502 GraceLane Ln Austin, TX $ 2,250,000
502 GraceLane Ln
$ 2,250,000
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502 GraceLane Ln

Austin, TX, 78746
$ 2,250,000
Bedrooms4 Baths2.0 Sq 5,000

Monthly Estimate*

$ 14,207

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Single Family Home for sale in Austin, TX

for $2,250,000 with 4 bedrooms and 2 full baths. This 5,000 square foot home was built in 1978 on a lot size of 3.74.

MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK NO ZONING RESTRICTIONS. INVESTMENT/BUILDER OPPORTUNITY: 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.

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Single Family Active

Price

$ 2,250,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 5,484

Style

Single Family Residence

Lot Size

3.74

Year Built

1978

Town/City

Austin

County/Region

Travis

MLS | Web ID

5388435

Features
General
Living Area 5000
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities See Remarks Electricity Connected Natural Gas Available
Roof Shingle
Appliances See Remarks
Garage Spaces 2
Patio/Porch Features See Remarks
Pool Features None
Construction Materials See Remarks
Year Built 1978
View Creek/Stream Hill Country Park/Greenbelt Trees/Woods
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Waterfront Features Creek Dry/Seasonal
Community Features None
Accessibility None
County Travis
New Construction N
Property Type Residential
HOA N
Energy Efficient None
Subdivision Name Rob Roy West
Facing Direction West
Green Sustainability None
Other Structures Guest House Residence Second Residence
Full Baths 2
Status Active
Directions Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.
High School Westlake
City Austin
Disclosures See Remarks
MLS Area 8W
Lot Size Square Feet 162914.4
Elementary School Forest Trail
Middle/Junior High School West Ridge
Property Condition See Remarks
Virtual Tour https://youtube.com/shorts/kk78XcrFBQ8?is=KvFlSM_67FvMagOP https://youtu.be/IlN4ZaJWsEQ
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 1043307
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Interior
Interior Amenities See Remarks
Flooring See Remarks
Total Fireplaces 1
Fireplace Features See Remarks
Window Features See Remarks
Half Baths 0
Total Bedrooms 4
Main Level Bedrooms 3
Total Baths 2
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Exterior
Exterior Amenities See Remarks
Fencing Wood
Parking Features Detached Carport Garage
Lot Features Greenbelt Native Plants Pie Shaped Lot Trees-Moderate Views
Water Source See Remarks Well
Total Parking 12
Foundation Details See Remarks
Lot Size Acres 3.74
Waterfront Y/N N
Covered Spaces 2
Horse Y/N Y
Horse Amenities See Remarks
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Internal Only
Street Number 1 502
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* Excluded Features
List By
Beth Sher

Listing Agent

Christies Intl Real Estate Lone Star

Broker

bethposhproperties@gmail.com

Email

Affordability Calculator

$14,664
Per Month
97%
3%
0%
Monthly Principal & Interest
$14,207
Monthly Property Taxes
$457
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4360519 Elementary School
4360129 Middle School
Westlake High School High School
Pricing History
DatePricePrice ChangeDescription
7/15/2026$2,250,000 Listed Price

Map


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502 GraceLane Ln, Austin, TX, 78746 is a Single Family Home for sale at $2,250,000 with 5,000 sqft and a lot size of 3.74. 502 GraceLane Ln has 4 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 78746 which is in Austin, TX