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 chilled 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.
For sale
$900,000
508 Lake Street, Kingsland, TX 78639
5beds
3,275sqft
Single Family Residence, Residential
Built in 2025
6,098 Square Feet Lot
$-- Zestimate®
$275/sqft
$100/mo HOA
What's special
Private boat liftDesigner finishesHeated and chilled poolQuality craftsmanshipFully equipped outdoor kitchenExpansive outdoor gathering areasTimeless design
- 60 days
- 1,344
- 98
Zillow last checked:
Listing updated:
Listed by:
Stacy E Alexander 512-567-5653,
Cook Residential RE
Source: HLMLS as distributed by MLS GRID,MLS#: 178918
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Dining Room, Foyer, Game Room, Kitchen, Laundry, Living Room, Storage Room, Utility Room Inside, Main Level Master Bdrm
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Microwave, Gas Range, Refrigerator, Washer, Washer Hookup, Gas Water Heater, Cooktop, Water Softener
Features
- Pantry, Recessed Lighting, Quartz Countertops
- Flooring: Ceramic Floor, Hardwood
- Attic: Improved Attic
- Has fireplace: Yes
- Fireplace features: Other
Interior area
- Total structure area: 3,275
- Total interior livable area: 3,275 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car Attached Garage, Front Entry
- Attached garage spaces: 2
Features
- Stories: 3
- Patio & porch: Covered, Patio
- Has private pool: Yes
- Pool features: Heated, In Ground, Private
- Fencing: Partial
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Channel, Lake LBJ
- Frontage length: 40
Lot
- Size: 6,098 Square Feet
- Dimensions: 40 x 159
Details
- Parcel number: 077694
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Steel Frame, Wood Siding, HardiPlank Type
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 2025
Utilities & green energy
Green energy
- Energy efficient items: Ceiling Fan(s), Heat Pump
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: The Drace
HOA
- Has HOA: Yes
- Amenities included: Marina
- Services included: Road Maintenance
- HOA fee: $100 monthly
Location
- Region: Kingsland
Financial & listing details
- Price per square foot: $275/sqft
- Date on market: 7/31/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Listed for sale | $900,000-62.9%$275/sqft |
Source:  HLMLS as distributed by MLS GRID #178918 Report a problem | ||
| 4/29/2026 | Listing removed | $2,425,000$740/sqft |
Source:  LERA MLS #1881817 Report a problem | ||
| 4/2/2026 | Price change | $2,425,000-0.4%$740/sqft |
Source: LERA MLS #1881817 Report a problem | ||
| 10/15/2025 | Price change | $2,435,000-0.2%$744/sqft |
Source: HLMLS as distributed by MLS GRID #174043 Report a problem | ||
| 7/1/2025 | Listed for sale | $2,440,000$745/sqft |
Source: HLMLS as distributed by MLS GRID #174043 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 78639
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