About 508 Lake Street St
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.
Water Feature/View
| View |
Water,Lake LBJ
|
| Is Waterfront |
Yes
|
| Water Body |
Lake LBJ
|
Amenities of 508 Lake Street St
| Utilities |
Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected
|
| Features |
Gated, Lake
|
| Parking |
Garage
|
| # of Garages |
2
|
| Garages |
Garage Door Opener
|
Interior of 508 Lake Street St
| Interior |
Tile, Wood
|
| Appliances |
Built-In Oven, Built-In Refrigerator, Cooktop, Double Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator, Water Softener, Wine Refrigerator, Washer
|
| Heating |
Central, Electric, Heat Pump
|
| Fireplace |
No
|
| Stories |
Three Or More
|
Exterior of 508 Lake Street St
| Exterior Features |
Balcony, Barbecue, Gas Grill
|
| Lot Description |
Views, Cleared
|
| Roof |
Metal
|
| Construction |
Board & Batten Siding, HardiPlank Type, Spray Foam Insulation
|
| Foundation |
Slab
|
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Data Provided By: Cook Residential RE(512) 656-2964. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 22nd, 2026 at 9:18am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Map to 508 Lake Street St, Kingsland
