For Sale House MLS# ACT5388435

502 GraceLane Ln

Austin, TX 78746

$2,200,000

Take the tour

About 502 GraceLane Ln

MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK INVESTMENT/BUILDER OPPORTUNITY: No Zoning Restrictions Escape the ordinary and enter a realm of enchantment at 502 Grace Lane. Nestled in the Eanes Independent School District, this sprawling property boasts breathtaking canyon views and ancient forests. The possibilities are endless. The property itself is a wonderland. A comfortable 2500 sq ft main house offers a perfect sanctuary, while a charming duplex and a quaint guest house provide additional space or income potential. Cascading tiers lead down to a mesmerizing creek, all encompassed by pristine woodlands. This legal tract is a blank canvas for your vision. Whether you seek a sprawling estate, a community haven, or a source of income, the choice is yours. Since the 1970s, the property has enjoyed freedom from zoning restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and potential for MUD districts ensure convenience and self-sufficiency. Three structures totaling 5000 sq ft await your arrival. 2500 sq ft home, 2 bed 1 bath duplex 1500 sq ft. and 500 sq ft guest house.

Property details

Property

Type
Single Family Residence
MLS type
Residential
Status
Active
Year built
1978
Stories
Two
Living area
5,000 sqft
Price / sqft
$440
Lot
3.74 AC / 162,914 SF
Full baths
5
Original price
$2,250,000
MLS #
5388435

Interior

Heating
Central
Cooling
Central Air
Fireplaces
1
Laundry
Laundry Closet

Exterior & lot

Roof
Shingle
Lot
Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
Fence
Wood
View
Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
Waterfront
Creek, Dry/Seasonal
Parking
Detached Carport, Garage
Garage spaces
2

Schools

District
Eanes ISD
Elementary
Forest Trail
Middle
West Ridge
High
Westlake

Utilities

Utilities
Electricity Connected, Natural Gas Available
Water
Well
Sewer
Septic Tank

Financial

Annual tax
$5,484
Tax year
2025
Parcel
534871
Legal
IMPS ONLY ABS 734 SUR 499 SERGEANT W ACR 3.752
Special conditions
Standard

Location

Subdivision
Rob Roy West
County
Travis
Directions
Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.

Location

Neighborhood
Rob Roy West

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Listed by Beth Sher, Christies Intl Real Estate Lone Star

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.