502 Grace Lane
- $2,389,000 REDUCED
- 8 Beds, 6 Bath, 5062 SQ. Feet, 3.75 Acres Residential Austin, TX 78746
MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLAT The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer's or developer's dream lot, depending on the path the new owner decides to take. The property is just under a four-acre wooded tract in Rob Roy West, situated near Bee Cave Road, which could be cleared and constructed into a vast single-family estate, serving as the first option. Secondly, it has the potential to be transformed into a condo or apartment development. Thirdly, it could be utilized as an income-generating property, as it already has a large rock house, two two-bedroom in duplex 1600 sq ft , and a one-bedroom cottage/guest house that is available for immediate occupancy. The property deed has no restrictions, as it has been grandfathered since the 1970s. The property is located in the Eanes Independent School District and the City of Austin ETJ. Additionally, there are multiple Austin Electric meters on the property, a 950-foot deep well that supplies water, and two MUD districts located in close proximity. Three structures total of 5062 sq ft. Please contact me for Survey.
Essential Information
- MLS® #7523643
- Price$2,389,000
- Bedrooms8
- Bathrooms6.00
- Full Baths5
- Half Baths1
- Square Footage5,062
- Acres3.75
- Year Built1974
- TypeResidential
- Sub-TypeSingle Family Residence
- StatusActive
Community Information
- Address502 Grace Lane
- SubdivisionRob Roy West
- CityAustin
- CountyTravis
- StateTX
- Zip Code78746
Amenities
- FeaturesNone
- # of Garages2
- WaterfrontCreek
Utilities
Electricity Available, Propane, Water Available, Above Ground Utilities
Parking
Additional Parking, Carport, Garage, Garage Faces Side, Circular Driveway
View
Trees/Woods, Canyon, Creek/Stream, Park/Greenbelt
Interior
- InteriorSee Remarks
- AppliancesSee Remarks
- HeatingCentral
- CoolingCentral Air
- FireplaceYes
- # of Fireplaces1
- FireplacesGreat Room
- # of Stories2
- StoriesTwo
Exterior
- WindowsSee Remarks
- RoofShingle
- ConstructionBrick, HardiPlank Type
- FoundationSlab
Exterior Features
Balcony, Private Yard, See Remarks
Lot Description
Back Yard, Gentle Sloping, Backs to Greenbelt/Park
School Information
- DistrictEanes ISD
- ElementaryValley View
- MiddleWest Ridge
- HighWestlake
Map & Directions
View in Google MapsPrice Change History for 502 Grace Lane, Austin, TX (MLS® #7523643)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $2,389,000 | $90,000 (3.63%) | |
| Price Reduced | $2,479,000 | $10,000 (0.40%) | |
| Price Reduced | $2,489,000 | $11,000 (0.44%) | |
| Price Reduced (from $3,000,000) | $2,500,000 | $500,000 (16.67%) |
Property Listed by: @ Properties Christie's International
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.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from November 29th, 2023 at 10:05pm CST. 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.