401 Crestview DR, Marble Falls, TX 78654
Rippy-Baker Sub · Burnet County
Key Facts
Description
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 Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1950
Living Area
5,184 sq ft
Lot Size
1.67 acres
Garage Spaces
7
Parking Spaces
10
Ownership
Fee-Simple
Days on Market
6
MLS® Listing#
4283530
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Fireplace
Pool
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Windows
Other Structures
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Colt
- Middle:
- Marble Falls
- High:
- Marble Falls
Financial Details
HOA
None
Annual Taxes
$25,425
Tax year 2026
Assessed Value
$1,446,009
Parcel Number
63945
Directions
From 281, turn onto 4th Street. Property is located at the corner of Crestview Drive and 4th Street.
Affordability Calculator
$480,000
Estimated monthly payment
$12,774/mo
Principal $1,920,000 · Est. interest $2,678,571 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Marble Falls, TX
- $423,333
- Median Listing Price
- 68
- Median Days on Market
- 1,915
- Median Sq Ft
- $215
- Median Price / Sq Ft
- 207
- Active Listings
- This home’s price is 467% above the area median.
- Its price per sq ft is 116% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Marble Falls, TX.
Location
Points of Interest in Marble Falls, TX
Showing the Marble Falls area map.
Nearby Schools
First Baptist Christian School
School · 0.6 mi away
First Baptist Elementary School of Marble Falls
Elementary · 1.0 mi away
Marble Falls Middle School
Secondary · 1.1 mi away
St. Peter's Lutheran School
School · 1.2 mi away
Marble Falls Elementary School
Elementary · 1.4 mi away
Marble Falls High School
Secondary · 1.4 mi away
Tierra Vista Montessori School
Elementary · 1.7 mi away
Marble Falls Isd
School · 1.7 mi away
Colt Elementary School
Elementary · 2.5 mi away
Faith Academy of Marble Falls
School · 2.6 mi away
Highland Lakes Head Start
School · 6.6 mi away
Spicewood Elementary School
Elementary · 9.4 mi away
Packsaddle Elementary
Elementary · 11.8 mi away
Kingsland School Texas
School · 12.3 mi away
33rd & 424th Judicial District Intermediate Sanction Facility
School · 13.3 mi away
Bcisd Parent Resource Center
School · 13.4 mi away
Burnet Consolidated Independent School District
School · 13.4 mi away
Quest High School
Secondary · 13.7 mi away
R J Richey Elementary School
Elementary · 14.1 mi away
Shady Grove Elementary
Elementary · 14.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 25623 Singleton DR, Marble Falls, TX | $1,750,000 | 4 | 3 | 2,314 |
| 2524 State Highway 79 S, Wichita Falls, TX | $1,750,000 | 4 | 5 | 3,213 |
| 1900 County Road 120A, Marble Falls, TX | $1,799,000 | 4 | 5 | 6,773 |
| 1900 County Road 120A, Marble Falls, TX | $1,799,000 | 4 | 5 | 6,773 |
| 1001 Lakeshore, Marble Falls, TX | $1,939,990 | 4 | 4 | 3,424 |
| 311 Oleander DR, Marble Falls, TX | $2,199,000 | 4 | 3 | 4,143 |
Moving Cost Estimate
EXIT Agents in Marble Falls
Listing Courtesy: Moreland Properties - (512) 480-0848
Last Updated: 2026-05-27