Rare opportunity on constant-level Lake LBJ with 163 feet of prime waterfront in the quiet and quaint Shady Acres subdivision, ideally situated between Granite Shoals and Kingsland. Nestled on a beautifully maintained .51-acre lot with lush grass and mature trees, this charming 2 bedroom, 2 bath waterfront home offers the perfect blend of comfort, convenience, and lakefront living. Inside, you'll find wood plank tile flooring throughout the main living areas, carpet in the bedrooms, a cozy wood-burning fireplace, and an updated kitchen featuring quartz countertops. The spacious bathroom includes a walk-in tile shower for a modern touch. Step outside to enjoy the large covered patio overlooking the serene backyard and sparkling waters of Lake LBJ—perfect for relaxing or entertaining. The property is well-equipped for lake life with a 1-stall boat dock with electric lift, separate fishing dock, detached 2-car garage, and a workshop/storage building with attached RV carport. Conveniently located near Marble Falls shopping, dining, and entertainment, while also just minutes from Kingsland’s popular waterfront restaurants and attractions. Beautiful waterfront, mature landscaping, and an unbeatable location make this Lake LBJ property a must-see.
For sale
Price cut: $74K (7/7)
$825,000
501 Oleander Dr, Marble Falls, TX 78654
2beds
1,792sqft
:
Get pre-qualified$5,553/mo
Single Family Residence, Residential
Built in 1978
0.51 Acres Lot
$-- Zestimate®
$460/sqft
$-- HOA
What's special
Beautiful waterfrontCozy wood-burning fireplaceSeparate fishing dockCarpet in the bedroomsMature landscaping
- 78 days |
- 396 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Dana L Yarter 512-755-1355,
RE/MAX of Marble Falls,
Jordan Vann 830-613-6388,
RE/MAX of Marble Falls
Source: HLMLS as distributed by MLS GRID,MLS#: 177996
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Kitchen, Laundry, Living Room, Utility Room Inside, Main Level Master Bdrm
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Electric Range, Washer Hookup, Electric Water Heater
Features
- Breakfast Bar, Pantry, Recessed Lighting, No Steps to Entry
- Flooring: Carpet, Tile
- Number of fireplaces: 1
- Fireplace features: One
Interior area
- Total structure area: 1,792
- Total interior livable area: 1,792 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car Detached Garage, Front Entry, RV Storage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Open Concrete Areas
- Fencing: Chain Link,Partial
- Has view: Yes
- View description: Hill Country, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Channel, Lake LBJ
- Frontage length: 163
Lot
- Size: 0.51 Acres
- Dimensions: 160 x 141 x 163 x 180
Details
- Parcel number: 038479
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding, Brick, HardiPlank Type
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
Green energy
- Energy efficient items: Ceiling Fan(s)
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Shady Acres
Location
- Region: Marble Falls
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $1,135,378
- Date on market: 5/19/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $825,000-8.2%$460/sqft |
Source:  HLMLS as distributed by MLS GRID #177996 Report a problem | ||
| 5/19/2026 | Listed for sale | $899,000$502/sqft |
Source: HLMLS as distributed by MLS GRID #177996 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $774,816 +10% |
| 2024 | $1,477 +2.6% | $704,378 +10% |
| 2023 | $1,440 -61.8% | $640,344 +10% |
| 2022 | $3,767 +0.5% | $582,131 +7.9% |
| 2021 | $3,748 | $539,615 +7.2% |
| 2020 | -- | $503,170 +0.6% |
| 2019 | $3,693 | $500,009 +5.1% |
| 2017 | -- | $475,832 +3.6% |
| 2016 | -- | $459,198 |
| 2015 | -- | $459,198 +5.3% |
| 2014 | -- | $436,069 -20.4% |
| 2012 | -- | $548,125 |
| 2011 | -- | $548,125 +0.6% |
| 2010 | -- | $544,965 |
| 2009 | -- | $544,965 +36.6% |
| 2008 | -- | $398,805 +23.6% |
| 2007 | -- | $322,556 |
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.Climate risks
Neighborhood: 78654
Nearby schools
GreatSchools rating
- 3/10Highland Lakes Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 4/10Marble Falls Middle SchoolGrades: 6-8Distance: 6.9 mi
- 4/10Marble Falls High SchoolGrades: 9-12Distance: 8.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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