THE HOME, IN THE LISTING AGENT’S WORDS
A closer look.
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.
Read the full description
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.
THE DETAILS THAT SHAPE YOUR DAY
Reported property facts
- Property type
- Residential
- Property subtype
- Single Family Residence
- Bedrooms
- 5
- Bathrooms
- 5
- Full bathrooms
- 4
- Half bathrooms
- 1
- Living area
- 3,275 (units not reported)
- Lot acres
- 0.146
- Year built
- 2025
- Parking spaces
- 4
- Garage spaces
- 2
Schools reported in the listing
- High schoolLlano
- Middle schoolLlano
- DistrictLlano ISD
- ElementaryPacksaddle
Verify assignment with the relevant district for the exact address, program and school year. These source-reported names are not ratings or an enrollment guarantee.
Features & finishes
lot
Cleared · Views
pool
Heated · In Ground · Pool/Spa Combo
roof
Metal
view
Water
patio
Covered · Deck · Patio
sewer
Public Sewer
levels
Three Or More
cooling
Central Air · Heat Pump
fencing
Partial
heating
Central · Electric · Heat Pump
parking
Garage · Garage Door Opener
exterior
Balcony · Barbecue · Gas Grill
flooring
Tile · Wood
interior
Built-in Features · Breakfast Bar · Ceiling Fan(s) · Chandelier · Double Vanity · Ceiling-High · Kitchen Island · Walk-In Closet(s)
security
Smoke Detector(s)
community
Gated · Lake
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
waterfront
Waterfront
water Source
Public
construction
HardiPlank Type · Spray Foam Insulation · Board & Batten Siding
accessibility
Accessible Elevator Installed
