Date
Details
Price
Change
Source
2/26/2026
Listed
$2,825,000
—
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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$2,825,000 Just Listed
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Property Description
Villa La Vita e' Bella - Gated Waterfront Escape on 5 Acres with Ag Exemption Welcome to House of the Good Life, a rare, private gated waterfront estate where 318 feet of shoreline, panoramic water views, and unforgettable sunsets create an extraordinary setting for refined living and effortless entertaining, all complemented by a remarkably low 1.3233% agricultural exempt tax rate. Set on 5 pristine, park-like acres within an exclusive gated community, this Mediterranean-inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities. Ideally positioned for both seclusion and convenience, with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms, featuring three fireplaces, expansive living areas, and seamless indoor-outdoor flow. A chef's kitchen anchors the home, opening to generous gathering spaces designed for entertaining on any scale. Walls of windows capture breathtaking lake and landscape vistas, while a brand-new 2025 roof adds lasting peace of mind. Outdoors, the covered patio invites year-round enjoyment, from tranquil Hill Country mornings to sunset evenings, enhanced by an impressive 18-ft, 2,000-gallon swim spa. Complementing the main home, a charming 2-bedroom guest house includes a temperature-controlled wine room and a versatile bonus space currently serving as an art studio - ideal for creative pursuits, a gym, or private office. An additional powered workshop supports hobbies, projects, or storage. Designed for both recreation and functionality, the grounds feature dual water sources, EV connection, RV hookup, and a private air-conditioned boathouse with boat lift and jet ski ramp. With expansive acreage, significant waterfront, and ag-exempt status supported by grazing Longhorns, this one-of-a-kind estate invites you to live beautifully and experience the good life.
Full Property Details
Full Property Details for 481 Chimney Cove Dr
General
- Price: $2,825,000
- HOA FEE: $63/month
- HOA FEE FREQ.: Annually
- Taxes: $16,605 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 4878913
- Updated: Today (2/26/2026)
- Added to Site: Today
Interior
- Interior Features: Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Kitchen Island, Main Level Primary, No Interior Steps, Pantry, Sound System, Storage, Bar, Walk-In Closet(s), Wired for Sound
- Fireplace: Yes
- Number of Fireplaces: 3
- Fireplace(s): Den, Family Room, Gas, Primary Bedroom, Stone, Wood Burning
- Appliances: Built-In Gas Range, Built-In Oven, Built-In Refrigerator, Dryer, Dishwasher, Disposal, Microwave, Water Purifier Owned, Range Hood, Wine Refrigerator
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main: 5
Other Rooms
- Laundry: Laundry Room, Washer Hookup
Additional Information
- Shared Amenities: Gated
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Pool/Spa Combo
- Security/Safety: See Remarks
Exterior
- Exterior Features: Boat Lift, Covered Courtyard, Dock, Exterior Steps, Lighting, Outdoor Grill, Private Entrance, RV Hookup
- Porch/Patio/Deck: Rear Porch, Covered
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Total Spaces: 5
- Parking Features: Additional Parking, Attached, Boat, Driveway, Electric Gate, Garage, Garage Door Opener, RV Access/Parking, Secured
Location
- Area: LN
- County: Burnet
- Subdivision: Chimney Cove Estates
- Driving 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.
- Direction Faces: Northwest
School Information
- Elem School District: Marble Falls ISD
- Midd School District: Marble Falls ISD
- High School District: Marble Falls ISD
- Elementary School: Colt
- Middle School: Marble Falls
- High School: Marble Falls
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: Chimney Cove Estates
- Assoc. Fees Include: Common Area Maintenance, See Remarks
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: See Remarks
- Utility Description: Electricity Connected, Propane, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Stone
- Roof: Tile
- Windows: Blinds, Plantation Shutters
- Stories/Levels: 1
- Square Feet: 5,611
- Sq. Ft. Source: Owner
- Living Area: 5,611 Sq. Ft.
- Year Built: 2007
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: Boat House, Guest House, Guest HouseAttached, Outbuilding, RV/Boat Storage
Lot Features
- Property View: Hills, Lake, Panoramic, Water
- Lot Size (Acres): 5.002
- Lot Size (Sq. Ft.): 217,887.12
- Fence: Yes
- Lot Features: Agricultural, Back Yard, Cleared, Landscaped, Level, Views
- Fencing (Description): Fenced
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake Travis
- Water Front Desc.: Waterfront, Boat Ramp/Lift Access
Financial Considerations
- Association Fee: $750
- Assoc Fee Freq.: Annually
- Assessment Amount: $1,254,826
- Tax Amount: $16,605.11
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Aerial, Deed Restriction, Survey
- Legal Description: S3656 CHIMNEY COVE ESTATES LOT 13 5.002
- Disclosures/Reports: Seller Disclosure
- Property ID: 9652
- Lot Number: 13
Listed by Kuper Sotheby's Int'l Realty
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Listing agent
— 481 Chimney Cove Dr —
Kuper Sotheby's Int'l Realty
(512) 608-5363
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 481 Chimney Cove Dr
School District:Marble Falls Independent School District
| Name | Grades | Distance |
|---|---|---|
Colt Elementary School 2200 Manzano Mile, Marble Falls, TX 78654 | PK-5 | 7.6 mi |
Marble Falls Middle School 1511 Pony Drive, Marble Falls, TX 78654 | 6-8 | 9 mi |
Marble Falls High School 2101 Mustang Drive, Marble Falls, TX 78654 | 9-12 | 7.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 481 Chimney Cove Dr
Tax History
Tax History for 481 Chimney Cove Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,407
-47%
$1,574,720
8%
2024
$13,955
89%
$1,460,669
8%
2023
$7,400
-34%
$1,356,986
-14%
2022
$11,132
—
$1,581,810
21%
2021
$11,179
—
$1,306,378
62%
2020
$11,209
-2%
$807,687
14%
2019
$11,435
-8%
$708,503
—
2018
$12,380
—
$708,503
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 481 Chimney Cove Dr
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- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 5Total Baths
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481 Chimney Cove Drive, Marble Falls, TX 78654 (MLS# 4878913) is a Single Family property with 5 bedrooms, 4 full bathrooms and 1 partial bathroom. 481 Chimney Cove Drive is currently listed for $2,825,000 and was received on February 26, 2026. Want to learn more about 481 Chimney Cove 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.