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481 Chimney Cove Dr

Marble Falls, TX 78654

5 beds
5 baths
4,550 sqft
~5 acre lot
$631 per sqft
2007 build
– on site

Villa La Vita E’ Bella – A Mediterranean Retreat Welcome to Villa of Good Life—a private, gated lakefront sanctuary where 318 feet of shoreline, stunning water views, and unforgettable sunsets set the scene for everyday living and effortless entertaining. Situated on 5 pristine park-like acres in an exclusive gated community, this Mediterranean-style estate offers a rare blend of luxury, privacy, and lifestyle amenities that are truly one-of-a-kind. The 4,450 sq ft main home showcases timeless design with three fireplaces, generous living spaces, and a seamless connection to the outdoors. A chef’s kitchen opens to expansive gathering areas, perfect for hosting inside and out. Step onto the patio to enjoy hill country breezes or take a soak in the 18’, 2,000-gallon swim spa. Inside, large windows frame picture-perfect views, while a brand-new roof (2025) ensures peace of mind. Guests will love the detached 571 sq ft guest house with a temperature-controlled wine cellar, 2 bedrooms and 1 bath—ideal for visitors or creative use. An approximately 500 sq ft art studio/storage space offers even more flexibility, and the powered shop makes hobbies or projects a breeze. Boaters will appreciate the private boathouse with a/c, plus there is even an RV hookup and dual water systems (rainwater & lake water) for convenience and sustainability. Horses allowed! Whether you're hosting lakeside gatherings, seeking a quiet artist’s retreat, or building a multi-generational haven, this is a property that delivers lifestyle without compromise. Schedule your private tour today!

Listing courtesy of ABOR / Kimberly Christman / Kuper Sotheby's Int'l Realty

Last checked: Checking… • Last updated May 15, 2025 •

MLS# 4527995 —

The Building

Year Built:

2007
New Construction:

false
Roof:

Tile
Foundation:

Slab
Exterior Features:

Boat Dock - Private
Accessibility Features:

None
Patio And Porch Features:

Covered
Window Features:

Blinds
Levels:

One
Direction Faces:

NW

Interior

Interior Features:

Bar
Living:

2
Dining:

2
Flooring:

Tile
Fireplace:

Den
Fireplaces Total:

3
Laundry Location:

Laundry Room

Room Dimensions

Living Area:

4550
Living Area Source:

Public Records

Financial & Terms

Possession:

Funding
Restrictions:

Deed Restrictions

Location

Latitude:

30.529806
Longitude:

-98.140355
Directions:

From Austin: Take I-35 N, US-183 N, Lakeline Blvd and FM1431/RM 1431 W to Hickory Creek Rd (take left). Follow approximately 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate. From Marble Falls: From US-281 N to 10th St/E Farm to Market 1431 (turn right). Continue for approximately. 10.6 miles to Hickory Creek Rd. (turn right). Follow approx. 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate.

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Parcel Number:

9652
Property Condition:

Resale
Other Structures:

Boat House
Lot Features:

Agricultural
Lot Size Acres:

5.002
Lot Size Area:

5 Sqft
Lot Size SqFt:

217,887 Sqft
SqFt Total:

4,550 Sqft
View:

Hill Country
Waterfront:

true
Waterfront Features:

Waterfront
Water Body Name:

Lake Travis
Horse:

false
Additional Parcels:

false
Fencing:

Fenced
FEMA Flood Plain:

Partial

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$14,682.92

Beds

Bedrooms Total:

5
Main Level Bedrooms:

5

Baths

Total Baths:

4.5
Total Baths:

5
Full Baths:

4
Half Baths:

1

The Listing

Special Listing Conditions:

Standard
Listing Terms:

Cash
Occupant Type:

Owner

Heating & Cooling

Heating:

Central
Cooling:

Ceiling Fan(s)

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Tank
Water Source:

See Remarks
Electric On Property:

true

Appliances

Appliances:

Built-In Gas Range

Schools

Elementary School:

Colt
Elementary School District:

Marble Falls ISD
Middle School:

Marble Falls
Middle School District:

Marble Falls ISD
High School:

Marble Falls
High School District:

Marble Falls ISD

The Community

Subdivision Name:

Chimney Cove Estates
Association Name:

Chimney Cove Estates
Association Fee:

$750
Association Fee Includes:

See Remarks
Association Fee Frequency:

Annually
Community Features:

Gated
Pool Private:

true
Pool Features:

In Ground

Parking

Parking Features:

Additional Parking
Garage:

true
Attached Garage:

true
Garage Spaces:

3
Covered Spaces:

3

Monthly cost estimate

Asking price

$2,875,000

Expense	Monthly cost
Mortgage	$15,394
Taxes	$1,223
Insurance	$790
HOA fees	$63
Utilities	$208 See report
Total	$17,678/mo.^*
	^*This is an estimate

Explore the Area

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This house located in TX 78654 is currently for sale for $2,875,000. 481 Chimney Cove Dr is a 4,550 square foot house with 5 beds and 5 baths that has been on Estately for 1 days. This house is in the attendance area of Marble Falls High School, Marble Falls Middle School, and Colt Elementary School.

Based on information from the Austin Board of REALTORS® and ACTRIS 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.