5 bed, 4 bath, 3,275 sqft on 0.15 acres in Kingsland. Kingsland, TX 78639. $860,000. Llano ISD.
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 Type
- Residential
- Year Built
- 2025
- Lot Size
- 0.15 acres
- Price / Sq Ft
- $263
- HOA
- $100/mo
- Garage
- 2 spaces
- Pool
- Yes
Listing information last updated October 14, 2026.
Listed by Cook Residential RE
MLS# 5022839 • Active
IDX inquiries: Keenan Group at Compass · (512) 415-7653
Highlights
Facts & Features
Interior
- Built-in Features
- Breakfast Bar
- Ceiling Fan(s)
- Chandelier
- Double Vanity
- Ceiling-High
- Kitchen Island
- Walk-In Closet(s)
- Built-In Oven(s)
- Built-In Refrigerator
- Cooktop
- Dishwasher
- Disposal
- Gas Cooktop
- Microwave
- Double Oven
- Refrigerator
- Washer
- Dryer
- Water Heater
- Water Softener
- Wine Refrigerator
- Tile
- Wood
- Heating
- Central,Electric,Heat Pump
- Cooling
- Central Air,Heat Pump
Exterior & Lot
- Balcony
- Barbecue
- Gas Grill
- Hardi
- Plank Type
- Spray Foam Insulation
- Board & Batten Siding
- Cleared
- Views
- Partial
- Slab
- Covered
- Deck
- Patio
- Roof
- Metal
- Lot Size
- 0.15 Acres
- Garage
- Garage Door Opener
- Garage Spaces
- 2
- Pool
- Yes
- Waterfront
Financial
- HOA Fee
- $100 / mo
- Original List Price
- $900,000
- Price per Sq Ft
- $263
Utilities
- Electricity Connected
- Propane
- Sewer Connected
- Underground Utilities
- Water Connected
- Water Source
- Public
- Sewer
- Public Sewer
Transaction History
1 record on file
Every recorded listing, sale, and lease at 508 Lake Street, whoever represented it.
- ActiveListed 2026Current price: $860,000Original list: $900,000MLS 5022839
- Listed · July 31, 2026$900,000
- Price changed · October 14, 2026$860,000
Prices shown are list prices. Closed sale prices are available to registered clients in accordance with ACTRIS rules.
Price & Listing History
Price Change with current price, original ask, and market time.
- Current list
- $860,000
- Original list
- $900,000
- Price movement
- $40K reduction
- Listed / DOM
- Jul 31, 2026 · 76 days
Virtual Tour
Zoned Schools
Llano ISD
Llano
Llano
Packsaddle
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility.
Excluded from this estimate: property taxes and home insurance. Each requires verified amount, cadence or unit, source, and as-of details.
HOA source: MLS Grid / Unlock MLS, as of 2026-10-15T15:12:07.609+00:00; normalized from monthly dues.
20% ($172K)
Adjustable assumption - not a lending recommendation.
$860,000
Luxury property intelligence
Keenan Market Position
A sourced read on Kingsland pricing, timing, and property scale. No automated valuation claim.
List price
$860,000
Price per sqft
$263/sqft
Vs. Neighborhood guide reference price
Not available
Days on market
76 days
Original to current
$40K reduction
$900K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of Oct 15, 2026.
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