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481 Chimney Cove Dr

Marble Falls, TX 78654
  • $2,825,000
  • STATUS: Active
  • ID#: 4878913
UPDATED: 240 min ago
$2,825,000
  • 5
    BEDS
  • 5
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 5,611
    SQFT
  • $503
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2007
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Property listed by Kimberly Christman of Kuper Sotheby's Int'l Realty: (512) 608-5363.

Description

Villa La Vita e’ Bella – Gated Waterfront Escape on 5 Acres with Ag Exemption Welcome to House of the Good Life, a rare, private gated waterfront estate where 318 feet of shoreline, panoramic water views, and unforgettable sunsets create an extraordinary setting for refined living and effortless entertaining, all complemented by a remarkably low 1.3233% agricultural exempt tax rate. Set on 5 pristine, park-like acres within an exclusive gated community, this Mediterranean-inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities. Ideally positioned for both seclusion and convenience, with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms, featuring three 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 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. With expansive acreage, significant waterfront, and ag-exempt status supported by grazing Longhorns, this one-of-a-kind estate invites you to live beautifully and experience the good life.

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© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-03-15T00:00:23.143.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2026-03-15T00:00:23.143 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
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481 Chimney Cove Dr Marble Falls, TX 78654

  • Price: $2,825,000
  • Status: Active
  • On Site: Days
  • Updated: 240 min ago
  • ID#: 4878913
5
Beds
4
Baths
1
½ Baths
5
Acres
5,611
SQFT
$503
$/SQFT
2007
Built
Neighborhood:
Chimney Cove Estates
County:
Burnet
Area:
Marble Falls
Elementary School:
Colt
Middle School:
Marble Falls
High School:
Marble Falls
School District:
Marble Falls ISD
Property Description
Villa La Vita e’ Bella – Gated Waterfront Escape on 5 Acres with Ag Exemption Welcome to House of the Good Life, a rare, private gated waterfront estate where 318 feet of shoreline, panoramic water views, and unforgettable sunsets create an extraordinary setting for refined living and effortless entertaining, all complemented by a remarkably low 1.3233% agricultural exempt tax rate. Set on 5 pristine, park-like acres within an exclusive gated community, this Mediterranean-inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities. Ideally positioned for both seclusion and convenience, with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms, featuring three 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 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. With expansive acreage, significant waterfront, and ag-exempt status supported by grazing Longhorns, this one-of-a-kind estate invites you to live beautifully and experience the good life.
Exterior Features

Attached Garage YN Yes Covered Spaces 3 Direction Faces NW Exterior Features Boat Dock - PrivateBoat LiftCCTYDExterior StepsLightingOutdoor GrillPrivate EntranceRV Hookup Fencing Fenced Foundation Details Slab Garage YN Yes Levels One Lot Features AgriculturalBack YardClearedLandscapedLevelViews Other Structures Boat HouseGuest HouseOutbuildingRV/Boat Storage Parking Features Additional ParkingAttachedBoatDrivewayElectric GateGarage Door OpenerRV Access/ParkingSecured Patio And Porch Features CoveredRear Porch Roof Tile View Hill CountryLakePanoramicWater Water Body Name Lake Travis Waterfront Features Waterfront Waterfront YN Yes

Interior Features

Appliances Built-In Gas RangeBuilt-In Oven(s)Built-In RefrigeratorDishwasherDisposalDryerMicrowaveRNGHDWater Purifier OwnedWine Refrigerator Cooling Ceiling Fan(s)Central Air Fireplace Features DenFamily RoomGasPrimary BedroomStoneWood Burning Fireplaces Total 3 Flooring TileWood Heating Central Interior Features BarBookcasesBuilt-in FeaturesCeiling Fan(s)Double VanityKitchen IslandNo Interior StepsPantryPrimary Bedroom on MainSound SystemStorageWalk-In Closet(s)Washer Hookup Laundry Location Laundry Room Main Level Bedrooms 5 Num Dining 2 Num Living 2 Window Features BlindsPlantation Shutters

Property Features

Accessibility Features None Additional Parcels YN No Association Fee 750 Association Fee Frequency Annually Association Fee Includes See RemarksCommon Area Maintenance Association YN Yes Community Features Gated Estimated Taxes 30085 Fema Flood Plain Partial Horse YN No Listing Terms CashConventionalVA Loan New Construction YN No Pool Features In GroundPool/Spa Combo Pool Private YN Yes Property Condition Resale Property Sub Type Single Family Residence Sewer Septic Tank Special Listing Conditions Standard Tax Annual Amount 16605.11 Utilities Electricity ConnectedPropaneSewer ConnectedWater Connected Water Source See Remarks



© 2026 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-03-15T00:00:23.143.

MLS Grid  logoBased on information submitted to the MLS GRID as of 2026-03-15T00:00:23.143 (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for MLS GRID DMCA Notice
 
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Ben Kinney Real Estate Team
1801 S MoPac Expy, #100
Austin TX, 78746
Property listed by Kimberly Christman of Kuper Sotheby's Int'l Realty: (512) 608-5363.