481 Chimney Cove Drive
Marble Falls, TX 78654
Listing courtesy of Lesli Akers, Keller Williams - Lake Travis
About this home
Welcome to the HOUSE OF THE GOOD LIFE, Villa La Vita e’ Bella! Estate Gated Escape on 5 Acres (with 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 ft 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.
Schools
- Elementary
- Colt
- Middle
- Marblefall
- High
- Marblefall
School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.
Property details
- MLS #
- 21337310
- Property Type
- Residential
- Status
- For Sale
- County
- Burnet
- Subdivision
- Chimney Cove Estates
- Lot Size
- 5.00 acres
- Garage
- 4-car
- HOA Dues
- $750/yr
- Annual Taxes
- $30,969
- Days on Market
- 16 days
- Listed
- Jul 21, 2026
- Price per Sqft
- $477
Estimate your monthly payment
Estimate only, not a loan offer. Taxes, insurance, and HOA are approximate.
- Principal & interest
- $14,237
- Property taxes
- $2,581
- Homeowner's insurance (est.)
- $780
- HOA dues
- $63
Based on a 30-year fixed loan. For an accurate quote, call or text us at (817) 674-0754 and we'll connect you with a trusted local lender.
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Listing courtesy of Lesli Akers, Keller Williams - Lake Travis
Listing courtesy of Charlie Huggins, Mallach and Company