502 Grace Lane

Austin, TX 78746

$2,345,000
Price
163,219 / 3.75
Lot Size / Acres

Description

INVESTMENT OPPORTUNITY: Seller Financing. Whether you seek a sprawling estate, a community haven, or a source of income, the choice is yours. 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...INVESTMENT OPPORTUNITY: Seller Financing. Whether you seek a sprawling estate, a community haven, or a source of income, the choice is yours. 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. 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.
  1. Listed by Beth Sher • TREC #0550613 • @ properties Christie's International • (512) 368-8078
  2. Listed by Mary Anne McMahon • TREC #0499106 • @ properties Christie's International

Property Details for 502 Grace Lane

Subdivision Name
Rob Roy West
Waterfront
No
Waterfront Description
Creek
Water Access Description
Creek
View
Canyon, Park/Greenbelt, Creek/Stream, Trees/Woods
View YN
Yes
Parcel Number
01213401210001
Elementary School
Valley View
LISTING UPDATED: 08/14/2024 09:50 AM

Property Details for 502 Grace Lane

StatusActive
MLS #5084395
Days on Market226
Taxes$4,053 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size3.75 AC
CountyTravis County

Building Information for 502 Grace Lane

Lot Size3.75 AC

Property Information for 502 Grace Lane

General Information
Interior
Exterior
  • New Construction: No
  • Community Features: None
Property Information
Lot Information
  • FEMA Flood Plain: No
  • Lot Features: Back Yard, Backs to Greenbelt/Park, Gentle Sloping
  • Zoning: No Zoning Restricitons
  • Horse: No
  • Corporate Owner Allowed YN: Yes
  • Horse Amenities: None
Utilities
  • Sewer: Septic Tank
  • Utilities: Above Ground Utilities, Electricity Available, Propane, Water Available
  • Water Source: Municipal Utility District
Financial Information
Taxes and HOA Information
  • Tax Assessed Value: $1,271,427
  • Additional Parcels: No
  • Tax Year: 2022
  • Tax Rate: 1.90%
Showing Information
Showing Information
  • Directions: Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.

Property History for 502 Grace Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Grace Lane

Taxable ValueLand$240,000Additions$431,790Total$671,790
Home Facts
Beds0Total Finished SqFt2,493 SqFtAbove Grade Finished SqFt2,493 SqFtStories2Lot Size163,437 SqFtStyleSingle Family ResidenceYear Built1974CountyTRAVISAPN521480Fireplace TypeHas Fireplace

Schools near 502 Grace Lane

This home is within Eanes Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Barton Creek Elementary School
PublicK to 5

West Ridge Middle School
Public6 to 8

Westlake High School
Public9 to 12

Westlake Alternative School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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502 Grace Lane is a 3.75 ac of land for sale in Austin, TX 78746. This property was listed for sale on February 7, 2024 by @ properties Christie's International, it's currently listed at $2,345,000. This listing's school district is Eanes Independent School District. Nearby schools include Barton Creek Elementary School, West Ridge Middle School and Westlake High School. 502 Grace Lane is a 0-bed, 0-bath, 3.75 ac of land on a 163,219 sq. ft. / 3.75 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of @ properties Christie's International, Beth Sher, TREC #0550613; @ properties Christie's International, Mary Anne McMahon, TREC #0499106

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.