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Description

Villa La Vita e’ Bella – Gated Waterfront Escape on 5 Acres with Ag Exemption Welcome to House of the Good Life, a rare, private gated waterfront estate where 318 feet of shoreline, panoramic water views, and unforgettable sunsets create an extraordinary setting for refined living and effortless entertaining, all complemented by a remarkably low 1.3233% agricultural exempt tax rate. Set on 5 pristine, park-like acres within an exclusive gated community, this Mediterranean-inspired sanctuary offers an exceptional blend of luxury, serenity, and lifestyle amenities. Ideally positioned for both seclusion and convenience, with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander. The 5,611 square foot property reflects timeless architecture and relaxed elegance with 5 bedrooms, featuring three fireplaces, expansive living areas, and seamless indoor–outdoor flow. A chef's kitchen anchors the home, opening to generous gathering spaces designed for entertaining on any scale. Walls of windows capture breathtaking lake and landscape vistas, while a brand-new 2025 roof adds lasting peace of mind. Outdoors, the covered patio invites year-round enjoyment, from tranquil Hill Country mornings to sunset evenings, enhanced by an impressive 18-ft, 2,000-gallon swim spa. Complementing the main home, a charming 2-bedroom guest house includes a temperature-controlled wine room and a versatile bonus space currently serving as an art studio — ideal for creative pursuits, a gym, or private office. An additional powered workshop supports hobbies, projects, or storage. Designed for both recreation and functionality, the grounds feature dual water sources, EV connection, RV hookup, and a private air-conditioned boathouse with boat lift and jet ski ramp. With expansive acreage, significant waterfront, and ag-exempt status supported by grazing Longhorns, this one-of-a-kind estate invites you to live beautifully and experience the good life.

Contact Agent

Col Realty

(512) 699-3810

📞 Call 💬 Text ✉️ Email

Property Details

Status	Active
MLS #	ACT220449778
Taxes	$16,605 (2025) / year
HOA Fees	$750 / Annually
Type	Residential
Year Built	2007
Lot Size	5.00 AC / 217,887 SF
County	Burnet
Subdivision	Chimney Cove Estates
Garage Spaces	3

Property Information

Interior

BarBookcasesBuilt-in FeaturesCeiling Fan(s)Double VanityKitchen IslandNo Interior StepsPantryPrimary Bedroom on MainSound SystemStorageWalk-In Closet(s)

Exterior

Boat Dock - PrivateBoat LiftCCTYDExterior StepsLightingOutdoor GrillPrivate EntranceRV Hookup

Appliances

Built-In Gas RangeBuilt-In Oven(s)Built-In RefrigeratorDishwasherDisposalDryerMicrowaveRNGHDWater Purifier OwnedWine Refrigerator

Community

Gated

Parking

Additional ParkingAttachedBoatDrivewayElectric GateGarage Door OpenerRV Access/ParkingSecured

Utilities & Construction

Heat: CentralAC: Ceiling Fan(s), Central AirTile, WoodRoof: TileFoundation: Slab

🏊 Pool 🌊 Waterfront

Directions: From Austin: Take I-35 N, US-183 N, Lakeline Blvd and FM1431/RM 1431 W to Hickory Creek Rd (take left). Follow approximately 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate. From Marble Falls: From US-281 N to 10th St/E Farm to Market 1431 (turn right). Continue for approximately. 10.6 miles to Hickory Creek Rd. (turn right). Follow approx. 1.4 miles to Chimney Cove Drive gate. Go through the gate and continue on Chimney Cove Dr to 481 Chimney Cove, property is on the left with stone wall and private gate.