501 Oleander Drive, Marble Falls, Burnet, Residential, 2, 2

$ 899,000
501 Oleander Drive, Marble Falls, Shady Acres

Overview

  • Updated On:
  • May 27, 2026
  • 2 Bedrooms
  • 2 Bathrooms
  • 1,792 ft2

Description

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.

Address: 501 Oleander Drive
State/County:
Zip: 78654
Country: United States

Property Id: 938117
Price: $ 899,000
Property Size: 1,792 ft2
Property Lot Size: 1 ft2
Rooms: 6
Bedrooms: 2
Bathrooms: 2
ActivationDate: 2026-05-26
AssociationFee: 75
AssociationFeeFrequency: Annually
AssociationName: Shady Acres
BathroomsFull: 2
CommunityFeatures: Park
ConstructionMaterials: BrickVeneer, Frame, HardiplankType
ContractStatusChangeDate: 2026-05-26
Cooling: CentralAir, Electric
Directions: Take FM 1431 West toward Kingsland, Left on CR 131, Right on Willow, Left on Oleander, House on your Left.
ElementarySchool: Highland Lakes Elementary
ElementarySchoolDistrict: Marble Falls ISD
Fencing: BackYard, ChainLink, Partial
FireplaceFeatures: LivingRoom, WoodBurning
FireplacesTotal: 1
Flooring: Carpet, Tile
FoundationDetails: Slab
GarageSpaces: 2
Heating: Central, Electric
HighSchool: Marble Falls High School
HighSchoolDistrict: Marble Falls ISD
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
Levels: One
ListAgentAOR: WilliamsonCountyAssociationOfRealtors
ListAgentDirectPhone: 512-755-1355
ListAgentEmail: dana@remax-mftx.com
ListAgentFirstName: Dana
ListAgentFullName: Dana Yarter
ListAgentKey: 21331588
ListAgentLastName: Yarter
ListAgentMlsId: W0453256
ListAgentOfficePhone: 830-798-1443
ListAgentPreferredPhone: 512-755-1355
ListAgentStateLicense: 0453256
ListOfficeAOR: WilliamsonCountyAssociationOfRealtors
ListOfficeEmail: dana@remax-mftx.com
ListOfficeKey: 5049081
ListOfficeMlsId: W804500111
ListOfficeName: RE/MAX Marble Falls
ListOfficePhone: 830-798-1443
ListingAgreement: ExclusiveRightToSell
ListingContractDate: 2026-05-26
MLS ID: 614885
ListingTerms: Cash, Conventional, FHA, VaLoan
LivingAreaSource: Appraiser
LotSizeArea: 0.51
MiddleOrJuniorSchool: Marble Falls Middle School
MiddleOrJuniorSchoolDistrict: Marble Falls ISD
MlsStatus: Active
Last Modified: May 27, 2026 at 02:04am
OnMarketDate: 2026-05-26
OriginalListPrice: 899000
OriginatingSystemKey: 57823189
OriginatingSystemName: CTEXAS
OtherStructures: Storage, Workshop
PatioAndPorchFeatures: Covered, Patio, Porch
PhotosCount: 47
PostalCode: 78654
PropertyCondition: Resale
Roof: Composition, Shingle
Sewer: SepticTank
StateOrProvince: TX
StatusChangeTimestamp: May 26, 2026 at 03:15pm
Stories: 1
StreetName: Oleander
StreetNumber: 501
StreetNumberNumeric: 501
StreetSuffix: Drive
TaxLegalDescription: S7530 SHADY ACRES LOT 151 & 152, SEC 2 & FILL & SUBMERGED
TaxLot: 151
Utilities: ElectricityAvailable, Other, SeeRemarks
View: Lake
WaterSource: Public
WaterfrontFeatures: BoatRampLiftAccess, DockAccess, WaterAccess
YearBuilt: 1978
YearBuiltSource: Assessor

Other Features
1
BreakfastBar
CeilingFans
CoveredPatio
Electrical Utility Available
ElectricRange
ElectricWaterHeater
Has a View
Has Cooling System
Has Fireplace
Has Garage
Has Heating System
Has Waterfront
HighCeilings
Home Owners Association
KitchenFamilyRoomCombo
Microwave
Pantry
Porch
RainGutters
Range
RecessedLighting
Refrigerator
SeeRemarks
SomeElectricAppliances
Storage
SunRoom
WalkInClosets
WasherHookup, LaundryInUtilityRoom, MainLevel, LaundryRoom

$ 4,609.35
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,485.60

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Heidi Brautigan