About this home

Perched above Lake Marble Falls in a quiet, laid-back area of town, this rare 1.67-acre dual-lot property offers the perfect blend of relaxed lake living and unmatched versatility for entrepreneurs, investors, and outdoor enthusiasts. This unique, in-town opportunity features 3 different structures for future flexibility. The main home, with quaint 1950s charm, features 4 bedrooms, 3.5 baths, two spacious living areas, and outdoor spaces with panoramic lake and Hill Country views. Primary and secondary bedroom suites are located on the main floor, while the lower level includes two additional bedrooms and a game room. Near the main home, a modern two-story structure could act as a guest home with an upstairs apartment and deck with incredible views. Downstairs is a converted garage bunkroom with a kitchenette and bath, offering flexible accommodations for guests, extended stays, or short-term rentals. Adjacent to the main house, the third structure spans approximately 3000 SF with 2100 SF of fully insulated and heated/cooled garage, including a half bath and large spaces for equipment storage or all the hobby areas you need! This building adds extraordinary functionality rarely found on the lake and in town. It is ready to be a workshop, office, exercise room, additional parking, etc. A golf cart path winds down to a private single-slip boat dock with a party deck and storehouse, creating effortless access to days on the water. Enjoy the structures as they stand, or plan your own custom build. All this plus convenience to shopping, restaurants, and necessities in Marble Falls. Less than half a mile to Bluebonnet Cafe, a half mile to Main Street and live music at Old Oak Square, and only 1.3 miles from HEB. City utilities. Short-term rentals are allowed with registration with the City. Nothing like it elsewhere on the lake at this price point. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.

Property details

Property type

Residential · SingleFamilyResidence

Status

Active

Year built

1950

Full baths

5

Half baths

3

Lot size

1.67

Subdivision

Rippy-Baker Sub

MLS area

BU

MLS #

242649496

Features

Additional details

Parking

Additional Parking, Attached, Garage, RV Access/Parking, Workshop in Garage

Garage spaces

7

Roof

Membrane, Metal

Foundation

Slab

Annual tax

$25,425

Schools

Assigned schools per the MLS.

School district

Marble Falls ISD

Elementary

Colt

Middle

Marble Falls

High

Marble Falls

See Marble Falls ISD schools & boundaries →

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Getting around

Downtown Austin

37.7 mi

Austin-Bergstrom Airport

44.2 mi

Straight-line distance, not drive time.

Market insights

Compared with 297 active homes in ZIP 78654 · HomeLocating listings

At $2,200,000, this home is priced 359% above the $478,999 median across 297 active homes in ZIP 78654.

See this home in person