501 Oleander Dr, Marble Falls, TX 78654
Property image
Property image
FOR SALE
0.51 ACRES

$825,000

Original price: $899,000
  • 2 Beds
  • 2 Baths
  • 1,792 sqft (on 0.51 acres)

501 Oleander Dr, Marble Falls, TX 78654

Est. Mortgage $5,417/mo*
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Home Highlights

Single-Family Home
Built in 1978
0.51 acre lot
$460/sqft
Garage

Local Information

  • Map ViewExplore the area around 501 Oleander Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 22 hours ago
Listing courtesy of Dana L Yarter, (512) 755-1355
RE/MAX of Marble Falls
Jordan Vann, (830) 613-6388
RE/MAX of Marble Falls
Source: HLMLS as distributed by MLS GRID, MLS#177996

Home Details for 501 Oleander Dr

Interior Features

Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1792 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, Microwave, Electric Range, Washer Hookup, Electric Water HeaterDishwasherDisposalMicrowave
Heating & Cooling
Heating: Central,ElectricHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Number of Fireplaces: 1Fireplace: OneHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneFloors: Carpet, Tile
View
Has a ViewView: Hill Country, Lake
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: CoveredFencing: Chain Link, PartialExterior: Open Concrete AreasFoundation: Slab
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: 2 Car Detached Garage,Front Entry,RV Storage
Frontage
WaterfrontWaterfront: Channel, Lake LBJRoad Surface Type: PavedOn Waterfront
Water & Sewer
Sewer: Septic Tank
Farm & Range
Frontage Length: 163

Days on Market

Days on Market: 116

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, Residential
Building
Construction Materials: Wood Siding, Brick, HardiPlank Type
Property Information
Parcel Number: 038479

Price & Status

Price
List Price: $825,000Price Per Sqft: $460
Status Change & Dates
Possession Timing: Closing/Funding

Active Status

MLS Status: Active

Location

Direction & Address
City: Marble FallsCommunity: Shady Acres
School Information
High School District: Marble Falls

Agent Information

Listing Agent
Listing ID: 177996

Building

Building Area
Building Area: 1792 Square Feet

Lot Information

Lot Area: 0.51 acres

Energy

Energy Efficiency Features: Ceiling Fan(s)

Miscellaneous

Mls Number: 177996Water ViewWater View: Lake

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. "
  • 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. "
  • Mary C.
    "Very family oriented town. Good schools, a number of of choices for shopping and entertainment. Very friendly. "
  • Mary C.
    "No public transportation, somewhat walkable. Beautiful small town, good shopping. Good school district. "
  • 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."
  • 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."
  • Daychasea
    "Great Christmas celebrations down by the lake. You can see it crossing the bridge into town. It’s mesmerizing!"
  • Madeline
    "Walkway of lights Moonlight madness at Halloween Christmas Parade Fourth of July concerts and fireworks in Johnson Park"
  • 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. "
  • Victoria A.
    "Most jobs require a long commute to Austin or round rock if you’re looking for a professional position "
  • 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. "
  • Victoria A.
    "Marble Falls is a nice quiet community. It’s ideal for families and retirees that want a slower pace. "
  • 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 "
  • 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."
  • 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 "
  • elk3rd
    "Less than an hour from Austin, situated on Lake Travis deep water, this home is a rare gem."
  • 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. "

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
7
MoM

Home Value

Trulia Estimate
$780K
Since last month
Increased$14K (+1.8%)
Since last year
Increased$47K (+6.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +42% in the last 10 years
MonthEstimated value
2026
September 2026$780K
August 2026$760K
July 2026$766K
June 2026$842K
May 2026$883K
April 2026$770K
March 2026$866K
February 2026$813K
January 2026$801K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
0.17
Single-Family Home
-
05/04/26
2
2
1,745
0.21
Single-Family Home
-
12/29/25
3
2
1,730
0.37
Single-Family Home
-
01/06/26
3
2
2,061
0.28
Single-Family Home
-
05/18/26
3
2
1,949
0.45
Single-Family Home
-
10/27/25
3
2
2,037
0.21
Single-Family Home
-
07/02/26
3
3.5
3,005
0.37
Single-Family Home
-
07/24/26
2
1
1,570
0.45
Single-Family Home
-
04/08/26
3
2
1,960

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
0.11
$350,000
4
2.5
4,143
For Sale
0.09
$2,250,000
4
4.5
2,906
For Sale
0.14
$414,600
3
2
1,637
Off Market
0.16
$1,278,200
4
4
3,504
Off Market
0.16
$240,500
2
2
1,083
Off Market
0.21
$911,500
4
3
2,190
Off Market
0.17
-
2
2
1,745
Recently Sold
0.21
-
-
-
-
Off Market
0.21
-
3
2
1,730
Recently Sold
0.18
-
-
-
-
Off Market
0.20
$416,700
3
2
1,811
Off Market

Price and Tax history

DateEventPrice
Jul 7, 2026
Source: HLMLS as distributed by MLS GRID #177996
PriceChange
$825,000
Price decreased by 8%
May 19, 2026
Source: HLMLS as distributed by MLS GRID #177996
Listed For Sale
$899,000

LGBTQ Local Legal Protections

Dana L Yarter, RE/MAX of Marble Falls
Agent Phone: (512) 755-1355
Based on information submitted to the MLS GRID as of 2026-09-11 16:22:17 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information

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Frequently asked questions about 501 Oleander Dr

  • What is the estimated monthly payment for 501 Oleander Dr?
    Based on a $825,000 list price with 20% down at today's rates, the estimated monthly payment for 501 Oleander Dr in Marble Falls, TX is approximately $5,529 (about $4,450 principal & interest, $1,004 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 501 Oleander Dr?
    The closest schools to 501 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).
  • What is 501 Oleander Dr estimated to be worth?
    Trulia's estimated value for 501 Oleander Dr in Marble Falls, TX is $779,500.
  • Does 501 Oleander Dr have air conditioning?
    Yes, 501 Oleander Dr in Marble Falls, TX has air conditioning.
  • How big is the lot at 501 Oleander Dr?
    The lot at 501 Oleander Dr in Marble Falls, TX is about 0.51 acres (22,045 sq ft).
501 Oleander Dr, Marble Falls, TX 78654 is a 2 bedroom, 2 bathroom, 1,792 sqft single-family home built in 1978. This property is currently available for sale and was listed by HLMLS as distributed by MLS GRID on May 19, 2026. The MLS # for this home is MLS# 177996.