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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1/39
$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: Commercial
- Source: Austin_MLS
- MLS ID: 2688259
- Updated: 5/22/2026
- Added to Site: 76 day(s) ago
Rental Information
- Lease Info: See Remarks
Parking
- Garage: Yes
- Carports: Yes
- Total Spaces: 20
- Parking Features: Attached Carport, Additional Parking, Circular Driveway, Garage, Gravel, See Remarks
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.
Utilities
- Utility Description: Electricity Connected, See Remarks
Structural Information
- # Buildings: 3
- Detached/Attached: Detached
- Construction: See Remarks
- Square Feet: 4,200
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Multi-Family, Single Family
- Property Condition: See Remarks
Additional Structures
- Other Structures: See Remarks
Lot Features
- Lot Size (Acres): 3.75
- Lot Size (Sq. Ft.): 163,350
- Lot Size Source: Survey
Financial Considerations
- Tax Year: 2025
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Special Conditions: Standard
- Documents Avail.: See Remarks, Survey, Topographical Survey
- Legal Description: ABS 734 SUR 499 SERGEANT W ACR 3.752
- Disclosures/Reports: See Remarks
- Property ID: 521480
Listed by Christies Intl Real Estate Lone Star
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Listing agents
— 502 Grace Ln —
Christies Intl Real Estate Lone Star
Christies Intl Real Estate Lone Star
(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
$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
—
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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502 Grace Lane, Austin, TX 78746 (MLS# 2688259) is a Commercial property. 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 Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.