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.
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.
Essential Information
- MLS Number
- 5022839
- Status
- Active
- Days on Market
- 98
- Annual Taxes
- $19,858
- Price / Sq Ft
- $263
- Main-Level Bedrooms
- 2
- Full Baths
- 4
- Half Baths
- 1
- Courtesy of
- Cook Residential RE (512) 656-2964
Interior & Systems
- Appliances
- Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Refrigerator, Washer/Dryer, Gas Water Heater, WaterSoftener, Wine Refrigerator
- Heating
- Central, Electric, Heat Pump
- Cooling
- Central Air, Heat Pump
- Interior Features
- Built-in Features, Breakfast Bar, Ceiling Fan(s), Chandelier, Double Vanity, High Ceilings, Kitchen Island, Walk-In Closet(s)
- Flooring
- Tile, Wood
- Fireplaces
- 0
- Levels
- Three Or More
Community & Amenities
- Subdivision
- Drace
- City
- Kingsland
- County
- Llano
- HOA
- THE DRACE RESIDENTIAL COMMUNITY, INC.
- HOA Fee
- $100 / Monthly
- Pool
- Yes
- Waterfront
- Yes
- Community Features
- Gated, Lake
Exterior & Lot
- Roof
- Metal
- Foundation
- Slab
- Exterior Features
- Balcony, Barbecue, Gas Grill
- Lot Features
- Cleared, Views
- Patio / Porch
- Covered, Deck, Patio
- Fencing
- Partial
- Parking Features
- Garage, Garage Door Opener
- Other Structures
- Boat House
School Information
- Elementary School
- Packsaddle
- Elementary District
- Llano ISD
- Middle School
- Llano
- Middle District
- Llano ISD
- High School
- Llano
- High District
- Llano ISD
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