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502 Grace LNAustin, TX 78746

For Sale

$2,340,000

Smart Buyer Rebate $23,400

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 July 30, 2025

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Source: ACTRIS #7556083

Listing Facts

  • TypeSingle-family
  • NeighborhoodLost Creek
  • Bedrooms8
  • Bathrooms6
  • Days on Prevu137
  • Size5,062 sqft
  • Price per sqft$462

Amenities

  • Private Outdoor Space
  • Air Conditioning
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

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

Features

  • Direction Faces: East
  • Fencing: Barbed Wire
  • Other Structures: Guest House, Second Residence
  • Patio And Porch Features: Deck, Patio, Terrace
  • View: Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods
  • Waterfront Features: Creek

Measurements

  • Lot Features: Back To Park/Greenbelt, Back Yard, Gentle Sloping
  • Lot Size Acres: 3.74
  • Lot Size Area: 3
  • Lot Size Square Feet: 163,219

Financial

Taxes

  • Parcel Number: 01213401210000
  • Tax Assessed Value: $1,271,427.00
  • Tax Year: 2022

Interior

Features

  • Appliances: See Remarks
  • Fireplace Features: Great Room
  • Fireplaces Total: 1
  • Flooring: See Remarks
  • Interior Features: See Remarks

Measurements

  • Living Area: 5,062
  • Living Area Source: Builder

Rooms

  • Bathrooms Full: 5
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 8
  • Main Level Bedrooms: 3

Other

Environmental

  • Green Energy Efficient: See Remarks

Location

  • Subdivision Name: Rob Roy West
  • Tax Lot: ABS 734

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
  • Parking Total: 10

Schools

Elementary School

  • Elementary School: Forest Trail
  • Elementary School District: Eanes ISD

High School

  • High School: Westlake
  • High School District: Eanes ISD

Middle or Junior School

  • Middle Or Junior School: West Ridge
  • Middle Or Junior School District: Eanes ISD

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Above Ground, Electricity Available, Propane, Water Available
  • Water Source: Municipal Utility District (MUD)

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.

Full MLS Disclaimers

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.