501 Oleander DR, Granite Shoals TX 78654
Granite Shoals, TX 78654 · Shady Acres
Single Family Residence for sale in Shady Acres
Overview
Property Description
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.
Financial Info
- Price
- $825,000
- $ / Sqft
- $460
- HOA
- Yes - Mandatory / $75 / Annually
- HOA Name
- Shady Acres
- HOA Includes
- Common Area Maintenance
- Tax Rate
- 1.26%
- Est. Taxes
- $14,518.07
- Tax Year
- 2026
- Exemptions
- None
Legal Info
- Address
- 501 Oleander DR
- County
- Burnet
- City
- Granite Shoals
- State
- TX
- Zip
- 78654
- Subdivision
- Shady Acres
- Legal Description
- S7530 SHADY ACRES LOT 151 & 152, SEC 2 & FILL & SUBMERGED
- Parcel
- 38479
Interior Features
- Floor
- Carpet, Tile
- Num Living
- 1
- Dining
- 1
- Kitchen
- Breakfast Bar, Pantry
- Appliances
- Dishwasher, Disposal, Microwave, Range, Electric Water Heater
- Laundry
- In Kitchen, Laundry Room
- Master Bed
- Primary Bedroom on Main, Walk-In Closet(s)
- Master Main
- Yes
- Fireplaces
- 1
- Fireplace Description
- Living Room, Wood Burning
- Interior Features
- Bar, Breakfast Bar, Ceiling Fan(s), Electric Dryer Hookup, Multiple Living Areas, Open Floorplan, Pantry, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s), None
General Info
- Beds
- 2 Total / 2 Main Level
- Full / Half Baths
- 2 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1978 / Resale
- Square Feet
- 1,792 / Public Records
- Garages
- 2
- Garage Desc
- Detached, Driveway
- Foundation
- Slab
- Roof
- Composition
- Construction
- Brick, Frame, HardiPlank Type
- Acres
- 0.51
- Lot Description
- Back Yard, Sprinkler - In-ground, Trees-Large (Over 40 Ft)
- Restrictions
- See Remarks
- Flood Plain
- See Remarks
- View
- Hill Country, Lake
- Water Access
- No
- Waterfront
- No
- Area
- BU
Utility Info
- Water
- Public
- Sewer
- Septic Tank
- Utilities
- Electricity Connected, Phone Available, Sewer Connected, Water Connected
- Heat
- Central, Electric
- A C
- Ceiling Fan(s), Central Air, Electric
Exterior Features
- Fence
- Back Yard, Chain Link
- Exterior Features
- Boat Lift, Gutters Full, No Exterior Steps, Covered, Patio
- Pool On Property
- No
- Area Amenities
- Fishing, Lake, Park
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Jul 7, 2026 | Price Decrease | $825,000−$74,000 (−8.2%) | −$74,000 (−8.2%) |
| May 26, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Marble Falls ISD
- Elementary
- Highland Lake
- Middle
- Marble Falls
- High
- Marble Falls
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$6,070 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $6,070
- Principal & interest
- $4,172
- Property taxes
- $1,210
- Homeowners insurance
- $688
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $660,000 | $7,377 | $42,683 | $652,623 | |
| 2 | $652,623 | $7,871 | $42,189 | $644,752 | |
| 3 | $644,752 | $8,398 | $41,662 | $636,354 | |
| 4 | $636,354 | $8,961 | $41,099 | $627,393 | |
| 5 | $627,393 | $9,561 | $40,499 | $617,832 | |
| 6 | $617,832 | $10,201 | $39,859 | $607,631 | |
| 7 | $607,631 | $10,884 | $39,176 | $596,747 | |
| 8 | $596,747 | $11,613 | $38,447 | $585,134 | |
| 9 | $585,134 | $12,391 | $37,669 | $572,743 | |
| 10 | $572,743 | $13,221 | $36,839 | $559,522 |
- Year 1$652,623
- Principal paid
- $7,377
- Interest paid
- $42,683
- Starting balance
- $660,000
- Year 2$644,752
- Principal paid
- $7,871
- Interest paid
- $42,189
- Starting balance
- $652,623
- Year 3$636,354
- Principal paid
- $8,398
- Interest paid
- $41,662
- Starting balance
- $644,752
- Year 4$627,393
- Principal paid
- $8,961
- Interest paid
- $41,099
- Starting balance
- $636,354
- Year 5$617,832
- Principal paid
- $9,561
- Interest paid
- $40,499
- Starting balance
- $627,393
- Year 6$607,631
- Principal paid
- $10,201
- Interest paid
- $39,859
- Starting balance
- $617,832
- Year 7$596,747
- Principal paid
- $10,884
- Interest paid
- $39,176
- Starting balance
- $607,631
- Year 8$585,134
- Principal paid
- $11,613
- Interest paid
- $38,447
- Starting balance
- $596,747
- Year 9$572,743
- Principal paid
- $12,391
- Interest paid
- $37,669
- Starting balance
- $585,134
- Year 10$559,522
- Principal paid
- $13,221
- Interest paid
- $36,839
- Starting balance
- $572,743
Nearby
Courtesy of RE/MAX of Marble Falls · (830) 798-1443
Listings courtesy of ACTRIS as distributed by MLS GRID.