$275,000
↓ $25K (8.3%)
●
Land -
For Sale
29 CHIMNEY COVE DR
Marble Falls, TX 78654
Studio
0 Bath
$1,367
Est. Monthly
$10
HOA / Fees
About This Property
Welcome to Chimney Cove Estates! A unique acreage tract that has
Colorado River frontage (Lake Travis) offers panoramic views for
miles! Build your dream home, or retirement home and enjoy
the beautiful hill country views! Gazebo by the river offers
a magnificent picnic area, wildlife roams freely! Electricity
is currently on site, Water and Septic are needed. Low taxes,
reduced holding costs with greater financial flexibility with
current agricultural exemption in place! Low HOA dues!
Unit Size
-
Days on Market
-
Land Size
6.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
$6
HOA Dues
$10
Year Built
-
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (Unlock MLS #ACT9568760)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2026 | Price Decreased |
$275,000
↓ $25K
(8.3%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$300,000
↓ $25K
(7.7%) | |
| Price Decreased | |||
| May 2, 2025 | Listed by Keller Williams Realty | $325,000 | |
| Listed by Keller Williams Realty | |||
| Mar 13, 2025 | No longer available | - | |
| No longer available | |||
| Sep 12, 2024 | Listed by Coldwell Banker S.G. Billings | $340,000 | |
| Listed by Coldwell Banker S.G. Billings | |||
   | |||
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Lake Travis Lakefront Lot on Cove in Chimney Cove Estates, 6.89-Acres, 262 ft of shoreline along the 670 ft mean sea level contour, 200 ft of paved street frontage. Electricity, shady pavilion and gravel driveway already installed on Lot; and set-up for RV. Gated entry subdivision, small community park with concrete boat launch ramp and floating boat mooring pier. 15-minutes to Marble Falls TX shopping, restaurants, schools, medical. 25-minutes to Lago Vista TX. 1500 sq ft minimum for house; a 2-story home requires minimum 1000 sq ft on ground floor & no less than 500 ft on the 2nd level. Electricity & phone along street. Water well or rainwater collection will be necessary for domestic use. Subdivision Lots have Agricultural exemption low taxes.
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Property Highlights
Exterior Details
Waterfront Features: Lake Front
Waterbody Name: Colorado River
Other Structures: Gazebo
Lot Features: Many Trees
Lot Size Area: 300433.32
Lot Size Units: Square Feet
Lot Size Acres: 6.897
Lot Size Square Feet: 300433.32
Water Source: None
Financial Details
Tax Assessed Value: $5,533
Tax Annual Amount: $71
Utilities Details
Sewer : Septic Needed
Location Details
HOA Fee: $120
HOA Fee Frequency: Annually
Comparables
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Status
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Type
Beds
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ft²
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About Burnet
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Listed by: Dwayne Baker
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 448-4111
Last Updated: 2026-08-16 04:10:22
Data Source: Unlock MLS, MLS# ACT9568760
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Keller Williams Realty - Listing courtesy of Unlock MLS
Phone: (512) 448-4111
Last Updated: 2026-08-16 04:10:22
Data Source: Unlock MLS, MLS# ACT9568760
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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