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502 Grace Ln, Austin, TX 78746
$2,350,000
502 Grace Ln, Austin, TX 78746View this property at 502 Grace Ln, Austin, TX 78746
502 Grace LnAustinTX78746
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Property Description
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. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 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 restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 2600 sq ft home, 2 bed 1 bath duplex and 500 sq ft guest house. MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLAT.
Full Property Details
Full Property Details for 502 Grace Ln
General
- Price: $2,350,000
- Taxes: (2022)
- Status: Active
- Type: Single Family
- MLS ID: 6317516
- Updated: 6/3/2024
- Added to Site: 129 day(s) ago
Interior
- Interior Features: See Remarks
- Number of Fireplaces: 1
- Fireplace(s): Great Room
- Appliances: See Remarks
- Flooring: See Remarks
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 5
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 8
- Bedrooms Main: 3
- Bedrooms-Other: 5
Other Rooms
- Living Room: High Ceilings, Main
- Kitchen: Dining Area, Main
- Laundry: See Remarks
Additional Information
- Other Features: Guest House, Second Residence
Exterior
- Exterior Features: Balcony, Private Yard, See Remarks
- Deck/Patio: Deck, Patio, Terrace
Parking
- Garage: Yes
- Covered Spaces: 2
- Total Spaces: 10
- Parking Features: Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
Location
- Area: 8W
- County: Travis
- Subdivision: Rob Roy West
- Driving Directions: Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.
- Direction Faces: East
School Information
- Elem School District: Eanes ISD
- Midd School District: Eanes ISD
- High School District: Eanes ISD
- Elementary School: Valley View
- Middle School: West Ridge
- High School: Westlake
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Septic Tank
- Water: Municipal Utility District (MUD)
- Utility Description: Above Ground, Electricity Available, Propane, Water Available
Structural Information
- Exterior Const.: Brick, HardiPlank Type
- Foundation: Slab
- Roof: Shingle
- Windows: See Remarks
- Disability Access: None
- Square Feet: 5,062
- Living Area: 5,062 Sq. Ft.
- Year Built: 1974
- Property Condition: See Remarks
Additional Structures
- Other Structures: Guest House, Second Residence
Lot Features
- Property View: Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods
- Lot Size (Acres): 3.747
- Lot Size (Sq. Ft.): 163,219.32
- Lot Features: Back to Park/Greenbelt, Back Yard, Gentle Sloping
- Lot Description: Back to Park/Greenbelt, Back Yard, Gentle Sloping
- Fencing (Description): Barbed Wire
Water Features
- Water Front View: Creek
Financial Considerations
- Lot Price Per Sq. Ft.: $14.4
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Survey, Topography Map
- Property ID: 1213401210000
Listed by @ properties Christie's International
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Schools
Schools serving 502 Grace Ln
School District:Eanes Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
1314 Patterson Rd, Austin, TX 78733 | PK-5 | 1.3 mi | |
9201 Scenic Bluff Dr, Austin, TX 78733 | 6-8 | 1.6 mi | |
4100 Westbank Dr, Austin, TX 78746 | 9-12 | 3.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 Grace Ln
Date
Details
Price
Change
Source
2/07/2024
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 502 Grace Ln
Year
Property Taxes
Change
Tax Assessment
Change
2022
100%
$1,309,575
3%
2022
100%
$1,271,427
106%
2021
-100%
$616,066
10%
2020
$9,527
—
$560,060
10%
2020
$9,548
17%
$509,145
10%
2018
$8,144
13%
$462,859
10%
2016
$7,198
-5%
$420,781
6%
2017
$7,603
-5%
$398,399
-8%
2015
$8,025
15%
$434,462
10%
2013
$6,952
-9%
$394,965
10%
2014
$7,647
—
$359,059
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 502 Grace Ln
502 Grace Ln, Austin, TX 78746 (MLS# 6317516) is a Single Family property with 8 bedrooms, 5 full bathrooms and 1 partial bathroom. 502 Grace Ln is currently listed for $2,350,000 and was received on February 07, 2024. Want to learn more about 502 Grace Ln? Do you have questions about finding other Single Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.