This home is no longer an active listing on the MLS. It may have sold, been withdrawn, or had its listing expire — we don’t have confirmed sold data, so we won’t guess. The price below is the last listed price, kept for reference only.
311 Oleander DR, Marble Falls TX 78654
MLS #242518249 · MCM Land Company LLC · Kasey Mercurio
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.
Property details
- Property type
- Residential
- Status
- Active
- Year built
- 1970
- Full baths
- 2
- Half baths
- 1
- Lot size
- 0.6
- Subdivision
- Shady Acres
- MLS area
- BU
- MLS #
- 242518249
Features
Exterior features
- Boat Dock - Private
- Boat Lift
- Exterior Steps
- Private Entrance
- Private Yard
Additional details
- Parking
- Detached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Paved, Private
- Garage spaces
- 2
- Foundation
- Slab
- HOA
- $200 / annually
- Annual tax
- $363,198
Location
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Schools
Assigned schools per the MLS.
- School district
- Marble Falls ISD
- Elementary
- Marble Falls
- Middle
- Marble Falls
- High
- Marble Falls
Market insights
Compared with 301 active homes in ZIP 78654 · HomeLocating listings
At $2,199,000, this home is priced 359% above the $478,999 median across 301 active homes in ZIP 78654.
Estimated monthly payment
Home price
$2,199,000
Down payment
20% ($439,800)
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 MCM Land Company LLC · Kasey Mercurio
Listing data last updated Aug 31, 2026, 1:16 PM
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