Real Estate Photographer in Kingsland, TX

Dreaming of your own slice of Lake LBJ paradise? A brand-new, three-story waterfront home in Kingsland — 65 miles northwest of Austin — valued at $4 million, could be yours for the price of a lunch outing.

Yes, that’s right, enter a sweepstakes and you might win the keys to a 5,021-square-foot, luxury lakeside retreat featuring your own private elevator, covered boat dock, heated pool and spa and room to host 20 guests. The prize property at 525 Lake Street is located in The Drace, a 13-acre gated, short-term rental-friendly community on one of the Texas’ premier lakes.

With 46 home sites but only 10 on open waterfront, the home offers panoramic water views from all three levels, two-story covered boat docks with lifts, and access to nearby vineyards, restaurants and the world-renowned Horseshoe Bay golf community.

Ryan Klebba, who co-manages the property with his architect-designer wife Mallory, told Hill Country Digital, "This is a brand-new home. It’s never been lived in. It’s a dream home… It’s just a property that’s going to really do something grand for someone."

The Lake LBJ waterfront sweepstakes is part of a growing trend among Hill Country property owners experimenting with creative sales methods instead of traditional listings. This summer, Jason and Katy Ballard turned to the U.K.-based platform Raffall to offer their 76.06-acre ranch near Mason, Texas, through a sweepstakes model. A few weeks prior, 46 acres of the Yurtopian Hill Country Resort, a scenic retreat featuring hand-painted yurts, private hot tubs, and rooftop decks, was also listed on Raffall.

Klebba said he was inspired by these non-traditional approaches, recognizing that sweepstakes could open the luxury real estate market to a far broader audience. Rather than relying on conventional sales channels, this method allows everyday participants the chance to win a multimillion-dollar property without the barriers of standard purchasing.

"If you think about someone being able to afford a $4 million home, that’s a very small bracket," Klebba said. "This changes everything and gives access to anyone who wants to participate."

The sweepstakes format comes after a wave of blowback in Texas over raffles, which are tightly regulated under the state’s Charitable Raffle Enabling Act. Raffles require a purchase for entry, classifying them as a form of lottery and gambling. That designation bans cash prizes and subjects raffles to strict gaming laws.

By contrast, sweepstakes are treated as promotional contests and carry far fewer restrictions. The key difference, no purchase is required to enter or win. Participants must be offered a free alternative entry method, a requirement set by both state and federal law. That distinction makes sweepstakes easier to conduct in the Lone Star State while still offering multimillion-dollar prizes.

The sweepstakes closes February 28, 2026, at 5:15 p.m., or when the last ticket is sold. The home is staged for photos and awarded unfurnished.

So, whether you’re looking to relocate, vacation or rent for income, this Lake LBJ waterfront home offers an unprecedented opportunity of luxury living without the luxury price tag.

Find it: 525 Lake St., Kingsland, TX 78639