481 Chimney Cove Drive, Marble Falls, TX 78654

• 5 beds |
• 5 baths |
• 5,611 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

October 13, 2026 at 4:24PM

Listing Office:

Keller Williams - Lake Travis : 512-263-9090

Listing Agent:

Lesli Akers :

Contact:

512-584-6264

MLS ID:

21337310

Interior

• General: Built-in FeaturesDecorative/Designer Lighting FixturesDouble VanityEat-in KitchenGranite CountersHigh Speed InternetKitchen IslandPantryVaulted Ceiling(s)Walk-In Closet(s)
• Appliances: Built-In RefrigeratorDouble OvenDishwasherDisposalGas RangeIce MakerMicrowaveWarming Drawer
• Laundry: Washer HookupDryer Hookup
• Flooring: TileWood
• A/C: Central AirCeiling Fan(s)
• Heating: CentralFireplace(s)
• Fireplace: BedroomDenFamily RoomGasLiving RoomPrimary BedroomStoneWood BurningFireplaceFireplaces: 3
• Disability Feature: Accessible Hallway(s)

Exterior

• General: Boat SlipLightingOutdoor Living AreaPrivate EntrancePrivate YardRain GuttersGuest HouseRV/Boat StorageSee Remarks
• Style: Detached
• Other Structures: Guest HouseRV/Boat StorageSee Remarks
• Pool: PoolPool/Spa Combo
• Parking: Circular DrivewayDrivewayElectric GateEnclosedGarage Faces FrontGarageGarage Door OpenerInside EntranceSecuredStorageBoatRV Access/Parking

Construction

• Roofing: Tile
• Windows: Window Coverings
• General: RockStone1Slab

Location

• HOA Amenities: Association ManagementMaintenance Grounds750.0Annually
• Originating MLS: NTR
• School District: Marble Falls ISD
• County: Burnet

Lot

• Zoning: S3656 CHIMNEY COVE ESTATES LOT 13 5.002000000009652
• View: WaterView
• Fencing: StoneWrought Iron

Utilities

• Utilities: Electricity ConnectedSewer AvailableUnderground Utilities

Financial

• Source: NTR