Set on the constant level waters of Lake LBJ, 420 Lake Street presents a refined new construction residence within The Drace, Kingsland's most exclusive gated waterfront enclave. With 3,966 square feet of thoughtfully curated space, five bedrooms, and 5.5 baths, and from the covered pool terrace to the private boat/PWC dock below, every level of this residence is designed to elevate life on the water. The main living level unfolds in an open floor plan, centered around a marble fireplace and surrounded by expansive windows that blur the line between indoors and out. The kitchen is designed to impress and perform, with custom cabinetry, quartz countertops, a 48 inch gas range, double ovens, and a well appointed butler's pantry with wine storage. Upstairs, four private guest suites include a custom bunk room with four built in beds, plus a lounge. Outdoor spaces are covered for year round enjoyment and include a swimming pool, outdoor kitchen, and multiple balconies. An elevator connects all levels, while modern conveniences include an EV charging station and a comprehensive security system. The Drace amenities include a private boat ramp and overflow parking for vehicles and trailers, supporting both full time living and short term rental use. This home was built to modern elevation standards and is situated outside the flood plain, eliminating the need for mandatory flood insurance, offering peace of mind and significant annual savings, plus serving as a major asset for future resale value.