Date
Details
Price
Change
Source
7/31/2026
Listed
$900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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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.
Full Property Details
Full Property Details for 508 Lake Street St
General
- Price: $900,000
- HOA FEE: $100/month
- Taxes: $19,857 (2025)
- Status: Active
- Type: Single Family
- Source: Austin_MLS
- MLS ID: 5022839
- Updated: 7/31/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Chandelier, Double Vanity, High Ceilings, Kitchen Island, Walk-In Closet(s)
- 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
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Main: 2
Other Rooms
- Laundry: Main Level, Laundry Room, Upper Level
Additional Information
- Shared Amenities: Gated, Lake
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated, In Ground, Pool/Spa Combo
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Barbecue, Gas Grill
- Porch/Patio/Deck: Covered, Deck, Patio, Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 4
- Parking Features: Garage, Garage Door Opener
Location
- Area: LL
- County: Llano
- Subdivision: Drace
- Driving Directions: Take FM 1431 to Kingsland then turn into The Drace subdivision. Take a left and follow Lake Street by turning ri
- Direction Faces: South
School Information
- Elem School District: Llano ISD
- Midd School District: Llano ISD
- High School District: Llano ISD
- Elementary School: Packsaddle
- Middle School: Llano
- High School: Llano
Community
- Gated community: Yes
- Association: Yes
- Assoc. Name: THE DRACE RESIDENTIAL COMMUNITY, INC.
- Assoc. Fees Include: See Remarks
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Heat Pump
- Heating Type: Central, Electric, Heat Pump
Utilities
- Sewer: Public Sewer, Municipal Utility District
- Water: Public, Municipal Utility District
- Utility Description: Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected
Structural Information
- Detached/Attached: Detached
- Builder: Goliath Luxury Homes
- Construction: Board & Batten Siding, HardiPlank Type, Spray Foam Insulation
- Roof: Metal
- Windows: Window Coverings
- Square Feet: 3,275
- Sq. Ft. Source: Builder
- Living Area: 3,275 Sq. Ft.
- Year Built: 2025
- Year Built Source: Builder
- Property Condition: New Construction
Additional Structures
- Other Structures: Boat House, See Remarks
Lot Features
- Property View: Water
- Lot Size (Acres): 0.146
- Lot Size (Sq. Ft.): 6,359.76
- Fence: Yes
- Lot Features: Cleared, Views
- Fencing (Description): Partial
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Name: Lake LBJ
- Water Front Desc.: Waterfront
Green Features
- Energy Efficient: See Remarks
Financial Considerations
- Association Fee: $100
- Assoc Fee Freq.: Monthly
- Assessment Amount: $1,209,830
- Tax Amount: $19,857.71
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: Deed Restriction
- Legal Description: THE DRACE LT 27 0.146 AC
- Disclosures/Reports: Seller Disclosure
- Property ID: 508
- Lot Number: 27
Listed by Cook Residential RE
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Listing agent
— 508 Lake Street St —
Cook Residential RE
(512) 656-2964
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 508 Lake Street St
School District:Llano Independent School District
| Name | Grades | Distance |
|---|---|---|
Packsaddle Elementary School 150 Pioneer Lane, Kingsland, TX 78639 | PK-5 | 0.8 mi |
Llano J High School 400 East Highway 71, Llano, TX 78643 | 6-8 | 15.1 mi |
Llano High School 2509 Texas 16, Llano, TX 78643 | 9-12 | 15.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 Lake Street St
Tax History
Tax History for 508 Lake Street St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,082
219%
$1,209,830
815%
2024
$1,593
-77%
$132,240
-76%
2023
$6,953
—
$552,280
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 Lake Street St
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- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
508 Lake Street Street, Kingsland, TX 78639 (MLS# 5022839) is a Single Family property with 5 bedrooms, 4 full bathrooms and 1 partial bathroom. 508 Lake Street Street is currently listed for $900,000 and was received on July 31, 2026. Want to learn more about 508 Lake Street Street? Do you have questions about finding other Single Family real estate for sale in Kingsland? You can browse all Kingsland real estate or contact a Coldwell Banker agent to request more information.