For sale

$2,200,000

502 GraceLane Ln
Austin, TX 78746

  • 9 beds
  • 5 baths
  • 5,000 sq ft
  • 3.74 acres

Listing courtesy of Christies Intl Real Estate Lone Star · (512) 270-8586 · MLS# 5388435 · Status: Active

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.

Description provided by the listing brokerage.

Facts

Property type
Residential · Single Family Residence
Year built
1978
Lot size
3.74 acres
Living area
5,000 sq ft
Price per sq ft
$440
Bathrooms
5 full, 0 half
Garage
2 spaces
County
Travis
Neighborhood
Rob Roy West
School district
Eanes ISD
Schools
Forest Trail · West Ridge · Westlake

Features

Roof
Shingle
View
Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
Sewer
Septic Tank
Levels
Two
Cooling
Central Air
Fencing
Wood
Heating
Central
Flooring
See Remarks
Utilities
See Remarks, Electricity Connected, Natural Gas Available
Appliances
See Remarks
Lot
Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
Water
See Remarks, Well
Pool
None
Horse amenities
See Remarks
Windows
See Remarks
Parking
Detached Carport, Garage
Exterior
See Remarks
Interior
See Remarks
Community
None
Fireplace
See Remarks
Foundation
See Remarks
Waterfront
Creek, Dry/Seasonal
Energy efficiency
None
Accessibility
None
Construction
See Remarks
Patio & porch
See Remarks
Take the virtual tour ↗

Location

Listings courtesy of Unlock MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of November 15, 2026 at 2:47 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and its use may be subject to an end user license agreement prescribed by the applicable MLS. Some IDX listings have been excluded from this website. Any use or search of this website other than by a consumer looking to purchase or lease real estate is prohibited. Terms of use