About 311 Oleander Dr
Offering a 1/6 deeded ownership interest (Tenants in Common) in this exceptional Lake LBJ waterfront residence. List price reflects the purchase price of one fractional ownership share only, approximately $350,000, and does not represent ownership of the entire property. Cash purchase required. Financing for fractional ownership is generally limited. Enjoy approximately eight weeks of exclusive annual use through a professionally managed rotating reservation schedule. Ownership includes a deeded 1/6 undivided interest in this beautifully appointed waterfront home, designed for effortless enjoyment and low-maintenance ownership. Located in the desirable Shady Acres community, this stunning single-story residence offers approximately 205 feet of protected channel frontage with quick access to open water. The thoughtfully designed floor plan features expansive open living spaces, a chef’s kitchen with a propane range, dual dishwashers, and a separate baker’s kitchen, making it ideal for entertaining. The spacious primary suite includes a fireplace, dual vanities, a clawfoot soaking tub, separate walk-in shower, oversized walk-in closet, and direct access to the resort-style pool. A detached guest casita with a living area, kitchenette, bedroom, and full bath provides additional privacy for family and guests. Outdoor amenities include a resort-style pool with waterfall, multiple fire pit seating areas, covered patio, hydraulic boat slip with automated enclosure, two jet ski lifts, and beautifully landscaped grounds designed to maximize lake living. Ownership is professionally supported by a concierge and property management team, providing a true lock-and-leave lifestyle. Contact listing agent for complete ownership details, operating expenses, reservation schedule, and fractional ownership information.
Features of 311 Oleander Dr
| MLS® # | 7902186 |
|---|---|
| Price | $2,199,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 4,143 |
| Acres | 0.60 |
| Year Built | 1970 |
| Type | Residential |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 311 Oleander Dr |
|---|---|
| Area | BU |
| Subdivision | Shady Acres |
| City | Marble Falls |
| County | Burnet |
| State | TX |
| Zip Code | 78654 |
Amenities
| Utilities | Electricity Connected, Propane, Underground Utilities, Water Connected |
|---|---|
| Features | See Remarks |
| Parking | Driveway, Detached, Garage Faces Front, Garage, Kitchen Level, Paved, Private |
| # of Garages | 2 |
| Garages | Garage Door Opener |
| View | Canal,Lake,Neighborhood,Water,Lake LBJ |
| Is Waterfront | Yes |
| Waterfront | Canal Front, Waterfront, Boat Ramp/Lift Access |
| Has Pool | No |
Interior
| Interior | Tile |
|---|---|
| Appliances | Double Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Built-In Gas Oven, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Free-Standing Freezer, Propane Cooktop |
| Heating | Central |
| Fireplace | No |
| # of Fireplaces | 1 |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Dock, Exterior Steps, Private Entrance, Private Yard, Boat Lift |
|---|---|
| Lot Description | Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Level, Native Plants, Private, Sprinklers In Ground, Few Trees, Trees Medium Size, Waterfall |
| Construction | Brick, Stone, See Remarks |
| Foundation | Slab |
School Information
| District | Marble Falls ISD |
|---|---|
| Elementary | Marble Falls |
| Middle | Marble Falls |
| High | Marble Falls |
Additional Information
| Date Listed | May 22nd, 2026 |
|---|---|
| Days on Market | 90 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 200 |
| HOA Fees Freq. | Annually |
Listing Details
| Agent | Kasey Mercurio |
|---|---|
| Office | MCM Land Company LLC |