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.
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Listings courtesy of Unlock MLS (Austin Board of Realtors). Information deemed reliable but not guaranteed.
