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
Listed by Beth Sher
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License #550613
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Christie's Int'l Real Estate
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(512) 368-8078
Listed by Mary Anne McMahon
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License #9009050
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Christie's Int'l Real Estate
Last updated November 20, 2025
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Source: ACTRIS #7556083
Listing Facts
TypeSingle-family
NeighborhoodLost Creek
Bedrooms8
Bathrooms6
Days on Prevu233
Size5,062 sqft
Price per sqft$444
Amenities
Private Outdoor Space
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
11/06/2025
Price Decreased
$2,250,000
04/22/2025
Listed by Christie's Int'l Real Estate
$2,340,000
Property Details for 502 Grace LN
Exterior
Construction
Property Condition: Resale
Roof: Shingle
Window Features: See Remarks
Year Built: 1974
Construction Materials: Brick, Hardi Plank Type
Exterior Features: Balcony, Private Yard, See Remarks
Utilities: Above Ground, Electricity Available, Propane, Water Available
Water Source: Municipal Utility District (MUD)
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 8 bedrooms and 6 bathrooms in this single-family home at 502 Grace LN.
What schools are nearby to 502 Grace LN?
Nearby schools include the Forest Trail Elementary School, West Ridge Middle School, and Westlake High School.
Does this single-family home have parking?
Yes, there are 2 parking spaces available for 502 Grace LN.
How does 502 Grace LN compare to other single-family homes in Lost Creek?
This single-family home is listed 2% above the average price for single-family homes in Lost Creek and has been on the market for 185 more days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 5,062 sqft.
502 Grace LN is a 8-bedroom, 6-bath single-family home for sale in Austin TX 78746. On Prevu for 233 days at $2,250,000. This includes a recent price decrease of $90,000. This property features 5,062 square feet of living space, located in Lost Creek. The median listing price for single-family homes in this area is $1,600,000. Nearby schools include Forest Trail Elementary School, West Ridge Middle School, and Westlake High School. The home offers private outdoor space, air conditioning, parking, and swimming pool. View other single-family home listings in Austin.
Based on information from ACTRIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
