502 Gracelane Ln,Austin, TX 78746
Austin, TX 78746
Description
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.
Details
| MLS # | 4212388 |
|---|---|
| Listing Type | For Sale |
| Style | See Remarks |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 37 |
| Listing Provided By | Christies Intl Real Estate Lone Star | Beth Sher |
Features
| SQ Feet | 5,000 |
|---|---|
| Car Port | Yes |
| Building(s) | 3 |
| Acreage | 3.74 |
| Property View | Creek, Stream, Hill Country, Park |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Flooring | See Remarks |
Exterior
| Foundation Details | See Remarks |
|---|---|
| Construction Materials | See Remarks |
Parking
| Parking Features | Detached Carport, Garage |
|---|
Utilities
| Utilities | See Remarks, Electricity Connected, Natural Gas Available |
|---|---|
| Sewer | Septic Tank |
Other
| List Aor | Austin Board Of Realtors |
|---|
Area Information
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78746 |
| Area | 8W |
| Community Name | Rob Roy West |
| Listing VS Median (in Rob Roy West) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $440 low | high Med: $440 On site: 37 low | high Med: 40.5 | |
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Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 28, 2026 at 10:56:11 PM PDT 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.
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Learn More About This Property
| State | TX |
|---|---|
| County | Travis |
| City | Austin |
| Zip Code | 78746 |
| Area | 8W |
| Community Name | Rob Roy West |
| Listing VS Median (in Rob Roy West) | |
Price: $2,200,000 low | high Med: $2,200,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $440 low | high Med: $440 On site: 37 low | high Med: 40.5 | |
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