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$2,250,000

  • For Sale
  • Active
  • Single Family
  • 8 Beds
  • 5 Full Baths
  • 1 Partial Bath
  • 5,062 Sq. Ft.
  • 3.747 Acres
  • 2 Car Garage
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INVESTMENT/BUILDER OPPORTUNITY IN TRAVIS COUNTY NOT IN THE ETJ: Seller Financing Option: 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 for 502 Grace Ln

General

  • Price: $2,250,000
  • Taxes: (2022)
  • Status: Active
  • Type: Single Family
  • Source: Austin_MLS
  • MLS ID: 7556083
  • Updated: 11/6/2025
  • Added to Site: 270 day(s) ago

Interior

  • Interior Features: See Remarks
  • Fireplace: Yes
  • 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

Other Rooms

  • Laundry: See Remarks

Additional Information

  • Shared Amenities: None
  • Security/Safety: None

Exterior

  • Exterior Features: Balcony, Private Yard, See Remarks
  • Porch/Patio/Deck: Deck, Patio, Terrace, Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Carports: Yes
  • Covered Spaces: 2
  • Total Spaces: 10
  • Parking Features: Additional Parking, Circular Driveway, Carport, 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: Forest Trail
  • Middle School: West Ridge
  • High School: Westlake

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Septic Tank
  • Water: Municipal Utility District
  • Utility Description: Above Ground Utilities, Electricity Available, Propane, Water Available

Structural Information

  • Detached/Attached: Detached
  • Construction: Brick, HardiPlank Type
  • Roof: Shingle
  • Windows: See Remarks
  • Stories/Levels: 2
  • Square Feet: 5,062
  • Sq. Ft. Source: Builder
  • Living Area: 5,062 Sq. Ft.
  • Year Built: 1974
  • Year Built Source: Public Records
  • Property Condition: Resale

Additional Structures

  • Other Structures: Guest House, Second Residence

Lot Features

  • Property View: Canyon, Park/Greenbelt, Creek/Stream, Trees/Woods
  • Lot Size (Acres): 3.747
  • Lot Size (Sq. Ft.): 163,219.32
  • Fence: Yes
  • Lot Features: Back Yard, Backs to Greenbelt/Park, Gentle Sloping
  • Fencing (Description): Barbed Wire

Water Features

  • Water Front Desc.: Creek

Green Features

  • Energy Efficient: See Remarks

Financial Considerations

  • Assessment Amount: $1,271,427
  • Tax Year: 2022
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • Documents Avail.: Survey, Topographical Survey
  • Legal Description: ABS 734 SUR 499 SERGEANT W ACR 3.752
  • Disclosures/Reports: Seller Disclosure
  • Property ID: 1213401210000
  • Lot Number: ABS 734

Listed by Christie's Int'l Real Estate

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Listing agents

— 502 Grace Ln —

  • Christie's Int'l Real Estate

  • Christie's Int'l Real Estate

(512) 368-8078

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 502 Grace Ln

School District:Eanes Independent School District
NameGradesDistance
Barton Creek Elementary School
1314 Patterson Road, Austin, TX 78733
K-51.3 mi
West Ridge Middle School
9201 Scenic Bluff Drive, Austin, TX 78733
6-81.6 mi
Westlake High School
4100 Westbank Drive, Austin, TX 78746
9-123.7 mi
Disclaimer: 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/06/2025
Price Reduced
$2,250,000
-3.85%
MLS
4/22/2025
Listed
$2,340,000
—
MLS
Get Price Alerts and Save Property
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 for 502 Grace Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,152
—
$896,771
9%
2024
$3,152
100%
$819,984
-37%
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
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Christie's Int'l Real Estate

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502 Grace Lane, Austin, TX 78746 (MLS# 7556083) is a Single Family property with 8 bedrooms, 5 full bathrooms and 1 partial bathroom. 502 Grace Lane is currently listed for $2,250,000 and was received on April 22, 2025. Want to learn more about 502 Grace Lane? 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.

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