Home for Sale at 1450 Los Escondidos Street, Marble Falls, TX 78654

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1450 Los Escondidos Street
Marble Falls, TX 78654

Meredith Vitek with Gottesman Residential R.E., original listing - (512) 451-2422

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Property Details

List Price:	$5,999,000
Beds:	7
Baths:	Full: 5
Status:	Active
SqFt:	4981 Square Feet
Agency:	Gottesman Residential R.E.
Agency Phone:	(512) 451-2422

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Description/Comments

Lot Size:	1 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1997
Notes:	This extremely rare waterfront property located at the end of Los Escondidos Street on the peninsula of Lake Marble Falls is surrounded with open water on one side and a deep water cove on the other, giving lake access to each. On the cove side is an incredible boathouse with 2 enclosed boat slips, a jet ski platform, and a second floor outdoor entertainment area with a summer kitchen, sleeping quarters for up to four, a water slide, rope swing and a rock climbing wall! The open water side has a day dock with a swimming platform and viewing deck above. Adjacent is the party barn equipped with a golf simulator, arcade games, as well as a bar overlooking the lake and includes a full bathroom. The beautiful 6 bedroom \| 4 bathroom home has abundant natural light and an open floor plan, perfect for entertaining. The gourmet kitchen includes two large islands as well as professional-grade appliances. The primary suite is on the main level with 5 additional bedrooms upstairs. There is also a two-car garage with a 1 bedroom \| 1 bathroom apartment above. This 1.97 acre property also includes a sand volleyball court, a gorgeous pool with outdoor kitchen, putting greens, a greenhouse, walking trails, mature trees, rock formations, fire pits, and a playscape. This property is the perfect place to come unwind, relax and connect with nature. MAIN HOUSE: 6 bedrooms \| 4 bathrooms \| 4,403 sqft (Cubicasa app) GARAGE APARTMENT: 1 bedroom \| 1 bathroom \| 578 sqft (Cubicasa app) Lot size per survey
MlsNumber:	--
ListingId:	171924

Listing Provided By:	Gottesman Residential R.E., original listing
Phone:	(512) 451-2422
Office Phone:	(512) 451-2422
Agent Name:	Meredith Vitek
Disclaimer:	Copyright © 2025 Highland Lakes Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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