502 GraceLane Ln Austin, TX $ 2,200,000
502 GraceLane Ln
$ 2,200,000
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502 GraceLane Ln

Austin, TX, 78746
$ 2,200,000
Bedrooms-- Baths-- Sq 5,000
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Property for Rent in Austin, TX

for $2,200,000. This 5,000 square foot property was built in 1978 on a lot size of 3.74.

NO ZONING RESTRICTIONS. INVESTMENT/BUILDER OPPORTUNITY MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK 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 to utilize the buildings for commercial, 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 propane tanks ensure convenience and self-sufficiency. Three structures totaling approx 5000 sq ft await your arrival. 2500 sq ft home, 2 bed 1 bath duplex 1500 sq ft. and 589 sq ft guest house.

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Rental Active

Price

$ 2,200,000

Taxes

$ 5,484

Style

Lot Size

3.74

Year Built

1978

Town/City

Austin

County/Region

Travis

MLS | Web ID

4212388

Features
General
Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities See Remarks Electricity Connected Natural Gas Available
Construction Materials See Remarks
Year Built 1978
View Creek/Stream Hill Country Park/Greenbelt Trees/Woods
Property Subtype See Remarks
Tax Year 2025
Current Use Mixed Use Multi-Family Single Family See Remarks
Accessibility None
County Travis
Operating Expense 10000
New Construction N
Property Type Commercial Sale
Energy Efficient None
Subdivision Name Rob Roy West
Building Features See Remarks
Green Sustainability None
Other Structures Guest House Residence Second Residence
Status Active
Directions Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.
City Austin
Disclosures See Remarks Lead Base Paint Addendum Seller Disclosure
MLS Area 8W
Lot Size Square Feet 162914.4
Property Condition See Remarks
Leasable Area 5000
Virtual Tour https://youtube.com/shorts/kk78XcrFBQ8?is=KvFlSM_67FvMagOP https://youtu.be/IlN4ZaJWsEQ
Lease Type See Remarks
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 1043307
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Interior
Flooring See Remarks
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features Detached Carport Garage
Water Source See Remarks Well
Total Parking 12
Foundation Details See Remarks
Number of Buildings 3
Building Area Total 5000
Lot Size Acres 3.74
Waterfront Y/N N
Other Equipment See Remarks
Horse Y/N N
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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

Nearby
3038596 Elementary School
3038443 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$2,200,000 Listed Price

Map


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502 GraceLane Ln, Austin, TX, 78746 is a Property for Rent at $2,200,000 with 5,000 sqft and a lot size of 3.74. 502 GraceLane Ln was built in 1978. The property's zip code is 78746 which is in Austin, TX