Listing provided courtesy of Kuper Sotheby's Int'l RealtyMLS# HLM176676MLS Provider
  • 123 days on site
  • 2 views

Villa La Vita è Bella – Gated Waterfront Ag-exempt Estate on 5 Acres Experience refined lakefront living with 318 feet of shoreline, panoramic water views, and breathtaking sunsets — all behind the gates of an exclusive community. Set on 5 usable, park-like acres with a rare agricultural exemption and low 1.3233% tax rate, this private retreat offers luxury, space, and exceptional value. Roaming Texas Longhorns allow the agricultural exemption. The 5,611± square foot Mediterranean-inspired residence features 5 bedrooms, three fireplaces, expansive living areas, and seamless indoor–outdoor flow designed for entertaining. A chef’s kitchen opens to generous gathering spaces, while walls of windows frame stunning lake and Hill Country views. A brand-new 2025 roof adds peace of mind. Outdoor living shines with a covered patio perfect for year-round enjoyment and an impressive 18-foot, 2,000-gallon swim spa. A separate 2-bedroom guest house includes a temperature-controlled wine room and another building that is a flexible bonus space, ideal for an art studio, gym, private office, game room or music studio. Private, floating boat dock with boat lift, jet ski and air conditioned room. Conveniently located with easy access to Marble Falls, Lago Vista, Liberty Hill, Cedar Park, and Leander — yet worlds away in privacy and tranquility. A rare opportunity to own gated waterfront acreage with luxury amenities and low taxes.

Source: Highland Lakes MLS, MLS#: HLM176676

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  • Property Type
    Residential
  • Lot
    5.00 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 481 Chimney Cove Dr


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/25/2026Source: Highland Lakes MLS Price Reduction
$2,695,000 -3.2%
3/17/2026Source: Highland Lakes MLS Price Reduction
$2,785,000 -1.4%
2/26/2026Source: Highland Lakes MLS Added to Database
February 26, 2026