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.
For sale
Price cut: $10K (8/7)
$1,389,999
511 Chimney Cove Dr, Marble Falls, TX 78654
5beds
3,463sqft
:
Get pre-qualified$9,158/mo
Single Family Residence
Built in 2002
5.01 Acres Lot
$1,338,500 Zestimate®
$401/sqft
$63/mo HOA
What's special
Finished walk out basementLarge spaStunning water viewsSerene settingWaterfront access
- 88 days |
- 652 |
- 65 |
Zillow last checked:
Listing updated:
Listed by:
Daniel Nestorovski TREC #0709955 810-853-0685,
Keller Williams Central
Source: HAR,MLS#: 21733270
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Primary bedroom
- Level: First
- Area: 1
- Dimensions: 1x1
Bedroom
- Level: First
- Area: 1
- Dimensions: 1x1
Bedroom
- Level: First
- Area: 1
- Dimensions: 1x1
Bedroom
- Level: First
- Area: 1
- Dimensions: 1x1
Bedroom
- Level: First
- Area: 1
- Dimensions: 1x1
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Disposal, Microwave, Dishwasher
Interior area
- Total structure area: 3,463
- Total interior livable area: 3,463 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway Gate, Attached, Additional Parking, Boat, RV Access/Parking
- Attached garage spaces: 3
Features
- Stories: 2
- Has view: Yes
- View description: Lake, River, Water
- Has water view: Yes
- Water view: Lake,River,Water
- Waterfront features: Lake Front, River Front
Lot
- Size: 5.01 Acres
- Features: Waterfront, 5 Up to 10 Acres
Details
- Parcel number: 9647
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Stone, Vinyl Siding
- Foundation: Slab
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Other, Septic Tank
- Water: Other
Community & HOA
Community
- Subdivision: Chimney Cove Estates
HOA
- Has HOA: Yes
- HOA fee: $750 annually
Location
- Region: Marble Falls
Financial & listing details
- Price per square foot: $401/sqft
- Tax assessed value: $2,103,456
- Annual tax amount: $15,445
- Date on market: 5/14/2026
Estimated market value
Zestimate®
$1,338,500
Estimated sales range
$1.27M - $1.41M
Rent Zestimate®
$4,038/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Price change | $1,389,999-0.7%$401/sqft |
Source: | ||
| 7/15/2026 | Price change | $1,399,999-3.4%$404/sqft |
Source: | ||
| 6/29/2026 | Price change | $1,450,000-2%$419/sqft |
Source: | ||
| 6/16/2026 | Price change | $1,480,000-0.7%$427/sqft |
Source: | ||
| 6/2/2026 | Price change | $1,490,000-0.7%$430/sqft |
Source: | ||
| 5/14/2026 | Listed for sale | $1,500,000$433/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,487,543 +7.7% |
| 2024 | $7,716 +0.1% | $1,381,461 +7.5% |
| 2023 | $7,710 -30.7% | $1,285,023 +17.1% |
| 2022 | $11,126 -0.4% | $1,097,024 +7.8% |
| 2021 | $11,170 | $1,017,323 +24% |
| 2020 | -- | $820,299 +1.8% |
| 2019 | $9,965 | $805,639 +63.7% |
| 2017 | -- | $492,163 +8.7% |
| 2016 | -- | $452,709 |
| 2015 | -- | $452,709 +0.6% |
| 2014 | -- | $450,202 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | $437,419 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 78654
Nearby schools
GreatSchools rating
- 7/10Colt Elementary SchoolGrades: PK-5Distance: 7.6 mi
- 4/10Marble Falls Middle SchoolGrades: 6-8Distance: 9 mi
- 4/10Marble Falls High SchoolGrades: 9-12Distance: 7.6 mi
Schools provided by the listing agent
- Elementary: Colt Elementary School
- Middle: Marble Falls Middle School
- High: Marble Falls High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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