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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 2,800,000

Est. payment -/mo

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Open Sat 11AM-2PM

516 Lake St. Kingsland, TX 78639

5 Beds

5.5 Baths

4,028 SqFt

Open House

Sat May 09, 11:00am - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,028 sqft

Price per Sqft $695

Subdivision The Drace

MLS Listing ID HLM177816

Style Other

Bedrooms 5

Full Baths 5

Half Baths 1

Year Built 2025

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 40 x 167 x 40 x 163

Property Sub-Type Single Family Residence

Source highland

Property Description

Located within The Drace, Kingsland's premier gated waterfront enclave, the new construction residence at 516 Lake St. offers a balance of modern lake living and flexible, guest-friendly spaces. Positioned in one of Lake LBJ's most desirable vacation destinations, the property presents strong investment potential, with projected rental income exceeding $100K annually based on comparable nearby homes of similar size and amenities. Spanning 4,028 sq. ft. with five bedrooms and 5.5 baths, the home is well-suited as both a private retreat and income-producing property with a private pool, covered outdoor living, multiple decks and balconies, and a private boat dock to enjoy. The open-concept main level features a spacious living, dining, and kitchen area anchored by a waterfall island, along with a wet bar just off the main living space for easy entertaining. Two guest suites on this level offer flexibility for multi-family stays or guests who prefer main-level access, while upstairs, the primary suite offers a private retreat with its own balcony. An additional lounge area with built-in bunk beds expands sleeping capacity without sacrificing comfort. An elevator provides convenient access between levels, while the garage is equipped for electric vehicle charging—adding everyday ease for owners and guests alike. The Drace's private boat ramp and overflow/trailer parking enhance both convenience and rental appeal, making this property a strong opportunity for those seeking a luxury waterfront home on Lake LBJ.

Location

State TX

County Llano

Zoning RES

Interior

Interior Features High Ceilings, Audio System, Wet Bar, Elevator, Pantry, Recessed Lighting, Walk-In Closet(s), Quartz Countertops

Heating Central

Cooling Central Air

Flooring Hard Tile, Vinyl

Fireplaces Type One

Appliance Dishwasher, Dryer, Disposal, Ice Maker, Microwave, Refrigerator, Washer, Washer Hookup, Electric Water Heater, Water Softener

Exterior

Exterior Feature Balcony, Rain Gutters, Sprinkler System

Parking Features 2 Car Attached Garage, Front Entry

Fence None

Pool Gunite, Heated, In Ground, Private

Waterfront Description Channel

View Hill Country, Lake

Roof Type Metal

Building

Story 3

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Wood Siding,Stone

Schools

School District Llano

Others

Virtual Tour https://shutterbugstudios.hd.pics/516-Lake-Street/idx

Listed by RE/MAX HORSESHOE BAY RESORT SA

NEARBY SCHOOLS & PROPERTIES

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

516 Lake St. Kingsland, TX 78639

Open House

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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516 Lake St.