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

$350,000

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

311 Oleander Dr, Marble Falls, TX 78654

Est. Mortgage $2,396/mo*
Get Pre-Qualified

Home Highlights

Single-Family Home
Built in 1970
0.6 acre lot
$84/sqft
Garage
HOA $17/mo

Local Information

  • Map ViewExplore the area around 311 Oleander Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Discover one of Marble Falls' most extraordinary waterfront estates, offering approximately 200 ft of channel frontage. and a level of luxury rarely found on Lake LBJ. This listing offers 1/6 deeded ownership interest (Tenants in Common). List price reflects the purchase price of one fractional ownership share only, not the entire property. Cash purchase is required. Financing for fractional ownership is generally limited. Owners enjoy approximately 8 weeks of annual exclusive use through a professionally managed rotating reservation schedule, combining luxury ownership with a true lock-and-leave lifestyle. Designed for exceptional entertaining, this 4,500 sq ft single story residence features an expansive open living room where walls of windows frame peaceful waterfront views. The gourmet kitchen is equipped with propane range, dual dishwashers, premium finishes, while the separate prep and baker's kitchen offers additional appliances, freezers, sinks, and abundant workspace for effortless hosting. Outside, the estate transforms into a private waterfront resort. An oversized pool with cascading waterfall is surrounded by towering palms, lush professional landscaping, a sandy beach-style lounging area, 2 fire pits, and an expansive patio overlooking the water. A separate pool house provides additional accommodations with a bedroom, living area, kitchenette, and full bath. The detached two-car garage includes 3 additional storage rooms. The 203 ft of waterfront is complemented by a covered hydraulic boat slip with an automated enclosure, two jet ski lifts, and a fully fenced lawn extending to the water's edge. Professionally managed ownership allows you to enjoy an exceptional luxury lakefront lifestyle without the responsibilities of full-time ownership. Contact listing agent for total property value, ownership details, reservation schedule, and fractional ownership documents.
Last check for updates: about 16 hours ago
Listing courtesy of Kasey Mercurio, (512) 705-2504
MCM Land Company LLC, (512) 705-2504
Source: Unlock MLS, MLS#5525989
Also Listed on Unlock MLS.

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: 1Fireplace: Living Room, Stone
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Window: Blinds, Double Pane Windows, Skylight(s)Flooring: Tile
Levels, Entrance, & Accessibility
Stories: 1Levels: OneAccessibility: Central Living Area, Accessible Entrance, Accessible Hallway(s), Accessible Kitchen, Visitor BathroomFloors: Tile
View
Has a ViewView: Canal, Lake, Neighborhood, Water

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Patio, Rear Porch, Side PorchFencing: Back Yard, Fenced, Full, Gate, Wood, Wrought IronOther Structures: Garage(s), Pool HouseExterior: Boat Dock - Private, Boat Lift, Boat Slip, 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: 7

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: $350,000Price Per Sqft: $84
Status Change & Dates
Possession Timing: Close Of Escrow, Funding, Immediate

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: 5525989

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: See Remarks, Cash

Miscellaneous

Mls Number: 5525989Water ViewWater View: Canal, Lake, WaterAttribution Contact: (512) 705-2504

Additional Information

See Remarks

Around this home

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
    Flag
  • Madeline
    "Walkway of lights Moonlight madness at Halloween Christmas Parade Fourth of July concerts and fireworks in Johnson Park"
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • Victoria A.
    "Marble Falls is a nice quiet community. It’s ideal for families and retirees that want a slower pace. "
    0
    Flag
  • 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 "
    0
    Flag
  • 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."
    0
    Flag
  • 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
    Flag
  • 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
    Flag

Market trends in Marble Falls

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
214
7MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
307 E Pheasant Drive, Highland Haven, TX
0.29
Single-Family Home
-
07/02/26
3
3.5
3,005
710 Highland Drive, Highland Haven, TX
0.20
Single-Family Home
-
12/29/25
3
2
1,730
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
416 Highland Drive, Highland Haven, TX
0.29
Single-Family Home
-
08/12/26
3
2
2,264
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
109 Flamingo Circle, Highland Haven, TX
0.53
Single-Family Home
-
10/27/25
3
2
2,037
119 Robin Roads, Highland Haven, TX
0.47
Single-Family Home
-
04/30/26
3
3
1,684

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
501 Oleander Dr, Marble Falls, TX 78654
0.11
$825,000
2
2
1,792
For Sale
207 Crane Dr, Highland Haven, TX 78654
0.12
$918,600
4
3
2,190
Off Market
711 CR 131, Marble Falls, TX 78654
0.19
$418,000
3
2
1,637
Off Market
100 E Pheasant, Manor, TX 78653
0.17
$1,259,100
4
4
3,504
Off Market
513 Oleander Dr, Marble Falls, TX 78654
0.20
$2,250,000
4
4.5
2,906
For Sale
LOT 327 HIGHLAND DR, Marble Falls, TX 78654
0.17
-
-
-
-
Off Market
745 County Road 131, Marble Falls, TX 78654
0.23
$241,800
2
2
1,083
Off Market
710 Highland Drive, Highland Haven, TX 78654
0.20
-
3
2
1,730
Recently Sold
105 Crane Drive, Marble Falls, TX 78654
0.21
-
-
-
-
Off Market
100 E Oriole Drive, Highland Haven, TX 78654
0.23
$419,900
3
2
1,811
Off Market
Lot 49 Pecan Road, Marble Falls, TX 78654
0.27
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Sep 10, 2026
Source: Unlock MLS #5525989
Listed For Sale
$350,000
Sep 1, 2026
Source: Unlock MLS #7902186
ListingRemoved
$2,199,000
Jul 22, 2026
Source: Unlock MLS #7902186
PriceChange
$2,199,000
Price decreased by 4%
Jul 1, 2026
Source: Unlock MLS #7902186
PriceChange
$2,299,000
Price decreased by 4%
Jun 12, 2026
Source: Unlock MLS #7902186
PriceChange
$2,399,000
Price decreased by 4%

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 2026-09-17 13:54:46 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

Similar Homes You May Like

Skip to last item
Skip to first item

New Listings near 311 Oleander Dr

Skip to last item
Skip to first item

Frequently asked questions about 311 Oleander Dr

  • What is the estimated monthly payment for 311 Oleander Dr?
    Based on a $350,000 list price with 20% down at today's rates, the estimated monthly payment for 311 Oleander Dr in Marble Falls, TX is approximately $2,400 (about $1,899 principal & interest, $426 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Marble Falls?
    Residents describe Marble Falls, TX as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Marble Falls, TX.
  • What are the closest schools to 311 Oleander Dr?
    The closest schools to 311 Oleander Dr in Marble Falls, TX are Highland Lakes Elementary School (Pre-K, rated 3/10), Marble Falls High School (rated 4/10), Marble Falls Middle School (rated 4/10).
  • Does 311 Oleander Dr have air conditioning?
    Yes, 311 Oleander Dr in Marble Falls, TX has air conditioning.
  • Does 311 Oleander Dr have a pool?
    Yes, 311 Oleander Dr in Marble Falls, TX has a pool.
  • Does 311 Oleander Dr have a yard?
    Yes, 311 Oleander Dr in Marble Falls, TX has a yard.
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 Sep 10, 2026. The MLS # for this home is MLS# 5525989.