$2,200,000

Property Description

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.

Property Facts & Features

Property Type

Single Family

Status

Active

Listed

Jun 3, 2026

Price per Sq Ft

$424/sqft

ZIP Code

78654

Full Baths

4

Half Baths

3

Heating

Central, Ductless

Cooling

Central Air, Mini Split Unit(S)

Property Tax (2026)

$17,483/yr

Assessed Value

$960,482

County

Burnet

School District

Marble Falls Independent School District

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 30.57002 · Lng -98.27030