ActiveMLS #4283530

401 Crestview DR, Marble Falls TX 78654

Name: 401 Crestview DR, Marble Falls, TX 78654
SKU: 4283530
Price: 2200000 USD
Availability: InStock

Marble Falls, TX 78654 · Rippy-Baker Sub

Single Family Residence for sale in Rippy-Baker Sub

$2,400,000

$2,200,000

5 full / 3 half

5,184

1.67

1950

Price Reduced

1 / 40

$2,200,000$2,400,000

Overview

Property 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.

Financial Info

Price: $2,200,000
$ / Sqft: $424
HOA: None
Tax Rate: 1.7583%
Est. Taxes: $25,425
Tax Year: 2026
Exemptions: Homestead

Legal Info

Address: 401 Crestview DR
County: Burnet
City: Marble Falls
State: TX
Zip: 78654
Subdivision: Rippy-Baker Sub
Legal Description: S7295 RIPPY-BAKER SUB LOT 1C
Parcel: 63945

Interior Features

Floor: Concrete, Tile, Wood
Num Living: 3
Dining: 2
Appliances: Built-In Oven(s), Dishwasher, Gas Cooktop, Microwave, RNGHD, Refrigerator, Stainless Steel Appliance(s)
Laundry: Laundry Room, Multiple Locations
Master Bed: Primary Bedroom on Main, Walk-In Closet(s)
Master Main: Yes
Fireplaces: 2
Fireplace Description: Bath, Living Room
Interior Features: Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s), None, Window Treatments

General Info

Beds: 5 Total / 2 Main Level / 3 Other Level
Full / Half Baths: 5 / 3
Prop Type: Residential
Property Type: Single Family Residence
Stories: 2
Year Built: 1950 / Resale
Square Feet: 5,184 / See Remarks
Garages: 7
Garage Desc: Additional Parking, Attached, Garage, RV Access/Parking, Workshop in Garage
Foundation: Slab
Roof: Membrane, Metal
Construction: HardiPlank Type, Masonry – Partial, Stone
Acres: 1.67
Lot Description: Back Yard, Corner Lot, Front Yard, Private, Sloped Down, Views
Restrictions: Deed Restrictions
Flood Plain: See Remarks
View: Lake, Trees/Woods, Water
Water Access: Yes
Waterfront: Yes
Area: BU

Utility Info

Water: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heat: Central
A C: Central Air

Exterior Features

Fence: None
Exterior Features: Boat Dock - Private, Boat Lift, Boat Slip, Private Yard, Covered, Deck, Porch
Pool On Property: No
Area Amenities: None

Price history

Members only

Days on market

−$200,000 (−8.3%)

$2,400,000 → $2,200,000

Price reduction

Active

Since May 27, 2026

Price trend

List priceMay 2026 → Aug 2026

Property history2 events

Date	Event	Price	Change
Aug 10, 2026	Price Decrease	$2,200,000−$200,000 (−8.3%)	−$200,000 (−8.3%)
May 27, 2026	New Listing		—

Taxes

Tax data isn’t available for this property’s county yet.

Schools

School Info

District: Marble Falls ISD
Elementary: Colt
Middle: Marble Falls
High: Marble Falls

Maps

Financing

Your preferences

20% down
Conv/Jumbo
30 years
6.50% rate

Saved on this device

Home priceList price $2,200,000

Down payment

Stays 20% if you change the price

Interest rateNote rate, not APR

Loan termLoan type

Property taxesFrom this listing’s tax record

Homeowners insurance*Estimated only (1% of price / yr)

Estimated monthly payment

$15,076 / mo

20% down · 6.50% interest · 30-year fixed

Principal & interest: $11,124
Property taxes: $2,119
Homeowners insurance: $1,833

*PITI only

These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.

Principal, interest and balance for each year
Year	Starting balance	Principal paid	Interest paid	Ending balance
1	$1,760,000	$19,672	$113,821	$1,740,328
2	$1,740,328	$20,989	$112,503	$1,719,339
3	$1,719,339	$22,395	$111,098	$1,696,943
4	$1,696,943	$23,895	$109,598	$1,673,048
5	$1,673,048	$25,495	$107,997	$1,647,553
6	$1,647,553	$27,203	$106,290	$1,620,350
7	$1,620,350	$29,025	$104,468	$1,591,326
8	$1,591,326	$30,968	$102,524	$1,560,358
9	$1,560,358	$33,042	$100,450	$1,527,315
10	$1,527,315	$35,255	$98,237	$1,492,060

Year 1$1,740,328
Principal paid
$19,672
Interest paid
$113,821
Starting balance
$1,760,000
Year 2$1,719,339
Principal paid
$20,989
Interest paid
$112,503
Starting balance
$1,740,328
Year 3$1,696,943
Principal paid
$22,395
Interest paid
$111,098
Starting balance
$1,719,339
Year 4$1,673,048
Principal paid
$23,895
Interest paid
$109,598
Starting balance
$1,696,943
Year 5$1,647,553
Principal paid
$25,495
Interest paid
$107,997
Starting balance
$1,673,048
Year 6$1,620,350
Principal paid
$27,203
Interest paid
$106,290
Starting balance
$1,647,553
Year 7$1,591,326
Principal paid
$29,025
Interest paid
$104,468
Starting balance
$1,620,350
Year 8$1,560,358
Principal paid
$30,968
Interest paid
$102,524
Starting balance
$1,591,326
Year 9$1,527,315
Principal paid
$33,042
Interest paid
$100,450
Starting balance
$1,560,358
Year 10$1,492,060
Principal paid
$35,255
Interest paid
$98,237
Starting balance
$1,527,315

First 10 of 30 years

Nearby

Courtesy of Moreland Properties · (512) 480-0848

Listings courtesy of ACTRIS as distributed by MLS GRID.