481 Chimney Cove Dr, Marble Falls, TX 78654
Local realty services provided by:CENTURY 21 North East
Listed by: kimberly christman
Office: kuper sotheby's int'l realty
MLS#:4878913
Source:ACTRIS
481 Chimney Cove Dr,Marble Falls, TX 78654
$2,825,000
- 5 Beds
- 5 Baths
- 5,611 sq. ft.
- Single family
- Active
Price summary
- Price:$2,825,000
- Price per sq. ft.:$503.48
- Monthly HOA dues:$62.5
About this home

Villa La Vita e’ Bella – Gated Waterfront Escape on 5 Acres with Ag Exemption
Welcome to House of the Good Life, a rare, private gated waterfront estate where 318 feet of shoreline, panoramic water views, and unforgettable sunsets create an extraordinary setting for refined living and effortless entertaining, all complemented by a remarkably low 1.3233% agricultural exempt tax rate.
Set on 5 pristine, park-like acres within an exclusive gated community, this Mediterranean-inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities. Ideally positioned for both seclusion and convenience, with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander.
The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms, featuring three 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 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. With expansive acreage, significant waterfront, and ag-exempt status supported by grazing Longhorns, this one-of-a-kind estate invites you to live beautifully and experience the good life.
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Home facts
- Year built:2007
- Listing ID #:4878913
- Updated:March 09, 2026 at 04:33 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Flooring:Tile, Wood
- Kitchen Description:Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Microwave, Wine Refrigerator
- Living area:5,611 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
Structure and exterior
- Roof:Tile
- Year built:2007
- Building area:5,611 sq. ft.
- Lot Features:Agricultural, Back Yard, Cleared, Landscaped, Level
- Construction Materials:Stone
- Exterior Features:Exterior Steps, Outdoor Grill, Private Entrance, RV Hookup
- Foundation Description:Slab
Schools
- High school:Marble Falls
- Elementary school:Colt
Utilities
- Sewer:Septic Tank
Finances and disclosures
- Price:$2,825,000
- Price per sq. ft.:$503.48
- Tax amount:$16,605 (2025)
Features and amenities
- Appliances:Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Dryer, Microwave, RNGHD, Water Purifier Owned, Wine Refrigerator
- Laundry features:Dryer
- Amenities:Bookcases, Pantry, Storage
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