481 Chimney Cove DR, Marble Falls, TX 78654

• 5 beds |
• 5 baths |
• 5,611 sqft

Property Description

Villa La Vita e' Bella — House of the Good Life Rarely does a property offer this combination of acreage, waterfront, privacy, and lifestyle. Nestled behind the gates of an exclusive waterfront community, this extraordinary estate features 5 acres of park-like grounds, 318 feet of private shoreline, breathtaking sunset views, and an agricultural exemption resulting in a remarkably low 1.3233% tax rate. Designed as a true waterfront compound, the 5,611-square-foot Mediterranean-inspired residence offers 5 bedrooms, expansive entertaining spaces, three fireplaces, and walls of windows framing panoramic water and Hill Country views. A chef's kitchen serves as the heart of the home, flowing seamlessly into spacious indoor and outdoor living areas ideal for hosting family and friends. Outdoor amenities elevate the experience with a covered patio, an 18-foot swim spa, mature trees, open green spaces, and direct access to the water. The private air-conditioned boathouse features a boat lift and jet ski ramp, creating the perfect setting for lake adventures. A separate 2-bedroom guest house provides exceptional flexibility for extended family, guests, or multigenerational living. The guest quarters also include a temperature-controlled wine room and bonus space currently used as an art studio, easily adaptable as a gym, office, or creative retreat. Additional features include a powered workshop, dual water sources, EV connection, RV hookup, and a brand-new roof installed in 2025. Conveniently located within easy reach of Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander, this exceptional waterfront estate offers a rare opportunity to enjoy the privacy of acreage, the recreation of lakefront living, and the financial benefits of an agricultural exemption, all in one remarkable property.

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 7:17AM

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: Pool/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