About 501 Oleander Drive
Rare opportunity on constant-level Lake LBJ with 163 feet of prime waterfront in the quiet and quaint Shady Acres subdivision, ideally situated between Granite Shoals and Kingsland. Nestled on a beautifully maintained .51-acre lot with lush grass and mature trees, this charming 2 bedroom, 2 bath waterfront home offers the perfect blend of comfort, convenience, and lakefront living. Inside, you'll find wood plank tile flooring throughout the main living areas, carpet in the bedrooms, a cozy wood-burning fireplace, and an updated kitchen featuring quartz countertops. The spacious bathroom includes a walk-in tile shower for a modern touch. Step outside to enjoy the large covered patio overlooking the serene backyard and sparkling waters of Lake LBJ—perfect for relaxing or entertaining. The property is well-equipped for lake life with a 1-stall boat dock with electric lift, separate fishing dock, detached 2-car garage, and a workshop/storage building with attached RV carport. Conveniently located near Marble Falls shopping, dining, and entertainment, while also just minutes from Kingsland’s popular waterfront restaurants and attractions. Beautiful waterfront, mature landscaping, and an unbeatable location make this Lake LBJ property a must-see.
Features of 501 Oleander Drive
| MLS® # | 614885 |
|---|---|
| Price | $825,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Acres | 0.51 |
| Year Built | 1978 |
| Type | Single-Family |
| Sub-Type | Single Family Residence |
| Style | Hill Country |
| Status | Active |
Community Information
| Address | 501 Oleander Drive |
|---|---|
| Subdivision | Shady Acres |
| City | Marble Falls |
| County | Burnet |
| State | TX |
| Zip Code | 78654 |
Amenities
| Utilities | Electricity Available, Other, See Remarks |
|---|---|
| Features | Park |
| Parking | Detached, Garage, RV Garage |
| Garage Spaces | 2 |
| View | Lake |
| Is Waterfront | Yes |
| Waterfront | Boat Ramp/Lift Access, Dock Access, Water Access |
| Pool | None |
Interior
| Interior | Carpet, Tile |
|---|---|
| Interior Features | Ceiling Fan(s), High Ceilings, Recessed Lighting, See Remarks, Walk-In Closet(s), Breakfast Bar, Kitchen/Family Room Combo, Pantry, Sun Room |
| Appliances | Electric Range, Electric Water Heater, Microwave, Refrigerator, Some Electric Appliances, Range |
| Heating | Central, Electric |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Living Room, Wood Burning |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Covered Patio, Porch, Rain Gutters, Storage |
|---|---|
| Roof | Composition, Shingle |
| Construction | Brick Veneer, Frame, HardiPlank Type |
| Foundation | Slab |
School Information
| District | Marble Falls ISD |
|---|---|
| Elementary | Highland Lakes Elementary |
| Middle | Marble Falls Middle School |
| High | Marble Falls High School |
Additional Information
| Date Listed | May 26th, 2026 |
|---|---|
| Days on Market | 126 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Marble Falls |
|---|