| Beds | 5 |
|---|---|
| Baths | 5 |
| Sqft | 3,275 |
| Acres | 0.15 |
| Property Type | Home |
| Heating | Central, Electric, Heat Pump |
| Parking | Garage, Garage Door Opener |
| Year Built | 2025 |
| Stories | Three Or More |
| Cooling | Central Air, Heat Pump |
| Days on Market | 73 |
| Garages | 2 |
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.
Location
| Legal Description | THE DRACE LT 27 0.146 AC |
|---|---|
| Address | 508 Lake Street St |
| County | Llano |
| City | Kingsland |
| Zip Code | 78639 |
| Subdivision | Drace |
| School District | Llano ISD |
| MLS Area | LL |
Size and Restrictions
| Acres | 0.15 |
|---|---|
| Lot Description | Cleared, Views |
| Horses Allowed | No |
| $/Acre | $6,164,384 |
Improvements
| Parking | Garage, Garage Door Opener |
|---|---|
| Garage Spaces | 2 |
| Fence | Partial |
| Exterior Features | Balcony, Barbecue, Gas Grill |
Features
| View | Water |
|---|---|
| Water Access | Waterfront |
| Waterfront | Lake LBJ |
Utilities
| Water | Public, Municipal Utility District |
|---|---|
| Utilities | Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected |
Amenities
| Area Amenities | Gated, Lake |
|---|
Beds and Baths
| Bedrooms | 5 |
|---|---|
| Main Level Beds | 2 |
| Bathrooms | 4 full / 1 half |
| Primary on Main | No |
Other Rooms
| Kitchen Appliances | Built-In Oven, Built-In Refrigerator, Cooktop, Double Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator, Water Softener, Wine Refrigerator, Washer |
|---|---|
| Laundry Facilities | Main Level, Laundry Room, Upper Level |
Heating and Cooling
| Heating | Central, Electric, Heat Pump |
|---|---|
| Air Conditioning | Central Air, Heat Pump |
Interior Features
| Flooring | Tile, Wood |
|---|---|
| Features | Breakfast Bar, Built-in Features, Ceiling Fan(s), Chandelier, Double Vanity, High Ceilings, Kitchen Island, Walk-In Closet(s) |
| Disability | Accessible Elevator Installed |
Building Information
| Square Feet | 3,275 |
|---|---|
| Year Built | 2025 |
| Building Faces | South |
| Builder Name | Goliath Luxury Homes |
| Construction | Board & Batten Siding, HardiPlank Type, Spray Foam Insulation |
| Foundation | Slab |
| Roof | Metal |
Energy Efficiency
| Energy Efficiency Features | See Remarks |
|---|
Property Features
| Exterior Features | Balcony, Barbecue, Gas Grill |
|---|
Garage and Parking
| Garage | Garage Door Opener |
|---|---|
| Parking | Garage, Garage Door Opener |
Financial
| $/Sq Ft | $275 |
|---|---|
| $/Acre | $6,164,384 |
| Special Conditions | DeedRestrictions |
| Documents Available | Deed Restriction |
| Disclosures | Seller Disclosure |
Property Taxes
| Appraisal District | Llano |
|---|---|
| Estimated Taxes | $19,858 |
| Tax ID | 0508 |
| Tax Year | 2025 |
Homeowner Association
| Has HOA | Yes |
|---|---|
| HOA Name | THE DRACE RESIDENTIAL COMMUNITY, INC. |
| HOA Fee | $100 - Monthly |
Listing Details
| Office | Cook Residential RE |
|---|---|
| Contact Info | (512) 656-2964 |