MLS# 5022839 - 508 Lake Street Street, Kingsland, TX 78639
$860,000
Beds:
5
Baths:
4 full, 1 half
Sqft:
3,275
Sqft lot:
6,360
Acre lot:
0.15
97 Days On Market
Property listed by Cook Residential RE 512-656-2964 (512) 656-2964
Status:
Active
Property Type:
Singlefamilyresidence
Year Built:
2025
Neighborhood:
Drace
Days On Website:
97
Property Details for 508 Lake Street Street, Kingsland, TX 78639
Description
FRACTIONAL OWNERSHIP. Dreaming of owning a luxury waterfront home on Lake LBJ but wonder if you would use it enough to justify the investment? This 33% fractional ownership opportunity offers the perfect solution—enjoy all the benefits of lakefront living at a fraction of the cost.
Welcome to 508 Lake Street, located in The Drace, a premier gated community on the shores of Lake LBJ. Completed in 2025 by Goliath Luxury Homes, this exceptional waterfront residence combines timeless design, quality craftsmanship, and resort-style amenities.
Offering 5 bedrooms and 4 1/2 bathrooms, the thoughtfully designed floor plan provides ample space for family and guests. Every detail has been carefully considered, from the designer finishes and premium materials to the functional layout. A three-story elevator provides effortless access to every level.
Designed with entertaining in mind, the outdoor living spaces are second to none. Enjoy a heated and cooled pool, gas fire pit, expansive outdoor gathering areas, a game room, and a fully equipped outdoor kitchen. When it's time to hit the water, simply walk down the steps to your private boat lift and be cruising Lake LBJ within minutes. Built to the highest standards, this home features advanced energy-efficient construction and exceptional structural integrity for lasting peace of mind.
Experience the best of Lake LBJ ownership through this rare fractional ownership opportunity—luxury, convenience, and waterfront living without the full-time commitment. Bring your friends and come by the lake house you have been dreaming of! Home being sold fully furnished.
Open House
Features
Appliances & Equipment
- BuiltInOven
- BuiltInRefrigerator
- Cooktop
- DoubleOven
- Dryer
- Dishwasher
- GasCooktop
- Disposal
- GasWaterHeater
- Microwave
- Refrigerator
- WaterSoftener
- WineRefrigerator
- Washer
Bathrooms
- 5 total bathrooms
- 4 full bathrooms
- 1 half bathroom
Bedrooms
- 5 total bedrooms
- 2 main level bedrooms
Building
- Built in 2025
- Living area: 3275.0
- Building faces South
- Levels: ThreeOrMore
- Construction Materials: BoardAndBattenSiding, HardiplankType, SprayFoamInsulation
Community
- Gated
- Lake
Disclosures
- SellerDisclosure
Accessibility Features
- AccessibleElevatorInstalled
Energy Saving
- Energy Efficiency: SeeRemarks
Exterior Features
- Balcony
- Barbecue
- GasGrill
Fence
- Partial
Floors
- Tile
- Wood
Foundation
- Slab
Garage
- 2 spaces
Heating
- Central
- Electric
- HeatPump
Home Owner's Association
- Association Fee: $100
- Fee Frequency: Monthly
- Fee Includes: SeeRemarks
Interior Features
- BreakfastBar
- BuiltInFeatures
- CeilingFans
- Chandelier
- DoubleVanity
- HighCeilings
- KitchenIsland
- WalkInClosets
Laundry
- MainLevel
- LaundryRoom
- UpperLevel
Listing
- Listing ID: 5022839
- Standard Status: Active
- MLS Status: Active
- Property Subtype: SingleFamilyResidence
- On market as of 2026-07-31
- 85 days on market
- Special Conditions: Standard
Location
- Subdivision: Drace
- MLS Area (Major): LL
- County/Parish: Llano
Lot
- 0.146 acres
- Cleared
- Views
Parking
- 2 covered spaces
- Garage
- GarageDoorOpener
Pool
- Heated
- InGround
- PoolSpaCombo
Possession
- ClosingAndFunding
Property
- NewConstruction
- Water
Roof
- Metal
Schools
- Elementary School: Packsaddle
- Elementary School District: Llano ISD
- Middle School: Llano
- Middle School District: Llano ISD
- High School: Llano
- High School District: Llano ISD
Sewer
- PublicSewer
- MunicipalUtilityDistrict
Taxes
- Parcel Number: 0508
- Annual Amount: $19,857.7
- Assessed Value: $1.20983e+06
- Legal Description: THE DRACE LT 27 0.146 AC
- Lot: 27
- Year: 2025
Utilities
- ElectricityConnected
- Propane
- SewerConnected
- UndergroundUtilities
- WaterConnected
- Water Source: Public, MunicipalUtilityDistrict
Water Features
- Water Body Name: Lake LBJ
- Waterfront
Property Map
Map View
$860,000 - 508 Lake Street Street, Kingsland, TX 78639
Street View
Directions
508 Lake Street Street
Kingsland, TX 78639
Subdivision: Drace
© 2026 RPM Reliable Property Management.