$2,199,000
$300K PRICE DROP

Estimated payment $14,279/month

Total Views 3,902
4 Beds
2.5 Baths
4,143 Sq Ft
$531 Price per Sq Ft

Highlights

  • Private Dock
  • Pool House
  • Lake View
  • Boat Lift
  • Waterfall on Lot
  • Home fronts a canal

About This Home

Offering a 1/6 deeded ownership interest (Tenants in Common) in this exceptional Lake LBJ waterfront residence. List price reflects the purchase price of one fractional ownership share only, approximately $350,000, and does not represent ownership of the entire property. Cash purchase required. Financing for fractional ownership is generally limited.

Enjoy approximately eight weeks of exclusive annual use through a professionally managed rotating reservation schedule. Ownership includes a deeded 1/6 undivided interest in this beautifully appointed waterfront home, designed for effortless enjoyment and low-maintenance ownership.

Located in the desirable Shady Acres community, this stunning single-story residence offers approximately 205 feet of protected channel frontage with quick access to open water. The thoughtfully designed floor plan features expansive open living spaces, a chef’s kitchen with a propane range, dual dishwashers, and a separate baker’s kitchen, making it ideal for entertaining. The spacious primary suite includes a fireplace, dual vanities, a clawfoot soaking tub, separate walk-in shower, oversized walk-in closet, and direct access to the resort-style pool. A detached guest casita with a living area, kitchenette, bedroom, and full bath provides additional privacy for family and guests.

Outdoor amenities include a resort-style pool with waterfall, multiple fire pit seating areas, covered patio, hydraulic boat slip with automated enclosure, two jet ski lifts, and beautifully landscaped grounds designed to maximize lake living.

Ownership is professionally supported by a concierge and property management team, providing a true lock-and-leave lifestyle. Contact listing agent for complete ownership details, operating expenses, reservation schedule, and fractional ownership information.

Listing Agent

Kasey Mercurio

MCM Land Company LLC Brokerage Phone: (512) 705-2504 License #0776621 Listed on: 05/22/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 26,136 Sq Ft Lot
  • Home fronts a canal
  • Private Entrance
  • Native Plants
  • Level Lot
  • Front and Back Yard Sprinklers
  • Wooded Lot
  • Few Trees
  • Back Yard Fenced and Front Yard

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Parking Accessed On Kitchen Level
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Lake
  • Canal
  • Neighborhood

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Stone Siding

Interior Spaces

  • 4,143 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Tile Flooring

Kitchen

  • Double Oven
  • Built-In Gas Oven
  • Propane Cooktop
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Freestanding Bathtub
  • Soaking Tub

Laundry

  • ENERGY STAR Qualified Dryer
  • ENERGY STAR Qualified Washer

Pool

  • Pool House
  • In Ground Pool
  • Waterfall Pool Feature

Outdoor Features

  • Boat Lift
  • Private Dock
  • Patio
  • Waterfall on Lot
  • Rear Porch

Schools

  • Marble Falls Elementary And Middle School
  • Marble Falls High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Propane
  • Aerobic Septic System
  • Septic Tank

Community Details

  • Association fees include common area maintenance
  • Shady Acres Poa
  • Shady Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 38471

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0.6 Acres

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: See Remarks
  • Year Built: 1970
  • Additional Parcels: No
  • Directions: In Marble Falls, Head North on Highway 281 Turn Left onto RM 1431 W/10th St Turn Left onto Post Oak Rd Turn Right onto Willow Rd Turn Left onto Oleander Dr You will arrive at 311 Oleander Dr on your left hand side
  • Disclosures: See Remarks, Other Disclosures, Seller Disclosure, Seller Provided Survey Available
  • Fencing: Back Yard, Fenced, Full, Gate, Wood, Wrought Iron
  • Fireplaces: 1
  • Garage Spaces: 2
  • Levels: One
  • Living Area: 4143
  • Other Structures: Garage(s), Pool House
  • Special Listing Conditions: See Remarks
  • Attribution Contact: (512) 705-2504
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 24527.23
  • FEMA Flood Plain: See Remarks
  • Current Price Lot Size Squ: 84.14
  • Current Price By Living Ar: 530.77
  • Current Price By Original : 0.88
  • List Price Lot Size Square: 84.14
  • List Price By Living Area: 530.77
  • List Price By Original Lis: 0.88
  • Restrictions: Deed Restrictions
  • Tax Exemptions: None
  • ACT_HomeOfficeYN: 0
  • Special Features: None

Interior Features

  • View: Canal, Lake, Neighborhood, Water
  • Flooring: Tile
  • Appliances: Built-In Gas Oven, Dishwasher, Disposal, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Microwave, Double Oven, Propane Cooktop, Refrigerator
  • Main Level Bedrooms: 3
  • Property Condition: Resale
  • Laundry Location: See Remarks,Laundry Room,Main Level

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Boat Dock - Private, Boat Lift, Exterior Steps, Private Entrance, Private Yard
  • Foundation: Slab
  • Patio And Porch Features: Patio, Rear Porch, Side Porch
  • Pool Features: In Ground, Outdoor Pool, Waterfall
  • Private Pool: Yes
  • Water Body Name: Lake LBJ
  • Waterfront Features: Canal Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Detached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Paved, Private
  • Total Parking Spaces: 7

Utilities

  • Sewer: Aerobic Septic, Septic Tank
  • Utilities: Electricity Connected, Propane, Underground Utilities, Water Connected
  • Heating: Central
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air

Condo/Co-op/Association

  • HOA Fee Includes: Common Area Maintenance
  • Association Fee Frequency: Annually
  • Association Fee: 200

Association/Amenities

  • Association Name: Shady Acres POA
  • Association: Yes
  • Community Features: See Remarks

Schools

  • Elementary School: Marble Falls
  • High School: Marble Falls
  • Middle/Junior School: Marble Falls
  • Junior High Dist: Marble Falls ISD

Lot Info

  • Lot Features: Back Yard, Few Trees, Front Yard, Level, Native Plants, Private, Sprinklers In Rear, Sprinklers In Front, Trees-Medium (20 Ft - 40 Ft), Waterfall
  • Parcel Number: 38471
  • Lot Size Acres: 0.6
  • Lot Size Sq Ft: 26136
  • Subdivision Name: Shady Acres

Building Info

  • Construction Materials: See Remarks, Brick, Stone
  • New Construction: No

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 363198.75
  • Tax Filled Sqft Total: 4143

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/22/2026 07/22/26 Price Changed $2,199,000 -4.3% $531 / Sq Ft
07/01/2026 07/01/26 Price Changed $2,299,000 -4.2% $555 / Sq Ft
06/12/2026 06/12/26 Price Changed $2,399,000 -4.0% $579 / Sq Ft
05/22/2026 05/22/26 For Sale $2,499,000 -- $603 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 7902186

Unlock MLS (Austin Board of REALTORS®)

APN: 38471

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