481 Chimney Cove DR Marble Falls, TX 78654
5 Beds
4.5 Baths
5,611 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,611 sqft
Price per Sqft $480
Subdivision Chimney Cove Estates
MLS Listing ID 4878913
Bedrooms 5
Full Baths 4
Half Baths 1
HOA Fees $750/ann
HOA Y/N Yes
Year Built 2007
Annual Tax Amount $16,605
Tax Year 2025
Lot Size 5.002 Acres
Acres 5.002
Property Sub-Type Single Family Residence
Source actris
Property Description
Welcome to House of the Good Life, a rare, private gated waterfront estate where 318 feet of shoreline, panoramic water views, and unforgettable sunsets create an extraordinary setting for refined living and effortless entertaining, all complemented by a remarkably low 1.3233% agricultural exempt tax rate.
Set on 5 pristine, park-like acres within an exclusive gated community, this Mediterranean-inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities. Ideally positioned for both seclusion and convenience, with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander.
The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms, featuring three fireplaces, expansive living areas, and seamless indoor–outdoor flow. A chef's kitchen anchors the home, opening to generous gathering spaces designed for entertaining on any scale. Walls of windows capture breathtaking lake and landscape vistas, while a brand-new 2025 roof adds lasting peace of mind. Outdoors, the covered patio invites year-round enjoyment, from tranquil Hill Country mornings to sunset evenings, enhanced by an impressive 18-ft, 2,000-gallon swim spa.
Complementing the main home, a charming 2-bedroom guest house includes a temperature-controlled wine room and a versatile bonus space currently serving as an art studio — ideal for creative pursuits, a gym, or private office. An additional powered workshop supports hobbies, projects, or storage.
Designed for both recreation and functionality, the grounds feature dual water sources, EV connection, RV hookup, and a private air-conditioned boathouse with boat lift and jet ski ramp. With expansive acreage, significant waterfront, and ag-exempt status supported by grazing Longhorns, this one-of-a-kind estate invites you to live beautifully and experience the good life.
Location
State TX
County Burnet
Rooms
Main Level Bedrooms 5
Interior
Interior Features Bar, Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Kitchen Island, No Interior Steps, Pantry, Primary Bedroom on Main, Sound System, Storage, Walk-In Closet(s)
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Tile, Wood
Fireplaces Number 3
Fireplaces Type Den, Family Room, Gas, Primary Bedroom, Stone, Wood Burning
Fireplace No
Appliance Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Dryer, Microwave, RNGHD, Water Purifier Owned, Wine Refrigerator
Exterior
Exterior Feature Boat Dock - Private, Boat Lift, CCTYD, Exterior Steps, Lighting, Outdoor Grill, Private Entrance, RV Hookup
Garage Spaces 3.0
Fence Fenced
Pool In Ground, Pool/Spa Combo
Community Features Gated
Utilities Available Electricity Connected, Propane, Sewer Connected, Water Connected
Waterfront Description Waterfront
View Hill Country, Lake, Panoramic, Water
Roof Type Tile
Porch Covered, Rear Porch
Total Parking Spaces 5
Private Pool Yes
Building
Lot Description Agricultural, Back Yard, Cleared, Landscaped, Level, Views
Faces Northwest
Foundation Slab
Sewer Septic Tank
Water See Remarks
Level or Stories One
Structure Type Stone
New Construction No
Schools
Elementary Schools Colt
Middle Schools Marble Falls
High Schools Marble Falls
School District Marble Falls Isd
Others
HOA Fee Include See Remarks,Common Area Maintenance
Special Listing Condition Standard