Swift water rescue teams are being sent to Llano and Kingstead, as people are being evacuated from vulnerable areas in Llano and Marble Falls and other parts of Central Texas. Major flood stage is 23 feet (7 meters), and the river isn't expected to drop below that stage until Wednesday. The water level there rose to just under 40 feet (12 meters) but fell as the morning progressed and settled at little more than 35 feet (11 meters) as of 11 a.m. Tuesday, the weather service said.
Emergency managers in Llano County, about 65 miles northwest of Austin, welcomed the forecast but said it's not yet safe for residents to return home.
In the video below, you can see the moment that the bridge collapsed.
The lake is situated where the Llano (LA'-noh) and Colorado rivers meet.
Water levels along the Llano River at Llano have subsided but are still well above major flood stage.
A flash flood warning was in effect for Llano, Fredericksburg and Kingsland until 3:30 p.m. local time.
Residents were evacuated from homes in Kingsland and in nearby Marble Falls, which was being overwhelmed by the Colorado River.
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In response to the severe weather, Gov. Greg Abbott issued a disaster declaration for 18 counties: Bastrop, Burnet, Colorado, Fayette, Hood, Jim Wells, Kerr, Kimble, La Salle, Live Oak, Llano, Mason, McMullen, Nueces, Real, San Patricio, Travis and Williamson.
Four people were washed away last week when the South Llano River, which becomes the Llano River downstream, overran an RV park in Junction, Texas.
Officials say the body was recovered in Llano Tuesday night.
The flooded communities are about a 90-minute drive northwest of Austin.
Torrential rain has fallen across central Texas for two days with Llano County being deluged by 30.5cm (12 inches) of water.
The Llano River's crest of 39.91 feet in Llano was just below the record high of 41.5 feet there in June 1935. At least one fatality is suspected to have been caused by the flooding; local news reported a body had been found "related to the flooding".