Private boat liftThree-story elevatorDesigner finishesHeated and chilled poolQuality craftsmanshipFully equipped outdoor kitchenExpansive outdoor gathering areas
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.
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Zillow last checked:
Listing updated:
Listed by:
Stacy E Alexander512-567-5653,
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
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
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 #178918Report a problem
Source: HLMLS as distributed by MLS GRID #174043Report a problem
7/1/2025
Listed for sale
$2,440,000$745/sqft
Source: HLMLS as distributed by MLS GRID #174043Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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