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502 GraceLane Ln

Austin, TX 78746
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Just listedJust listed
9 Bedroom(s)
5 Full Bath(s)
5,000 Sqft
3.74 Lot Acres
Residential Single Family

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Description

MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK NO ZONING RESTRICTIONS. INVESTMENT/BUILDER OPPORTUNITY: 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.

MLS#
ABORTX-5388435
List Price
$2,250,000 ($450/Sqft.)
Listing Status
For Sale
Address
502 GraceLane Ln
City
Austin
State
TX
Zip Code
78746
County
Travis County
Subdivision
Rob Roy West
Legal Description
IMPS ONLY ABS 734 SUR 499 SERGEANT W ACR 3.752
Property Type
Residential Single Family
Bedroom
9 Bedroom(s)
Bath
5 Full Bath(s)
Garages
2 / Appraisal District
Stories
2
Building Size
5,000 Sqft/Public Records
Year Built
1978 /Public Records
Lot Size
3.74 Lot Acres/Appraisal District
LP / Acre
$601,604 / Acre

Interior

Number Of Living Area
5
Number Of Dining Area
5
Fireplace
1/See Remarks
Cooling
Central Air
Heating
Central
Security System
None

Exterior

Roof
Shingle
Private Pool
No
Lot Description
Back to Park/Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
Parking
Detached Carport, Garage
Parking Space
Garage 2 / Parking 12
Utility
See Remarks,Electricity Connected,Natural Gas Available
Front Door Face
West
Views
Creek/Stream,Hill Country,Park/Greenbelt,Trees/Woods

Lot Information

Lot Size
3.74 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

unlock MLS
Source last updated Jul 17, 2026 at 11:36 PM
Listing last updated Jul 17, 2026 at 11:16 PM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

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Loan Term
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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