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Burnet 78654
481 Chimney Cove DR
$2,595,000
↓ $80K (3%)
● House - For Sale

481 Chimney Cove DR

Marble Falls, TX 78654
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,611 Ft²
$14,189
Est. Monthly
$63
HOA / Fees

About This Property

Welcome to the HOUSE OF THE GOOD LIFE, "Villa La Vita e' Bella" !  Estate Gated Escape on 5 Acres (w/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' 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.
Unit Size
5,611 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$462
Property Type
House
Property Taxes
$1,384
HOA Dues
$63
Year Built
2007

Listed By

Lesli Akers
Lesli Akers
Keller Williams Realty

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Last updated: 2 months ago (Unlock MLS #ACT3799877)

Price History

Date / Event Date Event Price
Aug 22, 2026 Price Decreased $2,595,000
↓ $80K (3%)
Price Decreased
Jul 7, 2026 Withdrawn -
Withdrawn
Jul 6, 2026 Listed by Keller Williams - Lake Travis $2,675,000
Listed by Keller Williams - Lake Travis
Mar 26, 2026 Price Decreased $2,695,000
↓ $90K (3.2%)
Price Decreased
Mar 17, 2026 Price Decreased $2,785,000
↓ $40K (1.4%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Additional Parking, Attached, Boat, Driveway, Electric Gate, Garage Door Opener, RV Access/Parking, Secured
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Bar, Bookcases, Built-in Features, Ceiling Fan(s), Double Vanity, Kitchen Island, Pantry, Sound System, Storage, Walk-In Closet(s), No Interior Steps, Primary Bedroom on Main
Appliances: Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Microwave, Water Purifier Owned, Wine Refrigerator, Built-In Oven(s), RNGHD
Flooring Type: Tile, Wood
Has Fireplace
Fireplace Features: Den, Family Room, Gas, Bedroom, Stone, Wood Burning
Fireplaces: 3
Exterior Details
Square Footage: 5611
Square Footage Source: $0
Green Sustainability
Security Features: See Remarks
Property Condition: Resale
Year Built Source: Public Records
Year Built: 2007
Waterfront Features: Waterfront
Waterbody Name: Lake Travis
Levels: One
Other Structures: Boat House, Guest House, Outbuilding, RV/Boat Storage
Window Features: Blinds, Plantation Shutters
Construction Materials: Stone
Patio and Porch Features: Covered, Rear Porch
Pool Features: Pool/Spa Combo
Pool is Private
Lot Features: Agricultural, Back Yard, Cleared, Landscaped, Level, Views
Lot Size Area: 217887.12
Lot Size Units: Square Feet
Lot Size Acres: 5.002
Lot Size Square Feet: 217887.12
Water Source: See Remarks
Financial Details
Tax Map Number: 13
Tax Assessed Value: $1,254,826
Tax Annual Amount: $16,605
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, See Remarks
HOA/Condo/Coop Amenities: Boat Dock
HOA Fee: $750
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 970
  • Parking Space Count: 4
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0
  • Location Influence Type: 164

    Dimensions

  • Lot Size Square Feet: 217,887
  • Total Building Area: 7,731
  • Gross Building Area: 7,731
  • Building Area: 6,761
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 6,761
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHIMNEY COVE ESTATES
  • Land Acres: 0000005002
  • Standard Land Use Code: 1001
  • County Land Use Code: A3
  • State Land Use Code: A3
  • Legal Description 1: S3656 CHIMNEY COVE ESTATES LOT 13 5.002

Neighborhood

  • School District Name: Marble Falls Independent School District
  • Census Tract: 960803

Geography

  • Assessors Map Reference: 101-B2
  • Parcel: 9652
  • Lot: 13
  • Municipality: MARBLE FALLS
  • Latitude: 30.5299
  • Longitude: -98.1405

    Address

  • Full Address: 481 Chimney Cove Dr
  • Address - House Number: 481
  • Address - Street Name: Chimney Cove
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Marble Falls
  • Carrier Code: H008
  • 4-Digit Zip Code: 3339
  • Zip Code: 78654

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,419,528
  • Tax Rate Code Area: WCD

    Appraisal Valuation

  • Standard Deviation: 0.3157
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 36
  • Final Value: 1,271,653
  • High Value: 1,673,201
  • Low Value: 870,104

    Market Valuation

  • Market Total Value: $2,337,447
  • Market Land Value: $400,160
  • Market Improvement Value: $1,937,287

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,037,126

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burnet


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$2,200 /mo

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408 Breezing Ln, Spicewood, TX, 78669 Listing by Dave Chastain


Frequently Asked Questions

When was property at 481 Chimney Cove Drive built and last sold?
The property at 481 Chimney Cove Drive was built in 2007 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 481 Chimney Cove Drive is $2,620,950.
What are some comparable homes to 481 Chimney Cove Drive?
There are currently no comparable homes to 481 Chimney Cove Drive.