
| 2019 | $15,283 | $708,085 +25.1% |
| 2017 | -- | $566,196 +10% |
| 2016 | -- | $514,724 +7.4% |
| 2015 | -- | $479,264 +5.1% |
| 2014 | -- | $455,928 |
| 2012 | -- | $455,928 -3.2% |
| 2011 | -- | $470,805 |
| 2010 | -- | $470,805 |
| 2009 | -- | $470,805 +23.6% |
| 2008 | -- | $380,805 +11.7% |
| 2007 | -- | $340,805 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 78654
Nearby schools
GreatSchools rating
- 3/10Highland Lakes Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 4/10Marble Falls Middle SchoolGrades: 6-8Distance: 5.7 mi
- 4/10Marble Falls High SchoolGrades: 9-12Distance: 7.3 mi
- $624,500-- bd1 ba1.6k sqft508 E Castleshoals Dr, Marble Falls, TX 78654Off Market
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- $---- bd-- ba-- sqft428 E Castleshoals Dr, Marble Falls, TX 78654Off Market
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- $714,600-- bd1 ba1.9k sqft426 E Castleshoals Dr, Granite Shoals, TX 78654Off Market
- $525,9003 bd2 ba1.9k sqft426 E Castleshoals, Granite Shoals, TX 78654Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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