This rare 2.19-acre lakefront property offers a once-in-a-generation opportunity on Lake LBJ! With 311' of wide open cove frontage, the setting is ideal for swimming, paddleboarding, fishing, or simply enjoying peaceful lake views. At the heart of the property is a stunning 100-foot waterfall designed to mimic a natural spring. Flowing through the center of the land, it adds a tranquil, unforgettable focal point. The existing 3-bed, 2-bath home offers comfortable living as-is and could serve as a base for your dream build or family compound. There's a covered carport, dedicated storage for lake toys, and ample room to expand — including space for a pool or multiple new builds. Zoned to allow short-term rentals, this property presents unique investment and redevelopment potential, with access from three separate roads (Castlehigh Dr, Mallard Point, and N Shorewood Dr). With the ability to develop 3 to 4 lake homes, it’s the perfect setup for a private family estate or boutique rental retreat. Lakefront properties with this much acreage and flexibility are almost unheard of—don't miss the chance to create something truly special, a legacy-level investment on Lake LBJ!
For sale
$3,750,000
310 Castlehigh Drive, Granite Shoals, TX 78654
3beds
2,112sqft
Est.:
Single Family Residence, Residential
Built in 1969
2.19 Acres Lot
$-- Zestimate®
$1,776/sqft
$-- HOA
What's special
Lakefront propertySpace for a poolComfortable livingTranquil unforgettable focal pointCovered carport
- 68 days
- on Zillow |
- 159 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: June 23, 2025 at 08:49am
Listed by:
Greg Gaynor 512-627-3779,
Fokus Waterfront
Source: HLMLS,MLS#: 173655

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open house
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room, Kitchen, Living Room, Main Level Master Bdrm
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
Features
- Flooring: Carpet, Vinyl
- Number of fireplaces: 2
- Fireplace features: Two
Interior area
- Total structure area: 2,112
- Total interior livable area: 2,112 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Car Carport
- Carport spaces: 1
Features
- Stories: 2
- Patio & porch: Screened
- Fencing: None
- Has view: Yes
- View description: Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Open Water, Lake LBJ
- Frontage length: 311
Lot
- Size: 2.19 Acres
- Dimensions: 311 x 140
- Features: Waterfall
Details
- Parcel number: 017785
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding, Stone
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1969
Utilities & green energy
- Sewer: Septic Tank
Green energy
- Energy efficient items: Ceiling Fan(s)
Community & HOA
Community
- Subdivision: Greencastle/Shr
Location
- Region: Marble Falls
Financial & listing details
- Price per square foot: $1,776/sqft
- Tax assessed value: $1,787,508
- Annual tax amount: $32,416
- Date on market: 6/2/2025
- Road surface type: Paved
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