For Sale House MLS# 5022839

508 Lake Street St

Kingsland, TX 78639

$860,000

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Listing Office

Officeunlock-mls-grid logoCook Residential RE
AgentStacy Alexander

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About 508 Lake Street St

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
MLS type
Residential
Status
Active
Year built
2025
Stories
3
Living area
3,275 sqft
Price / sqft
$263
Lot
0.146 AC / 6,359 SF
Full baths
4
Half baths
1
Original price
$900,000
MLS #
5022839

Interior

Features
Built-in Features, Breakfast Bar, Ceiling Fan(s), Chandelier, Double Vanity, Ceiling-High, Kitchen Island, Walk-In Closet(s)
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
Flooring
Tile, Wood
Heating
Central, Electric, Heat Pump
Cooling
Central Air, Heat Pump
Laundry
Laundry Room, Main Level, Upper Level
Windows
Window Coverings

Exterior & lot

Features
Balcony, Barbecue, Gas Grill
Roof
Metal
Foundation
Slab
Lot
Cleared, Views
Patio & porch
Covered, Deck, Patio
Fence
Partial
View
Water
Pool
Heated, In Ground, Pool/Spa Combo
Waterfront
Waterfront
Parking
Garage, Garage Door Opener
Garage spaces
2

Schools

District
Llano ISD
Elementary
Packsaddle
Middle
Llano
High
Llano

Utilities

Utilities
Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected
Water
Public
Sewer
Public Sewer
Security
Smoke Detector(s)
Green features
Other/See Remarks

Financial

HOA
Yes
Annual tax
$19,858
Tax year
2025
Parcel
0508
Legal
THE DRACE LT 27 0.146 AC
Special conditions
Standard

Location

Subdivision
Drace
County
Llano
Directions
Take FM 1431 to Kingsland then turn into The Drace subdivision. Take a left and follow Lake Street by turning ri

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Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.