Why It May Not Have Sold

The following is speculative analysis based on publicly available market data. There are many reasons a home may not sell that aren't reflected in MLS data, including personal circumstances, property condition, title issues, or simply a change of plans. This analysis looks only at market positioning factors.

$464,448 Ed's Estimate: $2,530,574 $3,695,000
Lowest Comp Recommended List: $2,480,000 to $2,581,000 Highest Comp

Listing History

$2,700,000 List Price
$2,267,791 Comp Value
0 Price Reductions

This property was listed at $2,700,000 and withdrawn after 3 days on market. This listing activity factors into the valuation.

This home was listed at $2,700,000 and was on the market for 3 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $2,530,574. Here are some factors that may have played a role: At the time, there appear to have been 1 similar homes available at lower price points, which may have given buyers other options. At $681/sqft, the asking price was 65% above the area median, though there may have been upgrades or features not captured in the data. At 1,061 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 2 of 7 comparable sales didn't include one. 7 comparable transactions in DRACE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
5 Beds
6 Baths 5 Full, 1 Half
3,966 Sq Ft
0.144 Acres
2025 Built
2 Garage

About This Property

Set along the constant-level waters of Lake LBJ, 420 Lake Street is a refined new construction residence within The Drace, Kingsland’s premier gated waterfront enclave. Located in one of Lake LBJ’s most sought-after vacation destinations, the property offers strong investment potential, with a projected rental income exceeding $100K annually based on comparable nearby homes of similar size and amenities. Offering 3,966 sq. ft., five bedrooms, five full & 2 half baths, the home is equally suited as an income-producing property or a private retreat. Designed for gathering and entertaining, all outdoor living spaces are covered for year-round enjoyment, including the swimming pool, outdoor kitchen, expansive deck, multiple balconies, and a private boat dock. The open-concept main level is framed by walls of glass and anchored by a marble fireplace, while the chef’s kitchen features quartz countertops, a 48” gas range, double ovens, and a butler’s pantry with wine storage. Upstairs, four guest suites—including a custom bunk room and bonus lounge—maximize comfort and guest capacity. Situated outside the flood plain, the home eliminates the need for flood insurance—offering peace of mind, annual savings, and added value for future resale. The Drace’s private boat ramp and overflow/trailer parking enhance both ease of use and rental appeal, positioning this property as a standout opportunity for buyers seeking a luxury waterfront home that performs as beautifully as it lives.

Property Highlights

Pool In Ground, Outdoor Pool
Waterfront Lake LBJ · Canal Front, Waterfront

Features

  • Breakfast Bar
  • Ceiling Fan(s)
  • High Ceilings
  • Double Vanity
  • Elevator
  • Kitchen Island
  • Multiple Dining Areas
  • Open Floorplan
  • Pantry
  • Primary Bedroom on Main
  • Recessed Lighting
  • Soaking Tub
  • Storage
  • Walk-In Closet(s)
  • Washer Hookup

Location

Schools

School District Llano ISD
Elementary Llano
Middle School Llano
High School Llano

Property Details

Property Type Residential
Flooring Tile, Vinyl
Cooling Ceiling Fan(s), Central Air
Heating Central, Electric, Fireplace(s)
Exterior Balcony, Boat Dock - Private, Boat Lift, Exterior Steps, Gas Grill, Gutters Full, Outdoor Grill
County Llano
MLS # 9460290
Garage 2 spaces

HOA & Community

HOA Fee $100 /Monthly
HOA Includes Common Area Maintenance

Tax Information

Annual Taxes (MLS) $1,600 (2026)

Listing History

MLS# 9460290 3 days
Aug 27, 2026 Off Market
Aug 24, 2026 Listed $2,700,000

Frequently Asked Questions About 420 Lake ST, Kingsland TX 78639

When was 420 Lake ST, Kingsland TX 78639 built?

420 Lake ST, Kingsland TX 78639 was built in 2025.

How much does 420 Lake ST, Kingsland TX 78639 cost?

420 Lake ST, Kingsland TX 78639 is currently off market.

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