401 Crestview DR, Marble Falls, TX 78654

• 5 beds |
• 8 baths |
• 5,184 sqft

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. 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.

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 7:17AM

Listing Office:

Moreland Properties : (512) 480-0848

Listing Agent:

Elsa Decker : (512) 771-6831

MLS ID:

4283530

Interior

• General: Primary Bedroom on MainRecessed LightingSoaking TubWalk-In Closet(s)
• Appliances: Built-In Oven(s)DishwasherGas CooktopMicrowaveRNGHDRefrigeratorStainless Steel Appliance(s)
• Laundry: Laundry RoomMultiple Locations
• Flooring: ConcreteTileWood
• A/C: Central Air
• Heating: Central
• Fireplace: BathLiving RoomFireplaces: 2
• Eco/Green Feature: NoneNone

Exterior

• General: Boat Dock - PrivateBoat LiftBoat SlipPrivate Yard
• Other Structures: Guest HouseWorkshopPorchDeckCovered
• Pool: None
• Parking: Additional ParkingAttachedGarageRV Access/ParkingWorkshop in GarageParking spaces: 10

Construction

• Roofing: MembraneMetal
• Windows: Window Treatments
• General: TwoSlab

Location

• HOA Amenities: None
• Originating MLS: actris
• School District: Marble Falls ISD
• County: Burnet

Lot

• Zoning: S7295 RIPPY-BAKER SUB LOT 1C63945
• View: LakeTrees/WoodsWater
• Fencing: None

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris