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
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.
