502 Grace Lane, Austin

$2,340,000

8 Beds
6 Baths
5,062 Sqft
3¾ Acres
2 Garages

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

Essential Information
MLS® #7556083
Price$2,340,000
Bedrooms8
Bathrooms6.00
Full Baths5
Half Baths1
Square Footage5,062
Acres3.75
Year Built1974
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Community Information
Address502 Grace Lane
Area8W
SubdivisionRob Roy West
CityAustin
CountyTravis
StateTX
Zip Code78746
Amenities
FeaturesNone
Garage Spaces2
WaterfrontCreek
Utilities

Above Ground Utilities, Electricity Available, Propane, Water Available

Parking

Additional Parking, Circular Driveway, Carport, Garage, Garage Faces Side

View

Canyon, Park/Greenbelt, Creek/Stream, Trees/Woods

Interior
InteriorSee Remarks
AppliancesSee Remarks
HeatingCentral
FireplaceYes
# of Fireplaces1
FireplacesGreat Room
# of Stories2
StoriesTwo
Exterior
RoofShingle
ConstructionBrick, HardiPlank Type
FoundationSlab
Exterior Features

Balcony, Private Yard, See Remarks

Lot Description

Back Yard, Backs to Greenbelt/Park, Gentle Sloping

School Information
DistrictEanes ISD
ElementaryValley View
MiddleWest Ridge
HighWestlake
Additional Information
Date ListedApril 22nd, 2025
Days on Market28
Listing Details
Office Contact(512) 368-8078
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 502 Grace Lane, Austin, TX

Photo of Listing #4953985
New Listing

3401 Day Star Cove, Austin

$2,900,000 - 5 Beds, 6 Baths, 5,468 Sf

MLS® # 4953985

American Realty Advisors, Inc.
Photo of Listing #1937091
New Listing

909 Redbud Trail, West Lake Hills

$1,900,000 - 3 Beds, 3 Baths, 2,602 Sf

MLS® # 1937091

Luisa Mauro Real Estate
Photo of Listing #7211946
New Listing

3115 Thousand Oaks Drive, Austin

$2,250,000 - 5 Beds, 4 Baths, 3,165 Sf

MLS® # 7211946

Moreland Properties

Property Listed by: Christie's Int'l Real Estate

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 20th, 2025 at 5:02pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.