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.
Features of 502 Grace Ln
MLS® #
7216138
Price
$2,200,000
Bathrooms
0.00
Acres
3.74
Type
Land / Farm
Sub-Type
Unimproved Land
Status
Active
Has Pool
No
Water Feature/View
View
ParkGreenbelt,Hills,CreekStream,TreesWoods
Is Waterfront
No
Community Information: Austin
Address
502 Grace Ln
Area
8W
Subdivision
Rob Roy West
City
Austin
County
Travis
State
TX
Zip Code
78746
Amenities of 502 Grace Ln
Utilities
Electricity Connected, Natural Gas Available, See Remarks
Features
None
Interior of 502 Grace Ln
Fireplace
No
Exterior of 502 Grace Ln
Exterior Features
See Remarks
Lot Description
Backs to Greenbelt/Park, Moderate Trees, Native Plants, Pie Shaped Lot, Views
School Information
District
Eanes ISD
Elementary
Forest Trail
Middle
West Ridge
High
Westlake
Additional Information On 502 Grace Ln
Days on Market
70
Zoning
Not zoned Can be resident
Foreclosure
No
Short Sale
No
RE / Bank Owned
No
Gated Community
No
Property History
Price Reduced from $2,250,000 to $2,200,000
The information being provided is 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. Listing Data Provided By: Christies Intl Real Estate Lone Star(512) 270-8586. Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from September 23rd, 2026 at 3:22pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. All information provided is deemed reliable but is not guaranteed and should be independently verified.
