Date
Details
Price
Change
Source
5/22/2026
Listed
$2,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Where lake life meets quiet opulence, Oleander is not just a home.... It's a private waterfront estate that rewrites the standard for Shady Acres. Set on an extraordinary 205 feet of channel frontage, this single-story retreat stretches out with intention and confidence. Inside, an expansive living room opens to walls of windows that frame the water like living art. It's the kind of space that doesn't just host people.... it gathers them. The kitchen is built for serious culinary firepower: a chef's propane range, dual dishwashers, and the kind of flow that keeps everything seamless when entertaining. Tucked behind it, a fully equipped baker's kitchen adds a second layer of function with additional appliances, storage, and prep space. The primary suite is its own sanctuary. Fireplace lit, doors open to the pool, and a bathroom that leans into luxury with a clawfoot tub, walk-in shower, dual vanities, and seated make-up area. Even the closet complete with washer and dryer hook-ups that keep life effortlessly contained. Step outside and the tone shifts from refined to resort. An oversized 12-foot-deep pool with a waterfall becomes the centerpiece, framed by swaying palms and a rare sandy lounge area. Two firepits anchor the massive patio, from there, the property flows down to the water and is designed to be experienced, not just admired. The pool house delivers the lifestyle with its own bedroom, living space, kitchenette, and full bath. A detached two-car garage with three additional storage rooms handles everything behind the scenes. At the shoreline, a covered hydraulic boat slip with a fully automated enclosure and 2 jet ski lifts makes getting on the water effortlessly. Every inch of this 4183 sq ft estate has been curated with intention-from the fountain-lined front approach to the lush, high-end landscaping that wraps the entire property in color and texture. This isn't a "nice home" in the neighborhood. This is the one everything else is compared to.
Full Property Details
Full Property Details for 311 Oleander Dr
General
- Price: $2,499,000
- HOA FEE: $17/month
- HOA FEE FREQ.: Annually
- Taxes: $363,198 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 7902186
- Updated: 5/23/2026
- Added to Site: 3 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Built-In Gas Oven, Double Oven, Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Disposal, Microwave, Propane Cooktop, Refrigerator, Washer
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 3
Other Rooms
- Laundry: Main Level, Laundry Room, See Remarks
Additional Information
- Shared Amenities: See Remarks
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Outdoor Pool, Waterfall
Exterior
- Exterior Features: Boat Lift, Dock, Exterior Steps, Private Entrance, Private Yard
- Porch/Patio/Deck: Rear Porch, Patio, Side Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 7
- Parking Features: Driveway, Detached, Garage Faces Front, Garage, Garage Door Opener, Kitchen Level, Paved, Private
Location
- Area: BU
- County: Burnet
- Subdivision: Shady Acres
- Driving 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
School Information
- Elem School District: Marble Falls ISD
- Midd School District: Marble Falls ISD
- High School District: Marble Falls ISD
- Elementary School: Marble Falls
- Middle School: Marble Falls
- High School: Marble Falls
Community
- Association: Yes
- Assoc. Name: Shady Acres POA
- Assoc. Fees Include: Common Area Maintenance
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Aerobic Septic, Septic Tank
- Water: Public
- Utility Description: Electricity Connected, Propane, Underground Utilities, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Stone, See Remarks
- Stories/Levels: 1
- Square Feet: 4,143
- Sq. Ft. Source: Public Records
- Living Area: 4,143 Sq. Ft.
- Year Built: 1970
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Garage(s), Guest House, Pool House
Lot Features
- Property View: Canal, Lake, Neighborhood, Water
- Lot Size (Acres): 0.6
- Lot Size (Sq. Ft.): 26,136
- Fence: Yes
- Lot Features: Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Level, Native Plants, Private, Sprinklers In Ground, Few Trees, Trees Medium Size, Waterfall
- Fencing (Description): Back Yard, Fenced, Full, Gate, Wood, Wrought Iron
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake LBJ
- Water Front Desc.: Canal Front, Waterfront, Boat Ramp/Lift Access
Financial Considerations
- Association Fee: $200
- Assoc Fee Freq.: Annually
- Assessment Amount: $28,750,000
- Tax Amount: $363,198.75
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Special Conditions: See Remarks
- Documents Avail.: Aerial, Cost Estimates, Legal Documents, Septic Certification, See Remarks, Survey
- Legal Description: S7530 SHADY ACRES LOT 142 THRU 145, SEC 2 & .06 AC JOHN HARVEY
- Disclosures/Reports: Other, Seller Disclosure, See Remarks
- Property ID: 38471
- Lot Number: 142
Listed by MCM Land Company LLC
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— 311 Oleander Dr —
MCM Land Company LLC
(512) 705-2504
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Schools
Schools serving 311 Oleander Dr
School District:Marble Falls Independent School District
| Name | Grades | Distance |
|---|---|---|
Highland Lakes Elementary School 8200 Ranch to Market 1431, Granite Shoals, TX 78654 | PK-5 | 1.2 mi |
Marble Falls Middle School 1511 Pony Drive, Marble Falls, TX 78654 | 6-8 | 7 mi |
Marble Falls High School 2101 Mustang Drive, Marble Falls, TX 78654 | 9-12 | 8.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 311 Oleander Dr
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
Listed by Nattlie Hoover Real Estate Group (512) 790-1033
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- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 2Total Baths
Listed by Nattlie Hoover Real Estate Group (512) 790-1033
- Single Family
- Active
- Updated 15 hours ago
- 5Beds
- 5Total Baths
311 Oleander Drive, Marble Falls, TX 78654 (MLS# 7902186) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 311 Oleander Drive is currently listed for $2,499,000 and was received on May 22, 2026. Want to learn more about 311 Oleander Drive? Do you have questions about finding other Single Family real estate for sale in Marble Falls? You can browse all Marble Falls real estate or contact a Coldwell Banker agent to request more information.