481 Chimney Cove DR, Marble Falls, TX 78654

• 5 beds |
• 5 baths |
• 5,611 sqft

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.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 7:19AM

Listing Office:

Kuper Sotheby's Int'l Realty : (512) 261-0008

Listing Agent:

Kimberly Christman : (512) 608-5363

MLS ID:

4878913

Interior

• General: BarBookcasesBuilt-in FeaturesCeiling Fan(s)Double VanityKitchen IslandNo Interior StepsPantryPrimary Bedroom on MainSound SystemStorageWalk-In Closet(s)
• Appliances: Built-In Gas RangeBuilt-In Oven(s)Built-In RefrigeratorDishwasherDisposalDryerMicrowaveRNGHDWater Purifier OwnedWine Refrigerator
• Laundry: Laundry Room
• Flooring: TileWood
• A/C: Ceiling Fan(s)Central Air
• Heating: Central
• Fireplace: DenFamily RoomGasPrimary BedroomStoneWood BurningFireplaces: 3
• Eco/Green Feature: NoneNone

Exterior

• General: Boat Dock - PrivateBoat LiftCCTYDExterior StepsLightingOutdoor GrillPrivate EntranceRV Hookup
• Other Structures: Boat HouseGuest HouseOutbuildingRV/Boat StorageRear PorchCovered
• Pool: In GroundPool/Spa Combo
• Parking: Additional ParkingAttachedBoatDrivewayElectric GateGarage Door OpenerRV Access/ParkingSecuredParking spaces: 5

Construction

• Roofing: Tile
• Windows: BlindsPlantation Shutters
• General: OneSlab

Location

• HOA Amenities: GatedSee RemarksCommon Area Maintenance750.0Annually
• Originating MLS: actris
• School District: Marble Falls ISD
• County: Burnet

Lot

• Zoning: S3656 CHIMNEY COVE ESTATES LOT 13 5.0029652
• View: Hill CountryLakePanoramicWater
• Fencing: Fenced

Utilities

• Utilities: Electricity ConnectedPropaneSewer ConnectedWater Connected
• Water: See Remarks
• Sewer: Septic Tank

Financial

• Source: actris