508 Lake Street ST, Kingsland TX 78639
MLS #245409911 · Cook Residential RE · Stacy Alexander
About this home
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
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 2025
- Full baths
- 4
- Half baths
- 1
- Lot size
- 0.146
- Subdivision
- Drace
- MLS area
- LL
- MLS #
- 245409911
Features
Interior features
- Built-in Features
- Breakfast Bar
- Ceiling Fan(s)
- Chandelier
- Double Vanity
- High Ceilings
- Kitchen Island
- Walk-In Closet(s)
Exterior features
- Balcony
- Barbecue
- Gas Grill
Additional details
- Parking
- Garage, Garage Door Opener
- Garage spaces
- 2
- Roof
- Metal
- Foundation
- Slab
- HOA
- $100 / monthly
- Annual tax
- $19,857
Location
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Schools
Assigned schools per the MLS.
- School district
- Llano ISD
- Elementary
- Packsaddle
- Middle
- Llano
- High
- Llano
Comparable homes near 508 Lake Street ST
Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 49.3 mi
- Austin-Bergstrom Airport
- 55.8 mi
Straight-line distance, not drive time.
Market insights
Compared with 156 active homes in ZIP 78639 · HomeLocating listings
At $900,000, this home is priced 6% above the $846,250 median across 156 active homes in ZIP 78639.
Estimated monthly payment
Home price
$900,000
Down payment
20% ($180,000)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of Cook Residential RE · Stacy Alexander
Listing data last updated Oct 2, 2026, 11:46 PM
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