508 Lake Street ST, Kingsland TX 78639
Kingsland, TX 78639 · Drace
Single Family Residence for sale in Drace
Overview
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.
Financial Info
- Price
- $860,000
- $ / Sqft
- $263
- HOA
- Yes - Mandatory / $100 / Monthly
- HOA Name
- THE DRACE RESIDENTIAL COMMUNITY, INC.
- HOA Includes
- See Remarks
- Tax Rate
- 1.21%
- Est. Taxes
- $19,857.71
- Tax Year
- 2025
- Exemptions
- See Remarks
Legal Info
- Address
- 508 Lake Street ST
- County
- Llano
- City
- Kingsland
- State
- TX
- Zip
- 78639
- Subdivision
- Drace
- Legal Description
- THE DRACE LT 27 0.146 AC
- Parcel
- 0508
Interior Features
- Floor
- Tile, Wood
- Num Living
- 1
- Dining
- 1
- Kitchen
- Breakfast Bar, Kitchen Island
- 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
- Laundry
- Laundry Room, Main Level, Upper Level
- Master Bed
- Double Vanity, Walk-In Closet(s)
- Master Main
- Yes
- Interior Features
- Built-in Features, Breakfast Bar, Ceiling Fan(s), Chandelier, Double Vanity, High Ceilings, Kitchen Island, Walk-In Closet(s), Smoke Detector(s), Window Coverings
General Info
- Beds
- 5 Total / 2 Main Level / 3 Other Level
- Full / Half Baths
- 4 / 1
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 3
- Year Built
- 2025 / New
- Square Feet
- 3,275 / Builder
- Garages
- 2
- Garage Desc
- Garage, Garage Door Opener
- Foundation
- Slab
- Roof
- Metal
- Construction
- HardiPlank Type, Spray Foam Insulation, Board & Batten Siding
- Acres
- 0.15
- Lot Description
- Cleared, Views
- Restrictions
- Deed Restrictions
- Flood Plain
- See Remarks
- View
- Water
- Water Access
- Yes
- Waterfront
- Yes
- Area
- LL
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected
- Heat
- Central, Electric, Heat Pump
- A C
- Central Air, Heat Pump
Exterior Features
- Fence
- Partial
- Exterior Features
- Balcony, Barbecue, Gas Grill, Covered, Deck, Patio
- Pool On Property
- Yes
- Area Amenities
- Gated, Lake
Rooms
Second level
- Primary Bedroom
Ceiling Fan(s), Dual Vanity, Full Bath, High Ceilings, Separate Shower, Soaking Tub, Walk-In Closet(s), Walk-in Shower
- Kitchen
Butler Pantry, Center Island, Quartz Counters, Open to Family Room, Recessed Lighting
- Living Room
Chandelier, High Ceilings, Recessed Lighting, Smart Thermostat
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Oct 14, 2026 | Price Decrease | $860,000−$40,000 (−4.4%) | −$40,000 (−4.4%) |
| Jul 31, 2026 | New Listing | — |
Taxes
Schools
School Info
- District
- Llano ISD
- Elementary
- Packsaddle
- Middle
- Llano
- High
- Llano
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
Estimated monthly payment
$6,721 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $6,721
- Principal & interest
- $4,349
- Property taxes
- $1,655
- Homeowners insurance
- $717
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $688,000 | $7,690 | $44,494 | $680,310 | |
| 2 | $680,310 | $8,205 | $43,979 | $672,105 | |
| 3 | $672,105 | $8,754 | $43,429 | $663,351 | |
| 4 | $663,351 | $9,341 | $42,843 | $654,010 | |
| 5 | $654,010 | $9,966 | $42,217 | $644,044 | |
| 6 | $644,044 | $10,634 | $41,550 | $633,410 | |
| 7 | $633,410 | $11,346 | $40,838 | $622,064 | |
| 8 | $622,064 | $12,106 | $40,078 | $609,958 | |
| 9 | $609,958 | $12,917 | $39,267 | $597,041 | |
| 10 | $597,041 | $13,782 | $38,402 | $583,260 |
- Year 1$680,310
- Principal paid
- $7,690
- Interest paid
- $44,494
- Starting balance
- $688,000
- Year 2$672,105
- Principal paid
- $8,205
- Interest paid
- $43,979
- Starting balance
- $680,310
- Year 3$663,351
- Principal paid
- $8,754
- Interest paid
- $43,429
- Starting balance
- $672,105
- Year 4$654,010
- Principal paid
- $9,341
- Interest paid
- $42,843
- Starting balance
- $663,351
- Year 5$644,044
- Principal paid
- $9,966
- Interest paid
- $42,217
- Starting balance
- $654,010
- Year 6$633,410
- Principal paid
- $10,634
- Interest paid
- $41,550
- Starting balance
- $644,044
- Year 7$622,064
- Principal paid
- $11,346
- Interest paid
- $40,838
- Starting balance
- $633,410
- Year 8$609,958
- Principal paid
- $12,106
- Interest paid
- $40,078
- Starting balance
- $622,064
- Year 9$597,041
- Principal paid
- $12,917
- Interest paid
- $39,267
- Starting balance
- $609,958
- Year 10$583,260
- Principal paid
- $13,782
- Interest paid
- $38,402
- Starting balance
- $597,041
Nearby
Courtesy of Cook Residential RE · (512) 656-2964
Listings courtesy of ACTRIS as distributed by MLS GRID.