Date
Details
Price
Change
Source
5/06/2026
Listed
$2,800,000
—
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
Located within The Drace, Kingsland's premier gated waterfront enclave, the new construction residence at 516 Lake St. offers a balance of modern lake living and flexible, guest-friendly spaces. Positioned in one of Lake LBJ's most desirable vacation destinations, the property presents strong investment potential, with projected rental income exceeding $100K annually based on comparable nearby homes of similar size and amenities. Spanning 4,028 sq. ft. with five bedrooms and 5.5 baths, the home is well-suited as both a private retreat and income-producing property with a private pool, covered outdoor living, multiple decks and balconies, and a private boat dock to enjoy. The open-concept main level features a spacious living, dining, and kitchen area anchored by a waterfall island, along with a wet bar just off the main living space for easy entertaining. Two guest suites on this level offer flexibility for multi-family stays or guests who prefer main-level access, while upstairs, the primary suite offers a private retreat with its own balcony. An additional lounge area with built-in bunk beds expands sleeping capacity without sacrificing comfort. An elevator provides convenient access between levels, while the garage is equipped for electric vehicle charging-adding everyday ease for owners and guests alike. The Drace's private boat ramp and overflow/trailer parking enhance both convenience and rental appeal, making this property a strong opportunity for those seeking a luxury waterfront home on Lake LBJ.
Full Property Details
Full Property Details for 516 Lake St
General
- Price: $2,800,000
- Status: Active
- Type: Single Family
- Source: Highland_Lakes_MLS
- MLS ID: 177816
- Updated: Today (5/6/2026)
- Added to Site: Today
Interior
- Rooms/Areas: Family Room, Great Room, Kitchen, Laundry, Living Room, Storage Room, Utility Room Inside
- Interior Features: High Ceilings, Audio System, Wet Bar, Elevator, Pantry, Recessed Lighting, Walk-In Closet(s), Quartz Countertops
- Fireplace: Yes
- Fireplace(s): One, One
- Appliances: Dishwasher, Dryer, Disposal, Ice Maker, Microwave, Refrigerator, Washer, Washer Hookup, Electric Water Heater, Water Softener
- Flooring: Hard Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Additional Information
- Shared Amenities: Water, Other, Gated
- Pool: Yes
- Pool Description: Gunite, Heated, In Ground, Private
Exterior
- Exterior Features: Balcony, Rain Gutters, Sprinkler System
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Description: 2 Car Attached Garage, Front Entry
Location
- County: Llano
- Subdivision: The Drace
- Driving Directions: From Hwy 71 turn onto FM 2233 then left onto RR 2900, then right onto FM 1431 then left into The Drace subdivision then take a left and follow Lake St. to find 516 on the right.
School Information
- High School District: Llano
Community
- Assoc. Fees Include: Maintenance Structure, Management
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Construction: Wood Siding, Stone
- Foundation: Slab
- Roof: Metal
- Stories/Levels: 3
- Square Feet: 4,028
- Sq. Ft. Source: Plans
- Living Area: 4,028 Sq. Ft.
- Year Built: 2025
Unit Information
- Residential Units: 1
Lot Features
- Property View: Hill Country, Lake
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Dimensions: 40 x 167 x 40 x 163
- Frontage: All Weather, Paved Road
- Topography: Cleared Land
- Zoning: RES
- Fencing (Description): None
Water Features
- Water View: Yes
- Water Front Type: Channel
- Water Front View: Lake LBJ
- Boat Dock Slip: Yes
Green Features
- Energy Efficient: Ceiling Fan(s), Windows
Financial Considerations
- Price Per Sq. Ft.: $695.13
- Terms: Cash, conventional
Disclosures and Reports
- Legal Description: THE DRACE LT 29 0.151 AC
- Property ID: 77696
Listed by Re/Max Horseshoe Bay Resort Sa, Shirl Thornton and Re/Max Horseshoe Bay Resort Sa, Gretchen Adam
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Or call us at (800) 531-7667
Listing agents
— 516 Lake St —
Shirl Thornton
Re/Max Horseshoe Bay Resort Sa
Gretchen Adam
Re/Max Horseshoe Bay Resort Sa
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 516 Lake 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 | 15.2 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 516 Lake St
Tax History
Tax History for 516 Lake St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,446
53%
$582,350
339%
2024
$1,599
-77%
$132,800
-76%
2023
$6,982
—
$554,620
—
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 516 Lake St
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 5Total Baths
516 Lake St., Kingsland, TX 78639 (MLS# 177816) is a Single Family property with 5 bedrooms, 5 full bathrooms and 1 partial bathroom. 516 Lake St. is currently listed for $2,800,000 and was received on May 06, 2026. Want to learn more about 516 Lake St.? 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.