About this home

Welcome to the HOUSE OF THE GOOD LIFE, "Villa La Vita e’ Bella" ! Estate Gated Escape on 5 Acres (w/Ag Exempt low 1.323% tax rate), this rare sprawling single story custom home sits beautifully in a park like setting and is waterfront on the deeper arm of the Colorado River, boasting 318' of shoreline, panoramic water views, and unforgettable sunsets. The Italy inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities that are hard to find within easy access to Marble Falls, Horseshoe Bay, Spicewood, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms (2 bdrms in main house plus a full casita in addition to the guest house), featuring three masonry 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, 1 bath 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. There are too many features to mention-- it really warrants a personal visit. As the words to a favorite George Strait song says, "THERE'S A DIFFERENCE IN LIVING AND LIVING WELL", come experience the difference today.

Property details

Property type

Residential · SingleFamilyResidence

Status

Active

Year built

2007

Full baths

4

Half baths

1

Lot size

5.002

Subdivision

Chimney Cove Estates

MLS area

LN

MLS #

244528819

Features

Additional details

Parking

Additional Parking, Attached, Boat, Driveway, Electric Gate, Garage Door Opener, RV Access/Parking, Secured

Garage spaces

3

Roof

Tile

Foundation

Slab

HOA

$750 / annually

Annual tax

$16,605

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

29.8 mi

Austin-Bergstrom Airport

36.4 mi

Straight-line distance, not drive time.

Market insights

Compared with 297 active homes in ZIP 78654 · HomeLocating listings

At $2,595,000, this home is priced 442% above the $478,999 median across 297 active homes in ZIP 78654.

See this home in person