481 Chimney Cove, Marble Falls, Texas

$2,825,000
Active
481 Chimney Cove, Marble Falls, Texas
481 Chimney Cove, Marble Falls, Texas
481 Chimney Cove, Marble Falls, Texas
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Property Details

MLS ID: 4878913
Status: Active
Price: $2,825,000
Acres: 5±
Type: Single Family, Residential
Address: 481 Chimney Cove
City, State: Marble Falls, TX
County: Burnet County
ZIP Code: 78654
Lat/Long: 30.53003, -98.14054
Parcel Number: 9652
Bedrooms: 5
Bathrooms: 5
SqFt: 5,611
Year Built: 2007

Description

Villa La Vita e’ Bella – Gated Waterfront Escape on 5 Acres with Ag Exemption

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.

Directions: From Austin: Take I-35 N, US-183 N, Lakeline Blvd and FM1431/RM 1431 W to Hickory Creek Rd (take left). Follow approximately 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate. From Marble Falls: From US-281 N to 10th St/E Farm to Market 1431 (turn right). Continue for approximately. 10.6 miles to Hickory Creek Rd. (turn right). Follow approx. 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate.

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Justin Witt

Justin Witt

Capitol Ranch Real Estate, LLC

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Capitol Ranch Real Estate, LLC
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© 2026 Austin Board of REALTORS® Based on information submitted to the MLS GRID as of March 5, 2026 at 12:00:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listed By: Kimberly Christman of Kuper Sotheby's Int'l Realty - (512) 608-5363