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
Active
$2,340,000
502 Grace Ln, Austin, TX 78746
8beds
5,062sqft
Est.:
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
- 101 days
- on Zillow |
- 449 |
- 23 |
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#: 7556083

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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