For Sale House MLS# ACT7827634

501 Oleander Dr

Granite Shoals, TX 78654

$825,000

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Listing Office

Officeunlock-mls-grid logoRE/MAX of Marble Falls
AgentDana Yarter

About 501 Oleander Dr

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.

Property details

Property

Type
Single Family Residence
MLS type
Residential
Status
Active
Year built
1978
Stories
One
Living area
1,792 sqft
Price / sqft
$460
Lot
0.5061 AC / 22,045 SF
Full baths
2
Original price
$899,000
MLS #
7827634

Interior

Features
Bar, Breakfast Bar, Ceiling Fan(s), Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Range, Electric Water Heater
Flooring
Carpet, Tile
Heating
Central, Electric
Cooling
Ceiling Fan(s), Central Air, Electric
Fireplaces
1
Laundry
In Kitchen,Laundry Room

Exterior & lot

Features
Boat Lift, Gutters Full, No Exterior Steps
Roof
Composition
Foundation
Slab
Lot
Back Yard, Trees-Large (Over 40 Ft)
Patio & porch
Covered, Patio
Fence
Back Yard, Chain Link
View
Hill Country, Lake
Waterfront
Canal Front
Parking
Detached, Driveway
Garage spaces
2

Schools

District
Marble Falls ISD
Elementary
Highland Lake
Middle
Marble Falls
High
Marble Falls

Utilities

Utilities
Electricity Connected, Phone Available, Sewer Connected, Water Connected
Water
Public
Sewer
Septic Tank

Financial

HOA
Yes
Annual tax
$14,518
Tax year
2026
Parcel
38479
Legal
S7530 SHADY ACRES LOT 151 & 152, SEC 2 & FILL & SUBMERGED
Special conditions
Standard

Location

Subdivision
Shady Acres
County
Burnet
Directions
Take FM 1431 West toward Kingsland, Left on CR 131, Right on Willow, Left on Oleander, House on your Left.

Location

Neighborhood
Shady Acres

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Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.