$2,875,000

481 Chimney Cove Dr Marble Falls, TX 78654

Estimated payment $17,211/month

Total Views 2,562
5 Beds
4.5 Baths
4,550 Sq Ft
$632 Price per Sq Ft

Highlights

  • Boathouse
  • Parking available for a boat
  • Boat Lift
  • Water Views
  • Guest House
  • In Ground Pool

About This Home

Villa La Vita E’ Bella – A Mediterranean Retreat.
Welcome to House of Good Life—a private, gated lakefront sanctuary where 318 feet of shoreline, stunning water views, and unforgettable sunsets set the scene for everyday living and effortless entertaining. Situated on 5 pristine park-like acres in an exclusive gated community, this Mediterranean-style estate offers a unique blend of luxury, privacy, and lifestyle amenities that are truly one-of-a-kind. Conveniently located with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park and Leander.
The 4,550 sq ft main home showcases timeless design with three fireplaces, generous living spaces, and a seamless connection to the outdoors. A chef’s kitchen opens to expansive gathering areas, perfect for hosting inside and out. Step onto the patio to enjoy hill country breezes or take a soak in the 18’, 2,000-gallon swim spa. Inside, large windows frame picture-perfect views, while a brand-new roof (2025) ensures peace of mind.
In addition to the main house, this property also features additional square footage with a detached 571 sq ft guest house with a temperature-controlled wine cellar, 2 bedrooms and 1 bath—ideal for visitors or creative use. An approximately 500 sq ft art studio/storage space offers even more flexibility, and the powered shop makes hobbies or projects a breeze. Boaters will appreciate the private boathouse with a/c, plus there is even an RV or EV hookup and dual water systems (rainwater & lake water) for convenience and sustainability. Horses allowed!
Whether you're hosting lakeside gatherings, seeking a quiet artist’s retreat, or building a multi-generational haven, this is a property that delivers lifestyle without compromise.
Schedule your private tour today!

Listing Agent

Kim Christman

Kuper Sotheby's Int'l Realty Brokerage Phone: (512) 608-5363 License #0654189 Listed on: 05/15/2025

Kuper Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,683

Year Built

  • Built in 2007

Lot Details

  • 5 Acre Lot
  • Waterfront
  • Northwest Facing Home
  • Private Entrance
  • Fenced
  • Landscaped
  • Level Lot
  • Cleared Lot
  • Back Yard

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Electric Gate
  • Secured Garage or Parking
  • Additional Parking
  • Parking available for a boat
  • RV Access or Parking

Property Views

  • Water
  • Panoramic
  • Hills

Home Design

  • Slab Foundation
  • Tile Roof
  • Stone Siding

Interior Spaces

  • 4,550 Sq Ft Home
  • 1-Story Property
  • Sound System
  • Built-In Features
  • Bookcases
  • Bar
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Gas Fireplace
  • Plantation Shutters
  • Blinds
  • Family Room with Fireplace
  • 3 Fireplaces
  • Dining Room
  • Den with Fireplace
  • Storage
  • Dryer

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Built-In Oven
  • Built-In Gas Range
  • Range Hood
  • Microwave
  • Built-In Refrigerator
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Separate Shower

Outdoor Features

  • In Ground Pool
  • Boat Lift
  • Boathouse
  • Covered patio or porch
  • Exterior Lighting
  • Outbuilding
  • Outdoor Grill

Schools

  • Colt Elementary School
  • Marble Falls Middle School
  • Marble Falls High School

Utilities

  • Central Heating and Cooling System
  • Propane
  • Well
  • Water Purifier is Owned
  • Septic Tank

Additional Features

  • No Interior Steps
  • Guest House
  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 9652

Community Details

Overview

  • Association fees include common area maintenance
  • Chimney Cove Estates Association
  • Chimney Cove Estates Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,683

Year Built

Built in 2007

Lot Details

0

HOA Fees

$63 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2007
  • Additional Parcels: No
  • Direction Faces: Northwest
  • Directions: From Austin: Take I-35 N, US-183 N, Lakeline Blvd and FM1431/RM 1431 W to Hickory Creek Rd (take left). Follow approximately 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate. From Marble Falls: From US-281 N to 10th St/E Farm to Market 1431 (turn right). Continue for approximately. 10.6 miles to Hickory Creek Rd. (turn right). Follow approx. 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate.
  • Disclosures: Seller Disclosure, Seller Provided Survey Available
  • Fencing: Fenced
  • Fireplaces: 3
  • Garage Spaces: 3
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: One
  • Living Area: 4550
  • Other Structures: Boat House, Guest House, Outbuilding, RV/Boat Storage
  • Special Listing Conditions: Standard
  • Attribution Contact: (512) 608-5363
  • ETJ Extra Territorial Jurdn: See Remarks
  • Estimated Taxes: 30085.00
  • FEMA Flood Plain: Partial
  • Restrictions: Deed Restrictions
  • Tax Exemptions: Agricultural
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bar, Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Kitchen Island, No Interior Steps, Pantry, Primary Bedroom on Main, Sound System, Storage, Walk-In Closet(s)
  • View: Hill Country, Panoramic, Water
  • Flooring: Tile, Wood
  • Fireplace Features: Den, Family Room, Gas, Primary Bedroom, Stone, Wood Burning
  • Accessibility Features: None
  • Appliances: Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Dryer, Microwave, RNGHD, Water Purifier Owned, Wine Refrigerator
  • Main Level Bedrooms: 5
  • Property Condition: Resale
  • Security Features: See Remarks
  • Window Features: Blinds, Plantation Shutters
  • Laundry Location: Laundry Room
  • Num Dining: 2
  • Num Living: 2
  • Num Guest Beds: 4

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Boat Lift, CCTYD, Exterior Steps, Lighting, Outdoor Grill, Private Entrance, RV Hookup
  • Roof: Tile
  • Foundation: Slab
  • Patio And Porch Features: Covered, Rear Porch
  • Pool Features: In Ground, Pool/Spa Combo
  • Private Pool: Yes
  • Water Body Name: Lake Travis
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Garage/Parking

  • Total Covered Spaces: 3
  • Parking Features: Additional Parking, Attached, Boat, Driveway, Electric Gate, Garage Door Opener, RV Access/Parking, Secured
  • Total Parking Spaces: 5

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Propane, Sewer Connected, Water Connected
  • Heating: Central
  • Water Source: See Remarks, Well
  • Cooling: Ceiling Fan(s), Central Air

Condo/Co-op/Association

  • HOA Fee Includes: See Remarks, Common Area Maintenance
  • Association Fee Frequency: Annually
  • Association Fee: 750

Association/Amenities

  • Association Name: Chimney Cove Estates
  • Association: Yes
  • Community Features: Gated

Schools

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

Lot Info

  • Lot Features: Agricultural, Back Yard, Cleared, Landscaped, Level, Views
  • Parcel Number: 9652
  • Lot Size Acres: 5.002
  • Lot Size Sq Ft: 217887.12
  • Subdivision Name: Chimney Cove Estates

Building Info

  • Construction Materials: Stone
  • New Construction: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14682.92
  • Tax Map Number: 13
  • Tax Filled Sqft Total: 4550
  • Tax Rate: 1.28710000000000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,407 $1,037,126 $0 $0
2022 $11,132 $942,895 -- --
2021 $14,248 $1,306,378 $55,329 $1,251,049
2020 $13,080 $807,687 $35,337 $772,350
2019 $12,380 $708,503 $37,837 $670,666
2018 $12,589 $708,503 $37,837 $670,666
2017 $11,827 $811,939 $187,575 $624,364
2016 $11,858 $813,691 $187,575 $626,116
2015 -- $828,848 $187,575 $641,273
2014 -- $840,591 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 For Sale $2,875,000 -- $632 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Mortgage History

Date Status Loan Amount Loan Type
Closed $800,000 Credit Line Revolving
Closed $645,100 New Conventional
Closed $685,000 Construction
Source: Public Records

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Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 4527995

Unlock MLS (Austin Board of REALTORS®)

APN: 9652