1. Home
  2. Texas
  3. Lake Travis

Villa La Vita e Bella - Gated Waterfront Ag-exempt Estate on 5 $2,785,000

481 Chimney Cove Dr, Marble Falls, TX 78654

5 br, 5.0 ba, 2007 5611 sf
Burnet County
Ad #: 7328023

Home For Sale on Lake Travis

Villa La Vita e Bella - Gated Waterfront Ag-exempt Estate on 5 Acres Experience refined lakefront living with 318 feet of shoreline, panoramic water views, and breathtaking sunsets - all behind the gates of an exclusive community. Set on 5 usable, park-like acres with a rare agricultural exemption and low 1.3233% tax rate, this private retreat offers luxury, space, and exceptional value. Roaming Texas Longhorns allow the agricultural exemption. The 5,611+/- square foot Mediterranean-inspired residence features 5 bedrooms, three fireplaces, expansive living areas, and seamless indoor-outdoor flow designed for entertaining. A chef's kitchen opens to generous gathering spaces, while walls of windows frame stunning lake and Hill Country views. A brand-new 2025 roof adds peace of mind. Outdoor living shines with a covered patio perfect for year-round enjoyment and an impressive 18-foot, 2,000-gallon swim spa. A separate 2-bedroom guest house includes a temperature-controlled wine room and another building that is a flexible bonus space, ideal for an art studio, gym, private office, game room or music studio. Private, floating boat dock with boat lift, jet ski and air conditioned room. Conveniently located with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander - yet worlds away in privacy and tranquility. A rare opportunity to own gated waterfront acreage with luxury amenities and low taxes.

Property Details

  • Beds: 5
  • Baths: 5.0
  • Sq Feet: 5611
  • Year Built: 2007
  • Location: Lake Travis
  • Acres: 5.000
  • Lakeview: Yes
  • ViewTypes: Lake
  • County: Burnet County
  • Community: Chimney Cv Est
  • Heat/AC: Central
  • Siding: Stone
  • Roof: Tile
  • Stories: 1
  • Fireplaces: Has Fireplace
  • MLS #: 176676

Location

Click on map to activate
(Open in Google Maps)   (Bing Map)  (Mapquest Map)

Contact Information:

Contact Agent
Buyer's Agent: Barbara Shallue
Keller Williams Realty
512-657-0661
Please say you found it on Lakehouse.com !		 Listing Agent: Kim Christman, Capital City Sotheby's Int'l Realty, 512-608-5363, 512-261-0008 Listing Site, Listing Status: Active
Copyright © 2026 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Marble Falls, Texas
Ad Number : 7328023
Viewed: 69 times
Added: Feb 26, 2026
Updated on: Mar 17, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.