516 Lake Street is a new construction waterfront home in The Drace, Kingslands new luxury gated waterfront community. Spanning 4,028 sq. ft. with 5 bedrooms and 5.5 bathrooms, the home boasts an elevator, an electric vehicle charging station, and a six-camera security system for peace of mind, whether you are home or away. The main floor showcases an open floor plan that enhances the flow of space throughout the living and dining areas, highlighted by floor-to-ceiling windows and sliding doors that connect the indoor and outdoor environments. This level also includes two guest suites and a wet bar area for entertaining. Upstairs, youll find the luxurious primary suite, which boasts a private balcony, alongside two additional guest suites and a lounge area with 2 built-in bunk beds and balcony. The private boat dock guarantees access to the lake at your convenience, while the private pool, outdoor kitchen, and multiple outdoor living spaces create the perfect environment for memorable gatherings. The Drace community elevates the experience with outstanding amenities, including a boat launch and extra parking for vehicles and boat trailers, making it an ideal choice for those interested in operating as a short-term rental. Dont miss this chance to claim your slice of paradise in an extraordinary community. Welcome home to 420 Lake St!