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Burnet 78654
511 Chimney Cove Drive
$1,350,000
↓ $40K (2.9%)
● House - For Sale

511 Chimney Cove Drive

Marble Falls, TX 78654
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,463 Ft²
$7,979
Est. Monthly
$63
HOA / Fees

About This Property

Nestled on 5 pristine acres with breathtaking Lake Travis/Colorado River frontage with an extraordinary blend of luxury, privacy, and natural beauty. This immaculate 5 bed, 5 bath estate is truly move-in ready, showcasing exceptional care and timeless appeal. From the moment you arrive through the gated entrance of this exclusive community, you'll be captivated by the serene setting and stunning water views that surround the property. Enjoy the finished walk out basement leading to extra large covered porch overlooking the water with a large spa. For those needing extra space for adventure, the property includes a massive two story garage (40x40) and four 30 foot deep garage spaces to accommodate RV's, boats, jet skis, golf carts, and any other recreational vehicles. Rarely does a property combine luxury living, acreage, waterfront access, and an agricultural tax exemption so seamlessly. This is a one-of-a-kind opportunity to own a slice of Texas paradise in the heart of Marble Falls.
Unit Size
3,463 Ft²
Days on Market
-
Land Size
5.01 acres
Price per sqft
$390
Property Type
House
Property Taxes
$1,287
HOA Dues
$63
Year Built
2002

Listed By

Daniel Nestorovski
Engel & Volkers Dallas Lakeside

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Last updated: 2 months ago (HAR #21733270)

Price History

Date / Event Date Event Price
Sep 9, 2026 Price Decreased $1,350,000
↓ $40K (2.9%)
Price Decreased
Aug 8, 2026 Price Decreased $1,389,999
↓ $10K (0.7%)
Price Decreased
Jul 16, 2026 Price Decreased $1,399,999
↓ $50K (3.5%)
Price Decreased
Jun 30, 2026 Price Decreased $1,450,000
↓ $30K (2%)
Price Decreased
Jun 17, 2026 Price Decreased $1,480,000
↓ $10K (0.7%)
Price Decreased
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Property Highlights

Garage
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Attached, Additional Parking, Boat, RV Access/Parking
Garage Spaces: 3
Interior Details
Half Bathrooms: 2
Full Bathrooms: 3
Appliances: Disposal, Microwave, Dishwasher
Exterior Details
Square Footage: 3463
Architectural Style: Traditional
Year Built Source: Owner
Year Built: 2002
Waterfront Features: Lake Front, River Front
Building Area Total: 3463
Construction Materials: Stone, Vinyl Siding
Lot Features: Waterfront, 5 Up to 10 Acres
Lot Size Area: 5.01
Lot Size Units: Acres
Lot Size Acres: 5.01
Lot Size Square Feet: 218235.6
Water Source: Other
Financial Details
Tax Annual Amount: $15,445
Utilities Details
Cooling Type: Electric
Heating Type: Electric
Sewer : Other, Septic Tank
Location Details
HOA Fee: $750
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • 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: 1,500
  • Parking Space Count: 8
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 9
  • Location Influence Type: 164

    Dimensions

  • Lot Size Square Feet: 218,236
  • Total Building Area: 5,667
  • Gross Building Area: 5,667
  • Building Area: 4,167
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,167
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHIMNEY COVE ESTATES
  • Land Acres: 0000005010
  • Standard Land Use Code: 1001
  • County Land Use Code: A3
  • State Land Use Code: A3
  • Legal Description 1: S3656 CHIMNEY COVE ESTATES LOT 8 5.008

Neighborhood

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

Geography

  • Assessors Map Reference: 101-B2
  • Parcel: 9647
  • Lot: 8
  • Municipality: MARBLE FALLS
  • Latitude: 30.5278
  • Longitude: -98.1419

    Address

  • Full Address: 511 Chimney Cove Dr
  • Address - House Number: 511
  • Address - Street Name: Chimney Cove
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Marble Falls
  • Carrier Code: H008
  • 4-Digit Zip Code: 3558
  • Zip Code: 78654

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,320,382
  • Tax Rate Code Area: WCD

    Appraisal Valuation

  • Standard Deviation: 0.3157
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 36
  • Final Value: 1,011,656
  • High Value: 1,331,105
  • Low Value: 692,206

    Market Valuation

  • Market Total Value: $1,866,620
  • Market Land Value: $400,640
  • Market Improvement Value: $1,465,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $964,684

    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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Frequently Asked Questions

When was property at 511 Chimney Cove Drive built and last sold?
The property at 511 Chimney Cove Drive was built in 2002 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 511 Chimney Cove Drive is $1,363,500.
What are some comparable homes to 511 Chimney Cove Drive?
There are currently no comparable homes to 511 Chimney Cove Drive.