$860,000
Beds: 5
Baths: 4 full, 1 half
Sqft: 3,275
Sqft lot: 6,360
Acre lot: 0.15
97 Days On Market

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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

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.

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

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$860,000 - 508 Lake Street Street, Kingsland, TX 78639

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508 Lake Street Street
Kingsland, TX 78639
Subdivision: Drace