Lake access
About 100 feet of constant-level shoreline is part of the property. The lake is used for boating, fishing, and a swim off your own waterfront.
Cottonwood Shores, Texas · For sale
3721 Lakeview Drive
Lake Marble Falls waterfront
$995,000
MLS #6789040
Or call Rachel at (281) 939-9748Key highlights
Waterfront, acreage, and income already in motion.
- Bedrooms
- 3
- Bathrooms
- 2.5
- Interior
- 2,217 sq ft
- Lot
- 1.5 acres
- Waterfront
- About 100 ft
- Rental income
- In place
Set on about 1.5 acres with roughly 100 feet of frontage on Lake Marble Falls, 3721 Lakeview Drive offers true constant-level waterfront living. The water stays put year-round, and there's no HOA.
The single-story home has about 2,217 square feet, with three bedrooms, two and a half bathrooms, and water views from the main rooms. Enjoy peaceful mornings with coffee on the covered deck by the water, followed by stunning lakeside sunsets. The grounds include mature pecan trees, a privacy fence, a greenhouse, a powered workshop, a storage building, and full RV hookup.
The home is currently operating as a successful short-term rental and "Guest Favorite", with about $40,000 in short-term rental income reported over the past six months as a newer STR. Seller financing is available. Contact Rachel for current terms.
Single-story home · Built in 1982 · No HOA · Seller financing available · Listed at $995,000
Video tour
Walk the house before you drive out.
A walkthrough and a drone film are being prepared.
Until those are posted, the gallery below is the next best look. Rachel can also walk the property with you in person.
Schedule a private showingPhoto gallery
The house, the shore, and the light.
Tap any photo to open it. On a phone, swipe to move through the set.
Guest stays
See What the Guests Are Saying...
One of the most beautiful places I have ever visited in Texas! The views were absolutely incredible—the pictures truly do not do justice...
The house is beautiful and the property was even more gorgeous.
We were blown away with the wildlife out the back door!
The property is very beautiful and peaceful and well-worth the cost.
The house was beautiful, spotless, and comfortable. What I loved most was all the activities you can enjoy right on the river, like swimming, fishing, kayaking, and so much more. Seeing and hearing the deer and other wildlife was truly one of the most beautiful parts of the experience!
The views out the back door are beautiful, watching the deer play, was peaceful. There are so many things to do in Marble Falls and only an hour from Austin, makes a good day trip.
Investment calculator
Try a down payment and a rate.
The payment is principal and interest on $995,000 over 30 years. It does not include taxes or insurance.
- Down payment
- $248,750
- Amount financed
- $746,250
- Monthly payment
- $4,964.82
Estimated cash flow appears after projected income and expenses are added. The mortgage payment above is ready to use.
Figures are estimates provided for information only; buyers should verify independently.
Location
On the water in Cottonwood Shores.
Cottonwood Shores is a small city on the Highland Lakes. This house is on Lake Marble Falls, so the water is the backyard, not a trip across town.
3721 Lakeview Drive, Cottonwood Shores, TX 78657
Dining
Marble Falls is a short drive, with coffee, groceries, and restaurants from a casual lunch to a night out.
Attractions
Horseshoe Bay, with its resort, marinas, and golf, is close by. The rest of the Highland Lakes and the Hill Country make an easy day. Austin is within reach when you want the city.
Lead form
Ask for the package, or ask for a showing.
Rachel reads these herself. Tell her your timing and how you plan to buy, and she will write back.
Prefer the phone? (281) 939-9748
Book a showing
See it when the light is right.
Private showings are by appointment. Call or text Rachel and she will find a time that works, including evening viewings for spectacular golden hour water viewings.
About the agent
Rachel Windley
LPT Realty
Rachel Windley is an Austin and Texas Hill Country REALTOR® with LPT Realty, specializing in luxury homes, waterfront properties, investment properties, and short-term rentals. She works with buyers and sellers throughout Austin, the Highland Lakes, and surrounding Hill Country communities, combining local market knowledge with a strong understanding of income-producing and lifestyle properties.
Whether you're buying a luxury residence, selling a distinctive property, or evaluating a short-term rental investment, Rachel provides straightforward guidance, strategic marketing, and a highly personalized approach from start to finish.