401 CRESTVIEW DRIVE, MARBLE FALLS, TX 78654
Homes for sale in Marble Falls.
Homes for sale in 78654.
List Price$2,400,000
401 Crestview Drive
Marble Falls, TX 78654
Listing #4283530
5
Bedrooms
5 full, 2 partial
Bathrooms
5,184
Square Feet
House
Type
About This Property
Perched above Lake Marble Falls in a quiet, laid-back area of town, this rare 1.67-acre dual-lot property offers the perfect blend of relaxed lake living and unmatched versatility for entrepreneurs, investors, and outdoor enthusiasts. This unique, in-town opportunity features 3 different structures for future flexibility. The main home, with quaint 1950s charm, features 4 bedrooms, 3.5 baths, two spacious living areas, and outdoor spaces with panoramic lake and Hill Country views. Primary and secondary bedroom suites are located on the main floor, while the lower level includes two additional bedrooms and a game room. Near the main home, a modern two-story structure could act as a guest home with an upstairs apartment and deck with incredible views. Downstairs is a converted garage bunkroom with a kitchenette and bath, offering flexible accommodations for guests, extended stays, or short-term rentals. Adjacent to the main house, the third structure spans approximately 3000 SF with 2100 SF of fully insulated and heated/cooled garage, including a half bath and large spaces for equipment storage or all the hobby areas you need! This building adds extraordinary functionality rarely found on the lake and in town. It is ready to be a workshop, office, exercise room, additional parking, etc. A golf cart path winds down to a private single-slip boat dock with a party deck and storehouse, creating effortless access to days on the water. Enjoy the structures as they stand, or plan your own custom build. All this plus convenience to shopping, restaurants, and necessities in Marble Falls. Less than half a mile to Bluebonnet Cafe, a half mile to Main Street and live music at Old Oak Square, and only 1.3 miles from HEB. City utilities. Short-term rentals are allowed with registration with the City. Nothing like it elsewhere on the lake at this price point. Tax and assessed values are estimates for illustration purposes only. All figures should be independently verified.
Property Features
Location Information
County
Burnet
Subdivision
Rippy-Baker Sub
County
Burnet
Directions
From 281, turn onto 4th Street. Property is located at the corner of Crestview Drive and 4th Street.
Area
BU
Interior Features
Interior
Main Level Primary, Recessed Lighting, Soaking Tub, Walk-In Closet(s)
Heating
Central
Primary Bedroom On Main
Yes
Floors
Concrete, Tile, Wood
Full Baths
5
Laundry
Laundry Room, Multiple Locations
1/2 Baths
2
Disabled Features
None
Has Fireplace
Yes
Appliances
Built-In Oven, Dishwasher, Gas Cooktop, Microwave, Refrigerator, Range Hood, Stainless Steel Appliance(s)
Number of Fireplaces
2
Accessibility
None
Fireplace Description
Bath, Living Room
Exterior Features
Style
HardiPlank Type, Masonry, Stone
Parking Description
Additional Parking, Attached, Garage, RV Access/Parking, Workshop in Garage
Stories
2
Garage Spaces
7
Is New Construction
No
Fencing
None
Construction/Exterior
HardiPlank Type, Masonry, Stone
Lot Size in Acres
1.67
Exterior
Boat Lift, Boat Slip, Dock, Private Yard
Water Body
Lake Marble Falls
Foundation
Slab
Waterfront Description
Lake Front, Waterfront, Boat Ramp/Lift Access
Possession
Closing & Funding, Close Of Escrow
Has Waterfront
Yes
Water / Sewer
Public Sewer
Has View
Yes
Water
Public
View
Lake, Trees/Woods, Water
School
Elementary School District
Marble Falls ISD
Middle School
Marble Falls
Elementary School
Colt
High School
Marble Falls
Additional Information
Roof/Attic
Membrane, Metal
APN
63945
Other Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Status
Active
Property Type
SFR
Documents Available
None
Property SubType
Single Family Residence
Square Feet Source
See Remarks
Year Built
1950
Similar Listings
Mortgage Calculator
$11,208
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$8,648
Monthly Tax
$2,000
Monthly Insurance
$560
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing Courtesy of: Moreland Properties (512) 480-0848
© 2026 Austin Board of REALTORS® (ACTRIS). All rights reserved.
Listings courtesy of APPLICABLE MLS as distributed by MLSGRID. Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from ACTRIS through the date and time shown below.
Unlock MLS data last updated at May 27, 2026, 8:01 PM CT
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