502 Gracelane Ln, Austin, TX, 78746 - MLS# 5388435

$2,200,000

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Beds 9
Baths 5
Sqft 5,000
Acres 3.74
Property Type Home
Heating Central
Parking Detached Carport, Garage
Year Built 1978
Stories 2
Cooling Central Air
Days on Market 66
Garages 2.00

About 502 Gracelane Ln

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.

Location

Legal Description IMPS ONLY ABS 734 SUR 499 SERGEANT W ACR 3.752
Address 502 Gracelane Ln
County Travis
City Austin
Zip Code 78746
Subdivision Rob Roy West
School District Eanes ISD
MLS Area 8W

Size and Restrictions

Acres 3.74
Lot Description Backs to Greenbelt/Park, Moderate Trees, Native Plants, Pie Shaped Lot, Views
Horses Allowed Yes
$/Acre $588,235

Improvements

Parking Detached Carport, Garage
Garage Spaces 2.00
Fence Wood
Exterior Features See Remarks

Features

View Park/Greenbelt, Hills, Creek/Stream, Trees/Woods
Water Access Creek, Seasonal

Utilities

Water See Remarks, Well
Utilities Electricity Connected, Natural Gas Available, See Remarks

Amenities

Area Amenities None

Beds and Baths

Bedrooms 9
Main Level Beds 8
Bathrooms 5 full
Primary on Main No

Other Rooms

Kitchen Appliances See Remarks
Laundry Facilities Laundry Closet

Heating and Cooling

Heating Central
Air Conditioning Central Air
Fireplaces See Remarks

Interior Features

Flooring See Remarks
Features See Remarks
Disability None

Building Information

Square Feet 5,000
Year Built 1978
# of Stories 2
Building Faces West
Construction See Remarks
Foundation See Remarks
Roof Shingle

Property Features

Exterior Features See Remarks

Garage and Parking

Garage Yes - 2 Spaces
Parking Detached Carport, Garage

Financial

$/Sq Ft $440
$/Acre $588,235
Special Conditions NoRestrictions
Documents Available Survey, Topographical Survey, Water/Well Report
Disclosures See Remarks

Property Taxes

Appraisal District Travis
Tax ID 534871
Tax Year 2025

Homeowner Association

Has HOA No

Listing Details

OfficeChristies Intl Real Estate Lone Star
Contact Info(512) 270-8586

Listing Map

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