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311 Oleander Dr, 
Marble Falls, TX 78654

$350,000


4

Beds


3

Baths


4,143

Sq Ft


Single Family

Active

Listed by

Kasey Mercurio

Mcm Land Company LLC.

512-705-2504

Last updated:

September 14, 2026, 03:59 PM

MLS#

5525989

Source:

ACTRIS

About This Home

311 Oleander Dr

Discover one of Marble Falls' most extraordinary waterfront estates, offering approximately 200 ft of channel frontage. and a level of luxury rarely found on Lake LBJ. This listing offers 1/6 deeded ownership interest (Tenants in Common). List price reflects the purchase price of one fractional ownership share only, not the entire property. Cash purchase is required. Financing for fractional ownership is generally limited. Owners enjoy approximately 8 weeks of annual exclusive use through a professionally managed rotating reservation schedule, combining luxury ownership with a true lock-and-leave lifestyle. Designed for exceptional entertaining, this 4,500 sq ft single story residence features an expansive open living room where walls of windows frame peaceful waterfront views. The gourmet kitchen is equipped with propane range, dual dishwashers, premium finishes, while the separate prep and baker's kitchen offers additional appliances, freezers, sinks, and abundant workspace for effortless hosting. Outside, the estate transforms into a private waterfront resort. An oversized pool with cascading waterfall is surrounded by towering palms, lush professional landscaping, a sandy beach-style lounging area, 2 fire pits, and an expansive patio overlooking the water. A separate pool house provides additional accommodations with a bedroom, living area, kitchenette, and full bath. The detached two-car garage includes 3 additional storage rooms. The 203 ft of waterfront is complemented by a covered hydraulic boat slip with an automated enclosure, two jet ski lifts, and a fully fenced lawn extending to the water's edge. Professionally managed ownership allows you to enjoy an exceptional luxury lakefront lifestyle without the responsibilities of full-time ownership. Contact listing agent for total property value, ownership details, reservation schedule, and fractional ownership documents.

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1970

Subdivision & Development:

Shady Acres

Price Summary

350,000

$84 per Sq. Ft.

MLS #:

5525989

Last Updated:

September 14, 2026, 03:59 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

4,143 Sq. Ft.


Structure

Structure

Building Area:

4,143 Sq. Ft.

Year Built:

1970


Lot

Lot Size (Sq. Ft):


Finances & Disclosures

Finances

Price:

$350,000

Price per Sq. Ft:

$84 per Sq. Ft.

Source:ACTRIS
Copyright 2026 UnLock MLS . All rights reserved. Listings courtesy of UnLock MLS as distributed by MLS GRID

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.