311 Oleander Dr Marble Falls, TX 78654
Highland Haven AreaEstimated payment $14,279/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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®)
MLS Number: 7902186
APN: 38471
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Ask me questions while you tour the home.