** ONE OF ONE ** - an architectural dream where high-level luxury design meets effortless lakefront living. Welcome to a truly exceptional estate bringing the iconic feel of Lake Austin to the coveted shores of Lake LBJ. Located within the exclusive, gated Drace waterfront community, this residence offers a rare blend of modern design, comfort, & investment potential. Included are $150,000 in designer furnishings that convey with the sale. Spanning 4,472 SqFt, the home features 5 spacious bedrooms, each with its own ensuite, plus a half bath and full outdoor bath for seamless indoor-outdoor living. Soaring 24-foot ceilings define the main living & kitchen area, where walls of glass frame breathtaking lake views and fill the space with natural light. The home flows into a stunning dining room that appears to float above the water, complemented by a full bar-perfect for entertaining. Outside, enjoy a resort-style oasis featuring, a beautiful pool, built-in outdoor kitchen for lakeside dining, jacuzzi, 50 feet of open waterfront, private dock with two boat lifts, & a rooftop deck. Additional highlights include elevator access, energy-efficient features, window coverings, Sonos audio, and short-term rental eligibility. As part of the Drace community, residents enjoy a private boat ramp, marina, and trailer parking. Combined with the constant water levels of Lake LBJ, this property represents a rare opportunity to own a premier, long-term lakefront investment. This is more than a lake home. It is a statement.