508 Lake Street St, Kingsland, TX 78639

$900,000
5
BD
5
BA
3,275
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$900,000
Status
ACTIVE
MLS#
5022839
Days on Market
0
Bedrooms
5
Bathrooms
5
Living Area
3,275
Lot Size
6,359
Area
Burnet/Llano

Property Description

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.

Additional Information

Taxes
$19,857
Tax Year
2025
HOA Name
THE DRACE RESIDENTIAL COMMUNITY, INC.
Year Built
2025
Garage Spaces
2
Parking Spaces
4
Exterior Features
Balcony, Barbecue, Gas Grill
Interior Features
Built-in Features, Breakfast Bar, Ceiling Fan(s), Chandelier, Double Vanity, Ceiling-High, Kitchen Island, Walk-In Closet(s)
Roof
Metal
Appliances
Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Refrigerator, Washer/Dryer, Water Heater, Water Softener, Wine Refrigerator
Construction
HardiPlank Type, Spray Foam Insulation, Board & Batten Siding
Region
Burnet/Llano
School District
Llano ISD
Elementary School
Packsaddle
High School
Llano
Middle School
Llano
Sewer
Public Sewer
Street Name
Lake Street St
Street Number
508
Neighborhood
Drace
Water
Public
Waterfront
Yes
Guest Accommodations
See Remarks
Acres
0.15
County
Llano
Floor
Tile, Wood
Heating
Central, Electric, Heat Pump
Lot Description
Cleared, Views
Pool
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cook Residential RE. Contact: (512) 656-2964

Brought to you by the Austin Board of REALTORS® All visitors are subject to ABoR Terms and Conditions of Use.