Austin, TX 78746 502 Grace Ln

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Presented By: @ properties Christie's International; (512) 368-8078
  • MLS# 6317516
  • 02/07/2024
  • Request Tour
  • Request Info
  • Beds • 8
  • Full/Half Baths • 5 / 1
  • SQFT • 5,062
  • Garage • 2

Home Details

Livable 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 The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer's or developer's dream lot, depending on the path the new owner decides to take. The property is just under a four-acre wooded tract in Rob Roy West, situated near Bee Cave Road, which could be cleared and constructed into a vast single-family estate, serving as the first option. Secondly, it has the potential to be transformed into a condo or apartment development. Thirdly, it could be utilized as an income-generating property, as it already has a large rock house, two two-bedroom in duplex 1600 sq ft , and a one-bedroom cottage/guest house that is available for immediate occupancy. The property deed has no restrictions, as it has been grandfathered since the 1970s. The property is located in the Eanes Independent School District and the City of Austin ETJ. Additionally, there are multiple Austin Electric meters on the property, a 950-foot deep well that supplies water, and two MUD districts located in close proximity. Three structures total of 5062 sq ft. Please contact me for Survey.
Presented By: @ properties Christie's International; (512) 368-8078

Interior Features for 502 Grace Ln


Main Level Bedrooms3
Total Bedrooms8


Full Baths5
Half Baths1
Total Baths6

Other Interior Features

Fireplace FeaturesGreat Room
FlooringSee Remarks
Street SuffixLN
Total Fireplaces1
Window FeaturesSee Remarks

General for 502 Grace Ln

Additional Parcels Y/NNo
AppliancesSee Remarks
Community FeaturesNone
Construction MaterialsBrick, HardiPlank Type
CoolingCentral Air
DirectionsBee Caves Rd Turn on Grace Lane. Vier to the Right on the road.
DisclosuresSeller Disclosure
Elementary SchoolValley View
Energy EfficientOther/See Remarks
Exterior FeaturesBalcony, Private Yard, See Remarks
Facing DirectionEast
Garage Spaces2
Green SustainabilityNone
HOA / Comm AssnNo
High SchoolWestlake
Interior FeaturesSee Remarks
Lot Size Square Feet163219.32
MLS Area8W
Middle/Junior High SchoolWest Ridge
New ConstructionNo
Other StructuresGuest House, Second Residence
Patio/Porch FeaturesDeck, Patio, Terrace
Pool FeaturesNone
Property ConditionSee Remarks
Property SubTypeSingle Family Residence
Property TypeResidential
SewerSeptic Tank
Standard StatusActive
Street NameGrace
Subdivision NameRob Roy West
Tax Assessed Value1271427
Tax Year2022
UtilitiesAbove Ground, Electricity Available, Propane, Water Available
ViewCanyon, Creek/Stream, Park/Greenbelt, Trees/Woods
Waterfront FeaturesCreek
Waterfront Y/NNo
Year Built1974
Year Built SourcePublic Records

Exterior for 502 Grace Ln

Covered Spaces2
FencingBarbed Wire
Foundation DetailsSlab
Horse Amenities None
Horse Y/NNo
Lot FeaturesBack to Park/Greenbelt, Back Yard, Gentle Sloping
Lot Size Acres3.747
Parking FeaturesAdditional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
Total Parking10
Water SourceMUD

Additional Details

Price History


Middle School West Ridge Middle School
High School Westlake High School
Elementary School Valley View Elementary School

Madison Smith

REALTORĀ®, Operations Manager
Price $2,350,000
List Date 02/07/2024
Property Type Single Family
Phone 737.267.8868
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