Active · MLS# 5022839

508 Lake Street St

Kingsland, TX, 78639

$900,000

5 Beds · 5 Baths · 3,275 SF · $275/SF

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.

Property Details

Property type

Single Family Residence

Living area

3,275 sq ft

Bedrooms

5

Bathrooms

4 full · 1 half

Year built

2025

Lot size

0.146 acres

Garage

2 spaces

Subdivision

Drace

County

Llano

HOA

$100 Monthly

Annual taxes

$19,858

Pool

Private pool

Waterfront

Waterfront

Schools

Elementary

Packsaddle

Middle

Llano

High

Llano

Features

Interior

Built-in Features · Breakfast Bar · Ceiling Fan(s) · Chandelier · Double Vanity · Ceiling-High · Kitchen Island · Walk-In Closet(s)

Exterior

Balcony · Barbecue · Gas Grill

Flooring

Tile · Wood

Heating

Central · Electric · Heat Pump

Cooling

Central Air · Heat Pump

Views

Water

Listing courtesy of Stacy Alexander, Cook Residential RE. Information is provided by Unlock MLS (Austin Board of Realtors) and is deemed reliable but not guaranteed. Adrian Salas is not the listing agent for this property unless otherwise stated.