Property Attributes
- MLS#1139679
- TypeSingle Family
- Listing Status Active
- CountyBURNET
- CityGranite Shoals
- AreaBU
- NeighborhoodGreencastle
- Zip78654
- StyleSingle Family Residence
- Year Built1969
- Taxes$ 31939
- Price$ 2,450,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2112
- Lot Size2.19 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
This is one of those opportunities that rarely comes to market, and when it does, it’s recognized for what it is: a true legacy property. Set on approximately 2.19 acres along the main body of Lake LBJ, this property offers an extraordinary 311 feet of waterfront—an increasingly rare combination of scale, privacy, & presence on one of the most sought-after stretches of the lake. The setting is both peaceful & expansive, w/wide open water views framed by a canopy of mature trees that provide natural beauty, shade, & a sense of seclusion that is difficult to replicate. The existing home on the property is livable & could be enjoyed as-is or updated over time. However, the true value here lies in the land itself—its size, frontage, & the flexibility it offers for the future. Whether that vision is to create a private waterfront estate, design a multi-generational family compound, or explore the potential to subdivide into multiple homesites (buyer to verify), the possibilities here are compelling. The property was originally platted as three lots, adding an additional layer of flexibility for those considering long-term use or investment. One of the property’s most unique features is its own small island just off the shoreline-an uncommon detail that gives the setting a true sense of character & place, creating an experience that feels distinctly your own. Life on this stretch of LBJ centers around the water, from quiet mornings under the trees & glassy conditions for skiing or paddling, to afternoons spent boating & gathering with family/friends. Evenings bring sweeping Hill Country sunsets across the main body of the lake. With constant water levels & unobstructed views, the property offers both beauty & usability, all within easy reach of every day conveniences. Properties with this combination of acreage, main body location & 300+ feet of frontage are exceptionally limited! This is an opportunity to secure a piece of Lake LBJ that can be enjoyed for generations.
| Elementary School | Middle School | High School |
|---|---|---|
| Marble Falls Elementary School | Marble Falls Middle School | Marble Falls High School |
| Price History | |
|---|---|
| 5/8/2026 | Listed $2,950,000 |
| 7/30/2026 | 17$2,450,000 |
General Features
| Living Area | 2112 |
|---|---|
| Sewer | Septic Tank |
| Heating | Central |
| Cooling | Ceiling Fan(s),Central Air |
| Utilities | Electricity Connected,Water Connected |
| Roof | Composition |
| Appliances | Electric Range,Refrigerator |
| Patio/Porch Features | Covered |
| Pool Features | None |
| Construction Materials | Wood Siding |
| Year Built | 1969 |
| View | Lake,Panoramic |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | Lake Front,Waterfront |
| Community Features | Park |
| Accessibility | None |
| County | Burnet |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Energy Efficient | None |
| Subdivision Name | Greencastle |
| Facing Direction | Northwest |
| Green Sustainability | None |
| Other Structures | Shed(s) |
| Full Baths | 2 |
| Status | Active |
| Directions | take N Phillips Ranch Rd and turn right on W Greencastle Dr. Turn right on Castlehigh Dr and the road leads right into the property |
| High School | Marble Falls |
| City | Granite Shoals |
| Body of Water | Lake LBJ |
| Disclosures | Seller Disclosure |
| MLS Area | BU |
| Lot Size Square Feet | 95396.4 |
| Elementary School | Marble Falls |
| Tax Annual Amount | 31562.03 |
| Middle/Junior High School | Marble Falls |
| Property Condition | Resale |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.310CastleHigh.com/u/ |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1787508 |
| Virtual Tour | https://www.310CastleHigh.com |
Interior Features
| Interior Amenities | Ceiling Fan(s),Laminate Counters,Primary Bedroom on Main |
|---|---|
| Flooring | Carpet,Laminate |
| Total Fireplaces | 2 |
| Fireplace Features | None |
| Window Features | Aluminum Frames |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 1 |
| LivingAreaSource | Public Records |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Fencing | Partial |
| Parking Features | Carport |
| Lot Features | Gentle Sloping,Public Maintained Road,Sloped Down,Trees-Large (Over 40 Ft),Trees-Moderate,Views |
| Water Source | Public |
| Total Parking | 10 |
| Foundation Details | Slab |
| Lot Size Acres | 2.19 |
| Waterfront Y/N | Yes |
| Horse Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Austin Board of REALTORS® Copyright ©2026 All rights reserved.
Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties