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.
Features of 508 Lake Street St
| MLS® # | 5022839 |
|---|---|
| Price | $900,000 |
| Bedrooms | 5 |
| Bathrooms | 5.00 |
| Full Baths | 4 |
| Half Baths | 1 |
| Square Footage | 3,275 |
| Acres | 0.15 |
| Year Built | 2025 |
| Type | Single-Family |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 508 Lake Street St |
|---|---|
| Area | LL |
| Subdivision | Drace |
| City | Kingsland |
| County | Llano |
| State | TX |
| Zip Code | 78639 |
Amenities
| Utilities | Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected |
|---|---|
| Features | Gated, Lake |
| Parking | Garage |
| # of Garages | 2 |
| Garages | Garage Door Opener |
| View | Water,Lake LBJ |
| Is Waterfront | Yes |
| Waterfront | Waterfront |
| Has Pool | No |
Interior
| Interior | Tile, Wood |
|---|---|
| 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 |
| Heating | Central, Electric, Heat Pump |
| Fireplace | No |
| Stories | Three Or More |
Exterior
| Exterior Features | Balcony, Barbecue, Gas Grill |
|---|---|
| Lot Description | Cleared, Views |
| Roof | Metal |
| Construction | Board & Batten Siding, HardiPlank Type, Spray Foam Insulation |
| Foundation | Slab |
School Information
| District | Llano ISD |
|---|---|
| Elementary | Packsaddle |
| Middle | Llano |
| High | Llano |
Additional Information
| Date Listed | July 31st, 2026 |
|---|---|
| Days on Market | 24 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 100 |
| HOA Fees Freq. | Monthly |
Listing Details
| Agent | Stacy Alexander |
|---|---|
| Office | Cook Residential RE |