This brand new, 5021 sqft, 3 story, waterfront home equipped with your own private elevator and covered boat dock is located in an exclusive gated community, The Drace in Kingsland, TX. With room for 20 guests, oversized chef's kitchen, heated pool/spa, and game room, this property is the perfect location to host large events and holidays! Situated on one of the premier lakes in the hill country, Lake LBJ, this 13 acre gated, constant level lakeside community features just 46 home sites. The Prize Property, 525 Lake Street, Kingsland, TX is 1 of only 10 homes located on open waterfront! In addition to water activities, you’ll enjoy nearby vineyards, restaurants, and the world-renowned golf community of Horseshoe Bay with a total of 3 courses designed by Robert Trent Jones, Sr. as well as a full-service lakeside Spa. Finally, The Drace is a short-term rental friendly community making the Prize Property an opportunity for the Winner to own a income generating property! Whether you plan to relocate, keep it as a vacation home, or rent, 525 Lake Street is a Prize that is sure to wow you and your guests! The Prize for this sweepstakes awards the winner the right to enter into a purchase contract for $1 (with all title and closing costs paid by us) for the 5,021 sqft Lake LBJ Waterfront Home located at 525 Lake Street, Kingsland, TX in the Private community of The Drace, valued at $4 Million! A secondary optional prize in lieu of the home is the sum of $1 Million dollars in cash! There will be a winner no matter what! If the minimum ticket threshold is not met, a winner will still be chosen at the end. The winner will receive 50% of the funds that are in the pot for sold tickets! This home is staged for photos and is awarded unfurnished. For additional rules, FAQ visit https://www.facebook.com/profile.php?id=61580846321940 Bedrooms & Bathrooms • Bedrooms: 6 • Bathrooms: 7 • Full bathrooms: 6 • 1/2 bathrooms: 1 • Sleeps: 20 Rooms • Room types: Bonus Room, Bunk Room, Dining Room, Family Room, Foyer, Game Room, Great Room, Kitchen, Laundry, Living Room, Utility Room Inside, Media Room Heating • Central, Electric Cooling • Central Air Appliances • Included: Commercial Stove, Disposal, Microwave, Gas Range, Refrigerator, Trash Compactor Features • Bonus Bath, Breakfast Bar, Coffered Ceiling(s), Pantry • Flooring: Carpet, Stained Concrete • Has fireplace: No • Stories: 3 • Patio & porch: Covered • Has private pool: Yes • Pool features: Heated, In Ground, Private • Has spa: Yes • Spa features: Hot Tub, Bath • Fencing: Wrought Iron • Has view: Yes • View description: Hill Country, Lake, Panoramic • Has water view: Yes • Water view: Lake • Waterfront features: Open Water, Lake LBJ • Frontage length: 50 • Boat and Jet Ski Amenities: 1 Covered Electric Boat Lift that Accommodates Pontoon Boats, V - Hull, Wake surf Boats and Pontoon boats up to 23’ Long, 9' Wide, 6,500lb Capacity. 1 Uncovered Electrical Double Jet Ski Lift with Composite Decking. • Boat Slip Water Depth: 9ft • Unfurnished Parking • Total spaces: 3 • Parking features: 3+ Car Attached Garage • Has attached garage: Yes Lot • Number: 44 • Size: 0.27 Acres • Dimensions: 50 x 210 • Features: Landscaped • Parcel number: 082164 Type & Style • Home type: Single Family • Architectural style: Contemporary • Property subtype: Single Family Residence, Residential Materials • Wood Siding, HardiPlank Type, Stone, Stucco • Foundation: Slab • Roof: Metal Condition • Year built: 2024 Community • Security: Smoke Detector(s) • Subdivision: The Drace • Short-Term Rental: Yes HOA • Has HOA: Yes • HOA fee: $100 monthly Location • Region: Kingsland, TX • Distance to Austin Airport: 1hr 22min • Distance to San Antonio Airport: 1hr 33min