Waterfront - New Construction - Eco Friendly
Address
508 Lake Street St, Kingsland, TX
Price
$ 900,000
Property Attributes
- MLS#5022839
- TypeSingle Family
- Listing Status Active
- CountyLLANO
- CityKingsland
- AreaLL
- NeighborhoodDrace
- Zip78639
- StyleSingle Family Residence
- Year Built2025
- Taxes$ 19857
- Price$ 900,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage3275
- Lot Size0.146 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Packsaddle Elementary School | Llano Middle School | Llano High School |
| Price History | |
|---|---|
| 7/31/2026 | Listed $900,000 |
General Features
| Living Area | 3275 |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Electric,Heat Pump |
| Cooling | Central Air,Heat Pump |
| Utilities | Electricity Connected,Propane,Sewer Connected,Underground Utilities,Water Connected |
| Roof | Metal |
| 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 |
| HOA Fee | 100 |
| Garage Spaces | 2 |
| Association Fee Includes | See Remarks |
| Patio/Porch Features | Covered,Deck,Patio |
| Pool Features | Heated,In Ground,Pool/Spa Combo |
| Security Features | Smoke Detector(s) |
| Construction Materials | HardiPlank Type,Spray Foam Insulation,Board & Batten Siding |
| Year Built | 2025 |
| View | Water |
| Levels | Three Or More |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | Waterfront |
| Community Features | Gated,Lake |
| Accessibility | Accessible Elevator Installed |
| Assoc Fee Paid Per | Monthly |
| County | Llano |
| New Construction | Yes |
| Property Type | Residential |
| HOA | Yes |
| Energy Efficient | Other/See Remarks |
| Subdivision Name | Drace |
| Facing Direction | South |
| Green Sustainability | See Remarks |
| Other Structures | Boat House |
| Full Baths | 4 |
| Status | Active |
| Directions | Take FM 1431 to Kingsland then turn into The Drace subdivision. Take a left and follow Lake Street by turning ri |
| High School | Llano |
| City | Kingsland |
| Body of Water | Lake LBJ |
| Disclosures | MUD,Seller Disclosure |
| Association Name | THE DRACE RESIDENTIAL COMMUNITY,INC. |
| MLS Area | LL |
| Lot Size Square Feet | 6359.76 |
| Elementary School | Packsaddle |
| Tax Annual Amount | 19857.71 |
| Middle/Junior High School | Llano |
| Property Condition | New Construction |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/aus/5022839 |
| Builder Name | Goliath Luxury Homes |
| Standard Status | Active |
| Year Built Source | Builder |
| Tax Assessed Value | 1209830 |
Interior Features
| Interior Amenities | Built-in Features,Breakfast Bar,Ceiling Fan(s),Chandelier,Double Vanity,Ceiling-High,Kitchen Island,Walk-In Closet(s) |
|---|---|
| Flooring | Tile,Wood |
| Window Features | Window Coverings |
| Half Baths | 1 |
| Total Bedrooms | 5 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Builder |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | Balcony,Barbecue,Gas Grill |
|---|---|
| Fencing | Partial |
| Parking Features | Garage,Garage Door Opener |
| Lot Features | Cleared,Views |
| Water Source | Public |
| Total Parking | 4 |
| Foundation Details | Slab |
| Lot Size Acres | 0.146 |
| Waterfront Y/N | Yes |
| Covered Spaces | 2 |
| Horse Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78639
Price
Taxes
Year Built
Visits
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