Date
Details
Price
Change
Source
3/07/2026
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,250,000
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Property Description
INVESTMENT/BUILDER OPPORTUNITY: 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
Full Property Details for 502 Grace Ln
General
- Price: $2,250,000
- Taxes: (2025)
- Status: Active
- Type: Lots/Land
- Source: Austin_MLS
- MLS ID: 8425705
- Updated: 3/18/2026
- Added to Site: 28 day(s) ago
Additional Information
- Shared Amenities: None
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.
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
Utilities
- Sewer: Septic Tank
- Water: See Remarks, Well
- Well: Yes
- Utility Description: Electricity Connected, Natural Gas Available, See Remarks
Structural Information
- Detached/Attached: Detached
Additional Structures
- Other Structures: Guest House, Second Residence, Residence
Lot Features
- Property View: Park/Greenbelt, Hills, Creek/Stream, Trees/Woods
- Lot Size (Acres): 3.74
- Lot Size (Sq. Ft.): 162,914.4
- Lot Features: Backs to Greenbelt/Park, Moderate Trees, Native Plants, Pie Shaped Lot, Views
Water Features
- Water Front Desc.: Creek, Seasonal
Financial Considerations
- Assessment Amount: $1,043,307
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, See Remarks
Disclosures and Reports
- Special Conditions: See Remarks, Standard
- Documents Avail.: Lease, Survey, Topographical Survey
- Legal Description: IMPS ONLY ABS 734 SUR 499 SERGEANT W ACR 3.752
- Disclosures/Reports: Seller Disclosure
- Property ID: 534871
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) 270-8586
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 502 Grace Ln
School District:Eanes Independent School District
| Name | Grades | Distance |
|---|---|---|
Forest Trail Elementary School 1203 Loop 360 S, Austin, TX 78746 | K-5 | 3.2 mi |
West Ridge Middle School 9201 Scenic Bluff Drive, Austin, TX 78733 | 6-8 | 1.6 mi |
Westlake High School 4100 Westbank Drive, Austin, TX 78746 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 Grace Ln
Tax History
Tax History for 502 Grace Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,957
—
$146,536
-29%
2024
$2,957
100%
$205,646
100%
2021
100%
-100%
2021
-100%
$104,823
-18%
2020
$2,182
—
$128,270
—
2020
$2,187
-3%
$128,270
—
2018
$2,257
32%
$128,270
36%
2016
$1,704
—
$94,307
—
2017
$1,704
-17%
$94,307
-15%
2015
$2,056
23%
$111,312
—
2013
$1,665
-23%
$111,312
29%
2014
$2,155
—
$85,991
—
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
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- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 6Total Baths
- Single Family
- Active
- Updated 10 hours ago
- 4Beds
- 3Total Baths
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- Single Family
- Active
- Updated 6 days ago
- 3Beds
- 3Total Baths
502 Grace Lane, Austin, TX 78746 (MLS# 8425705) is a Lots/Land property with a lot size of 3.74 acres. 502 Grace Lane is currently listed for $2,250,000 and was received on March 07, 2026. Want to learn more about 502 Grace Lane? Do you have questions about finding other Lots/Land real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.