3721 Lakeview DR, Cottonwood Shores TX 78657
MLS #242284097 · LPT Realty, LLC · Rachel Windley
About this home
Rare opportunity to own Lake Marble Falls waterfront on approximately 1.5 acres with ~100 feet of constant-level shoreline and no HOA. Currently operating as a newer short-term rental, the property has generated approximately $40,000 in gross rental income over the past six months. Turnkey opportunity! This beautifully maintained single-story home features stunning lake views from every room, an updated kitchen, open-concept living, dedicated waterfront office, and expansive deck perfect for enjoying spectacular sunsets and morning coffee. Mature pecan trees, privacy fencing, greenhouse, detached powered workshop, storage building, and full RV hookup provide remarkable flexibility for lake living, entertaining, hobbies, or future expansion. Just minutes from Horseshoe Bay, Marble Falls shopping, dining, and area attractions, with easy access to Austin. Seller financing available with competitive terms. An exceptional combination of waterfront living, acreage, privacy, and investment potential!
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1982
- Full baths
- 2
- Half baths
- 1
- Lot size
- 1.5
- Subdivision
- Highland Lakes Acres
- MLS area
- BU
- MLS #
- 242284097
Features
Interior features
- Ceiling Fan(s)
- High Ceilings
- Vaulted Ceiling(s)
- Granite Counters
- Double Vanity
- Kitchen Island
- No Interior Steps
- Open Floorplan
- Primary Bedroom on Main
- Study/Home Office
- Walk-In Closet(s)
Exterior features
- Garden
- Private Entrance
- RV Hookup
Additional details
- Parking
- Attached, Detached, Garage, Oversized, RV Access/Parking, Workshop in Garage
- Garage spaces
- 3
- Roof
- Metal
- Foundation
- Slab
- Annual tax
- $11,443
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Marble Falls ISD
- Elementary
- Colt
- Middle
- Marble Falls
- High
- Marble Falls
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Getting around
- Downtown Austin
- 39.9 mi
- Austin-Bergstrom Airport
- 46.3 mi
Straight-line distance, not drive time.
Market insights
Compared with 303 active homes in ZIP 78657 · HomeLocating listings
At $995,000, this home is priced 31% above the $759,000 median across 303 active homes in ZIP 78657.
Estimated monthly payment
Home price
$995,000
Down payment
20% ($199,000)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of LPT Realty, LLC · Rachel Windley
Listing data last updated Oct 2, 2026, 11:46 PM
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