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  • $2,340,000

    502 Grace Ln, Austin, TX 78746

    8beds
    5,062sqft
    : 
    Single Family Residence
    Built in 1974
    3.75 Acres Lot
    $-- Zestimate®
    $462/sqft
    $-- HOA

    What's special

    Charming duplexMesmerizing creekSprawling propertyBreathtaking canyon viewsCascading tiersPristine woodlandsAncient forests
    INVESTMENT/BUILDER OPPORTUNITY IN TRAVIS COUNTY NOT IN THE ETJ: Seller Financing Option: 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. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 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 restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 2600 sq ft home, 2 bed 1 bath duplex and 500 sq ft guest house. MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLAT
    101 days
    on Zillow
    |
    449
    |
    23
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    Zillow last checked: 7 hours ago

    Listing updated: July 30, 2025 at 02:47pm

    Listed by:

    Beth Sher (512) 368-8078,

    Christie's Int'l Real Estate (512) 368-8078,

    Mary Anne McMahon (512) 947-9684,

    Christie's Int'l Real Estate

    Source: Unlock MLS,MLS#: 7556083MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 502 Grace Ln.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    • Full bathrooms: 5
    • 1/2 bathrooms: 1
    • Main level bedrooms: 3
    Primary bedroom
    • Features: None
    • Level: Second
    Primary bedroom
    • Features: None
    • Level: Second
    Primary bathroom
    • Features: None
    • Level: Second
    Kitchen
    • Features: Dining Area
    • Level: Main
    Living room
    • Features: High Ceilings
    • Level: Main
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: See Remarks
    Features
    • See Remarks
    • Flooring: See Remarks
    • Windows: See Remarks
    • Number of fireplaces: 1
    • Fireplace features: Great Room
    Interior area
    • Total interior livable area: 5,062 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
    • Garage spaces: 2
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio, Terrace
    • Exterior features: Balcony, Private Yard, See Remarks
    • Pool features: None
    • Fencing: Barbed Wire
    • Has view: Yes
    • View description: Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods
    • Has water view: Yes
    • Water view: Creek/Stream
    • Waterfront features: Creek
    Lot
    • Size: 3.75 Acres
    • Features: Back to Park/Greenbelt, Back Yard, Gentle Sloping
    Details
    • Additional structures: Guest House, Second Residence
    • Parcel number: 01213401210000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1974

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Municipal Utility District (MUD)
    • Utilities for property: Above Ground, Electricity Available, Propane, Water Available

    Community & HOA

    Community
    • Features: None
    • Subdivision: Rob Roy West
    HOA
    • Has HOA: No
    Location
    • Region: Austin

    Financial & listing details

    • Price per square foot: $462/sqft
    • Tax assessed value: $1,201,495
    • Annual tax amount: $3,152
    • Date on market: 4/22/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Electric utility on property: Yes
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