$860,000

About this home

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.

Description provided by the listing brokerage.

Facts

Property type

Residential · Single Family Residence

Year built

2025

Lot size

0.15 acres

Living area

3,275 sq ft

Price per sq ft

$263

Bathrooms

4 full, 1 half

Garage

2 spaces

HOA

$100 (monthly)

Annual taxes

$19,858

County

Llano

Neighborhood

Drace

School district

Llano ISD

Schools

Packsaddle · Llano · Llano

Features

Roof

Metal

View

Water

Sewer

Public Sewer

Levels

Three Or More

Cooling

Central Air, Heat Pump

Fencing

Partial

Heating

Central, Electric, Heat Pump

Flooring

Tile, Wood

Utilities

Electricity Connected, Propane, Sewer Connected, Underground Utilities, Water Connected

Appliances

Built-In Oven(s), Built-In Refrigerator, Cooktop, Dishwasher, Disposal, Gas Cooktop, Microwave, Double Oven, Refrigerator, Washer/Dryer, Water Heater, Water Softener, Wine Refrigerator

Lot

Cleared, Views

Water

Public

Pool

Heated, In Ground, Pool/Spa Combo

Horse amenities

None

Windows

Window Coverings

Parking

Garage, Garage Door Opener

Exterior

Balcony, Barbecue, Gas Grill

Interior

Built-in Features, Breakfast Bar, Ceiling Fan(s), Chandelier, Double Vanity, Ceiling-High, Kitchen Island, Walk-In Closet(s)

Community

Gated, Lake

Foundation

Slab

Waterfront

Waterfront

Energy efficiency

Other/See Remarks

Accessibility

Accessible Elevator Installed

Construction

HardiPlank Type, Spray Foam Insulation, Board & Batten Siding

Patio & porch

Covered, Deck, Patio

Location