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Austin · Rob Roy West

$2,200,000 11 days on market

Reduced from $2,250,000 · −2.2%

502 GraceLane Ln, Austin, TX 78746

  • 9bedrooms
  • 5bathrooms
  • 5,000sqft
  • 3.7acres
  • 1978year built

About this home

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

Type
Single Family Residence
Levels
Two
Year built
1978
Lot size
3.74 acres
Subdivision
Rob Roy West
MLS #
ACT5388435

Inside

Bedrooms
9
Bathrooms
5
Living area
5,000 sqft
Fireplaces
1

Outside / parking

Garage spaces
2

Schools

Elementary
Forest Trail
High school
Westlake
District
Eanes ISD

Costs

Est. annual taxes
$5,484 (2025)

Listing

First listed
Jul 15, 2026
Days listed
11
Original price
$2,250,000
Status
Active

Listed by Beth Sher, Christies Intl Real Estate Lone Star · [email protected] · MLS# ACT5388435 · Active

Estimate your monthly payment

Loan

Down payment
%
0%10%20%30%40%50%
Loan term
Interest rate (%)
3%5%7%9%

Yearly costs

Monthly payment

$0

Total monthly

Principal & interest
$0
Property tax
$0
Insurance
$0
HOA
$0
Loan amount
$0

Estimate only. Tax / insurance defaults are typical Texas figures; your actual numbers will vary. Talk with a lender for a real quote — I can refer you to one I trust.

Where this home sits

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