BEDS5
BATHS5 full 1 partial
SQUARE FEET4,028
MLS#1965612
STATUSNew
PROPERTY TYPEResidential - Single Family
SUBDIVISIONOUT-LLANO COUNTY
SCHOOLLlano ISD
Property Description
Located within The Drace, Kingslands 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 LBJs 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 Draces 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.
Property Features
Property Type: Residential - Single Family
Cooling: Three+ Central
Fireplaces: 1
Fuel Type: Electric
Heating: Central,3+ Units
Home Style: 3 or More, Texas Hill Country
Lot Size: 0.15 Acres
Roof Type: Metal
Stories: 3.0
Taxes: $1,600
Year Built: 2025
Feature Descriptions
Builder Name: KM CUSTOM HOMES
Days on Site: 4
Exterior: Covered Patio, Deck/Balcony, Sprinkler System, Has Gutters, Outdoor Kitchen, Boat House, Dock, Water Front Improved, Other - See Remarks
Exterior: Stone/Rock, Wood
Fireplace: One, Living Room
Flooring: Ceramic Tile, Vinyl
Foundation: Slab
Hoa Fee: 100/Monthly
HOA Mandatory: Yes
HOA Name: THE DRACE RESIDENTIAL COMMUNITY INC.
Home Faces: South
Improvements: Street Paved
Inclusions: Ceiling Fans, Washer Connection, Dryer Connection, Washer, Dryer, Refrigerator, Disposal, Wet Bar, Smoke Alarm
Interior: One Living Area, Liv/Din Combo, Island Kitchen, Walk-In Pantry, Utility Room Inside, High Ceilings, Open Floor Plan, Laundry Main Level, Laundry Room, Walk in Closets
Lot: Lakefront
Lot Dimensions: 40 X 167 X 40 X 163
Miscellaneous: M.U.D., Under Construction, Cluster Mail Box
Multiple HOA: No
Neighborhood Amenities: Controlled Access, Waterfront Access, Boat Ramp, Boat Dock, Other - See Remarks
Parking: Two Car Garage, Attached
Pool/Spa: In Ground Pool
Swimming Pool: Yes
Tax By Multiple Counties: No
Type: Single Family Detached
Water/Sewer: Other
Windows: All Remain
Room Sizes
Bedroom 2: 14 X 11
Bedroom 3: 14 X 11
Bedroom 4: 11 X 10
Bedroom 5: 13 X 12
Kitchen: 10 X 15
Dining Room: 10 X 9
Living Room: 18 X 26
Utility Room: 10 X 8
E X try: 13 X 12
Family Room: 22 X 9
Balcony: 6 X 16
Balcony: 6 X 7
Local Schools
High School: Llano
Middle School: Llano
Elementary School: Llano
School District: Llano ISD
Listed By / Shown By
Listed By
Agency Name: RE/MAX Horseshoe Bay Resort Sales Co.
Agency Phone: (830) 598-8726
Shown By
Agency Title: Kelly, Realtors
Agency Phone: (254) 741-1500
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimate Your Payment
Estimated Payment
$ 7,181.59 per month $6,231.59 Principal & Interest $133.33 Property Tax $816.67 Homeowner's Insurance
516 Lake St | MLS# 1965612
This single family home located at 516 Lake St, Kingsland, TX 78639 is currently listed for sale with an asking price of $2,800,000. This property was built in 2025 and has 5 bedrooms and 5 full and 1 partial baths with 4028 sq. ft. Lake St is located in the OUT-LLANO COUNTY subdivision within the Llano ISD school district. Search OUT-LLANO COUNTY real estate on www.kellyrealtors.com today.