311 Oleander Dr, Marble Falls, TX 78654
FOR SALE
0.6 ACRES

311 Oleander Dr
Marble Falls, TX 78654

  • 4 Beds
  • 2.5 Baths
  • 4,143 sqft (on 0.60 acres)

$2,499,000

Est. Mortgage $15,585/mo*
Get Pre-Qualified

$2,499,000

Est. Mortgage $15,585/mo*
Get Pre-Qualified
4 Beds
2.5 Baths
4,143 sqft
(on 0.60 acres)
We estimate this home will sell faster than 99% nearby.

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Where lake life meets quiet opulence, Oleander is not just a home.... It's a private waterfront estate that rewrites the standard for Shady Acres. Set on an extraordinary 205 feet of channel frontage, this single-story retreat stretches out with intention and confidence. Inside, an expansive living room opens to walls of windows that frame the water like living art. It's the kind of space that doesn't just host people.... it gathers them. The kitchen is built for serious culinary firepower: a chef's propane range, dual dishwashers, and the kind of flow that keeps everything seamless when entertaining. Tucked behind it, a fully equipped baker's kitchen adds a second layer of function with additional appliances, storage, and prep space. The primary suite is its own sanctuary. Fireplace lit, doors open to the pool, and a bathroom that leans into luxury with a clawfoot tub, walk-in shower, dual vanities, and seated make-up area. Even the closet complete with washer and dryer hook-ups that keep life effortlessly contained. Step outside and the tone shifts from refined to resort. An oversized 12-foot-deep pool with a waterfall becomes the centerpiece, framed by swaying palms and a rare sandy lounge area. Two firepits anchor the massive patio, from there, the property flows down to the water and is designed to be experienced, not just admired. The pool house delivers the lifestyle with its own bedroom, living space, kitchenette, and full bath. A detached two-car garage with three additional storage rooms handles everything behind the scenes. At the shoreline, a covered hydraulic boat slip with a fully automated enclosure and 2 jet ski lifts makes getting on the water effortlessly. Every inch of this 4183 sq ft estate has been curated with intention-from the fountain-lined front approach to the lush, high-end landscaping that wraps the entire property in color and texture. This isn't a "nice home" in the neighborhood. This is the one everything else is compared to.
We estimate this home will sell faster than 99% nearby.

Home Highlights

Parking
Garage
Outdoor
Porch, Patio, Pool
A/C
Heating & Cooling
HOA
$17/Monthly
Price/Sqft
$603
Listed
3 days ago

Home Details for 311 Oleander Dr

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 4143 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Propane, Underground Utilities, Water ConnectedAppliances: Built-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop, RefrigeratorDishwasherDisposalMicrowaveRefrigerator
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Ceiling Fan(s), Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Number of Fireplaces: 1
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Flooring: Tile
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Tile
View
Has a ViewView: Canal, Lake, Neighborhood, Water

Exterior Features

Exterior Home Features
Patio / Porch: Patio, Rear Porch, Side PorchFencing: Back Yard, Fenced, Full, Gate, Wood, Wrought IronOther Structures: Garage(s), Pool HouseExterior: Boat Dock - Private, Boat Lift, Exterior Steps, Private Entrance, Private YardFoundation: SlabHas a Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Detached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Paved, Private
Pool
Pool: In Ground, Outdoor Pool, WaterfallPool
Frontage
WaterfrontWaterfront: Canal Front, WaterfrontOn Waterfront
Water & Sewer
Sewer: Aerobic Septic, Septic TankWater Body: Lake LBJ
Farm & Range
Not Allowed to Raise Horses

Days on Market

Days on Market: 3

Property Information

Year Built
Year Built: 1970
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNo Additional Parcels
Property Information
Condition: ResaleParcel Number: 38471

Price & Status

Price
List Price: $2,499,000Price Per Sqft: $603
Status Change & Dates
Possession Timing: Close Of Escrow, Funding

Location

Direction & Address
City: Marble FallsCommunity: Shady Acres
School Information
Elementary School: Marble FallsElementary School District: Marble Falls ISDJr High / Middle School: Marble FallsJr High / Middle School District: Marble Falls ISDHigh School: Marble FallsHigh School District: Marble Falls ISD

Agent Information

Listing Agent
Listing ID: 7902186

Community

Community Features: See Remarks

HOA

HOA Fee Includes: Common Area MaintenanceHOA Name: Shady Acres POAHas an HOAHOA Fee: $200/Annually

Lot Information

Lot Area: 0.60 acres

Listing Info

Special Conditions: See Remarks

Offer

Listing Terms: Cash

Miscellaneous

Mls Number: 7902186Water ViewWater View: Canal, Lake, WaterAttribution Contact: (512) 705-2504

Additional Information

See Remarks
Last check for updates: about 22 hours ago
Listing courtesy of Kasey Mercurio, (512) 705-2504
MCM Land Company LLC, (512) 705-2504
Source: Unlock MLS, MLS#7902186
Also Listed on Unlock MLS.

Price History for 311 Oleander Dr

DatePriceEventSource
05/22/2026$2,499,000Listed For SaleUnlock MLS #7902186
08/09/2024$3,799,000ListingRemovedUnlock MLS #3444317
05/23/2024$3,799,000PriceChange
Unlock MLS #3444317
02/16/2024$3,999,000Listed For SaleHLMLS as distributed by MLS GRID #167448
09/16/2023ListingRemovedUnlock MLS #7827619
04/10/2023$2,950,000Listed For SaleHLMLS as distributed by MLS GRID #163972
10/26/2018--Sold
HLMLS as distributed by MLS GRID #143936
08/24/2018$1,399,000PendingAgent Provided
07/22/2018$1,399,000Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
Tax
Assessment$28,750,000
Home facts updated by county records

Comparable Sales for 311 Oleander Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
710 Highland Drive, Highland Haven, TX
0.20
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-
12/29/25
3
2
1,730
300 E Heron Drive, Highland Haven, TX
0.42
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-
08/19/25
4
4.5
3,332
106 Redbird Street, Highland Haven, TX
0.24
Single-Family Home
-
05/18/26
3
2
1,949
201 W Heron, Highland Haven, TX
0.39
Single-Family Home
-
01/06/26
3
2
2,061
116 Wren Street, Highland Haven, TX
0.36
Single-Family Home
-
08/13/25
3
2
1,629
310 Blackbird Drive, Highland Haven, TX
0.40
Single-Family Home
-
04/08/26
3
2
1,960
304 E Pheasant Road, Highland Haven, TX
0.26
Single-Family Home
-
05/04/26
2
2
1,745
112 Penguin Street, Highland Haven, TX
0.48
Single-Family Home
-
07/24/25
3
2
1,737
109 Flamingo Circle, Highland Haven, TX
0.53
Single-Family Home
-
10/27/25
3
2
2,037

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 311 Oleander Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Marble Falls

At least 72 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 86 % Say parking is easy

  • 76 % Say yards are well-kept

  • 73 % Say it's dog friendly

  • 71 % Say there's wildlife

  • 68 % Say there's holiday spirit

  • 63 % Say it's quiet

  • 60 % Say people would walk alone at night

  • 54 % Say kids play outside

  • 52 % Say they plan to stay for at least 5 years

  • 49 % Say it's walkable to restaurants

  • 46 % Say neighbors are friendly

  • 42 % Say it's walkable to grocery stores

  • 35 % Say streets are well-lit

  • 34 % Say there are community events

  • 32 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Unspecified
    "Lots of great parks and abundant homeschooling community. Day cares are highly in demand. The community goes all out to do activities for the youth in the area. "
    0
    Flag
  • Jaki Michalski
    "We have a very friendly set of neighbors who will actually learn your name and wave to say hello if they see you driving / walking by. "
    1
    Flag
  • Mary C.
    "Very family oriented town. Good schools, a number of of choices for shopping and entertainment. Very friendly. "
    0
    Flag
  • Mary C.
    "No public transportation, somewhat walkable. Beautiful small town, good shopping. Good school district. "
    0
    Flag
  • Gail S.
    "Market days is always alit of fun in Marble Falls. People are always very friendly. It is very small town and peaceful. Dogs and children alike are welcome."
    0
    Flag
  • Vicki S.
    "Marble falls has been a nice quiet place to call home. It’s a good place to raise children. The outdoor activities and lake are fabulous."
    0
    Flag
  • Daychasea
    "Great Christmas celebrations down by the lake. You can see it crossing the bridge into town. It’s mesmerizing!"
    0
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  • Madeline
    "Walkway of lights Moonlight madness at Halloween Christmas Parade Fourth of July concerts and fireworks in Johnson Park"
    0
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  • Vicki S.
    "Marble falls is a nice city with a small town feel. It’s a nice place to raise a family but there are not a lot of things to do. "
    0
    Flag
  • Victoria A.
    "Most jobs require a long commute to Austin or round rock if you’re looking for a professional position "
    0
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  • Lbsconcan
    "It’s safe, good schools, friendly, good police and fire depts Well kept multiple parks. Nice shopping areas. A great HEB We have drugs like most communities but the police Dept and narcotics task force are on top of it. "
    0
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  • Victoria A.
    "Marble Falls is a nice quiet community. It’s ideal for families and retirees that want a slower pace. "
    0
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  • Mindy12d2003
    "The area is beautiful . Potential for growth . Would be nice to have bike lanes. Enjoy the area . The community is friendly. Would be so nice to become a dog community "
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  • Davidebell1979
    "There are way too many vehicles per household. The street is generally crowded. Also, several residents let their pets run loose, unattended from time to time. Other than that it’s a quiet neighborhood. The neighbors that I do know are all friendly. Being an affordable neighborhood for renters, we do see the occasional... unwanted neighbor now and then. Fortunately, they don’t last long. The home owners association acts quickly when a resident is deemed a nuisance. I enjoy living in this small town. If it weren’t from being so far away from my employer, I would consider making this town my permanent home."
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  • Deweytrish
    "It feels like you’re in the country with small town living all within 5 mins from town. Love our morning walks in our neighborhood and seeing the deer run freely "
    5
    Flag
  • elk3rd
    "Less than an hour from Austin, situated on Lake Travis deep water, this home is a rare gem."
    0
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  • Texasjunkbox
    "Constant level Lake LBJ provides for lake activities with nice waterfront park and public pool facilities. Quaint historic downtown with local shops plus the big box stores too. Great restaurants for all tastes. "
    0
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LGBTQ Local Legal Protections

Kasey Mercurio, MCM Land Company LLC, (512) 705-2504
Agent Phone: (512) 705-2504
Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2026-05-25 07:52:35 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. Click here for more information
311 Oleander Dr, Marble Falls, TX 78654 is a 4 bedroom, 3 bathroom, 4,143 sqft single-family home built in 1970. This property is currently available for sale and was listed by Unlock MLS on May 22, 2026. The MLS # for this home is MLS# 7902186.