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502 GraceLane LN
Austin, TX 78746
FOR
SALE
$2,200,000
Active
5,000
Sqft
3.74
Acres
1978
Yr. Built
MLS# 4212388
Cumulative Days on Market: 57 · Includes prior listings · Currently listed since 07/22/26 · Data provided by the MLS.

Property 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.

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Property Highlights

Property Type
Commercial Sale
Property Sub Type
See Remarks
Acres
3.74
Year Built
1978
Condition
See Remarks

Location

Area
8W
City/Township
Austin
View
Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
Subdivision
Rob Roy West
County
Travis

Property Details

Price
$2,200,000
Condition
See Remarks
Property Type
Commercial Sale
Property Sub Type
See Remarks

Building

Total Area
5,000

Interior Features

Interior Features

Flooring
See Remarks
Accessibility Features
None

Heating and Cooling

Heating Features
Central

Building Details

Construction

Year Built
1978
Foundations
See Remarks

Terms

Terms

Special Conditions
Standard
Special Terms
Cash, Conventional, FHA, VA Loan

Heating, Cooling & Utilities

Cooling Features
Central Air

Utilities

Utilities
See Remarks, Electricity Connected, Natural Gas Available
Sewer
Septic Tank
Water Source
See Remarks, Well

Lot

Acres
3.74
Lot Size
3.74
Lot Size Area Sq Ft
162,914.40

Parking

Parking Features
Detached Carport, Garage
Listed by Christies Intl Real Estate Lone Star
Listing Data last updated 09/18/2026 09:40 am
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 18-Sep-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
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Property History

Today
Property information last updated
57 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 57 days (includes prior listings) · Currently listed since July 22, 2026. Data provided by the MLS.

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