Only 2 Open Water Lots Remaining at The Drace! This unique waterfront lot has 58ft of open waterfront and 200ft of channel waterfront; located within The Drace, Lake LBJ's premier new waterfront development, perfectly situated in the heart of Kingsland and near the confluence of the Llano and Colorado arms of Lake LBJ. The Drace features a stunning gated entrance off of RR 1431, boat trailer and overflow parking, community boat ramp, all underground utilities, and fiber optic internet. Construction of the development is nearing completion and many gorgeous new homes are under construction. This is your opportunity to reserve your spot on the coveted Colorado Arm of Lake LBJ, with no timeline requirement to start the construction of your home. In total, The Drace features 10 open water lots, 29 channel lots, and 8 off-water lots with dedicated boat slips. The Drace is not builder restricted, so you can bring your own builder and short-term-rentals are approved. If you are not ready to build your home, owners within The Drace are able to build their boat dock first to start enjoying their waterfront. All of the open waterfront lots are northern facing and from this location, you can walk to Hoopers Restaurant and Bar, as well as the new Junction Prime Steakhouse! The quality and depth of the water in front of this lot is some of the best that Lake LBJ has to offer; with only 2 open water lots remaining, this opportunity won't last long!
Lot/land
$1,290,000
40 Lake Street, Kingsland, TX 78639
--beds
--baths
0.44Acres
Lots (Up to 9.9 Acres), Land
Built in ----
0.44 Acres Lot
$-- Zestimate®
$--/sqft
$100/mo HOA
What's special
Unique waterfront lot
- 849 days |
- 29 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Andy Virdell 512-720-1454,
Landmasters Real Estate,
Natalie Virdell 512-940-6918,
Landmasters Real Estate
Source: HLMLS as distributed by MLS GRID,MLS#: 167848
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Open Water, Lake LBJ
- Frontage length: 258
Lot
- Size: 0.44 Acres
- Dimensions: 70 x 262
Details
- Parcel number: 077707
Utilities & green energy
- Sewer: MUD Sewer
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: The Drace
HOA
- Has HOA: Yes
- HOA fee: $100 monthly
Location
- Region: Kingsland
Financial & listing details
- Date on market: 3/12/2024
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,364/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Price change | $1,290,000-4.4% |
Source: | ||
| 3/12/2024 | Listed for sale | $1,350,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 78639
Nearby schools
GreatSchools rating
- 4/10Packsaddle Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 6/10Llano Junior High SchoolGrades: 6-8Distance: 15.2 mi
- 6/10Llano High SchoolGrades: 9-12Distance: 15.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Llano County
- Kingsland
- 78639
- 40 Lake Street






