# 501 Oleander Drive, Marble Falls, TX 78654

> **TL;DR:** 2bd/2ba single family, $899,000 ($502/sqft), built 1978, 1,792 sqft.
> Fireplace, Waterfront, View, A/C. Est. $3,971/mo. Listed 6 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $899,000 |
| Price/sqft | $502 |
| Bedrooms | 2 |
| Bathrooms | 2 full |
| Square Feet | 1,792 |
| Year Built | 1978 |
| Lot Size | 22,216 sqft (0.51 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 6 |

## Why This Home Stands Out

- **Waterfront** - Direct water access
- **Views** - Lake

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,896 |
| HOA | $75 |
| **Total** | **$3,971** |

## Nearby Schools

- **Elementary:** Highland Lakes Elementary
- **Middle:** Marble Falls Middle School
- **High:** Marble Falls High School

## Key Amenities

- Fireplace
- Waterfront
- View
- A/C
- RV Parking

## Property Highlights

- Built in 1978
- 0.51 acre lot
- Fireplace
- Waterfront

## Description

### Agent Description
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.

## Location

- **Address:** 501 Oleander Drive, Marble Falls, TX 78654
- **County:** Burnet
- **Neighborhood:** Shady Acres
- **Coordinates:** 30.608527, -98.391007
- **Google Maps:** https://www.google.com/maps?q=30.608527,-98.391007

## Listing Agent

- **Name:** Dana Yarter
- **Brokerage:** RE/MAX Marble Falls
- **Phone:** 5127551355
- **Email:** dana@remax-mftx.com

## Primary Photo

![501 Oleander Drive - Primary Photo](http://lh.rdcpix.com/698675b085cdb7fdd68bbf75ea13acf5l-f3854355078r.jpg)

*47 total photos available on [listing page](https://www.propertysimple.com/listing/501-oleander-drive-marble-falls-tx-78654-r614885)*

---

**MLS#:** 614885 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-oleander-drive-marble-falls-tx-78654-r614885)

---

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