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502 GraceLane LN

$2,250,000
502 GraceLane LN, Austin, TX 78746
502 GraceLane LN

502 GraceLane LN

$2,250,000

MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK
NO ZONING RESTRICTIONS. INVESTMENT/BUILDER OPPORTUNITY: 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. The possibilities are endless. The property itself is a wonderland. A comfortable 2500 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 zoning restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and potential for MUD districts ensure convenience and self-sufficiency. Three structures totaling 5000 sq ft await your arrival. 2500 sq ft home, 2 bed 1 bath duplex 1500 sq ft. and 500 sq ft guest house.
Mary Anne McMahon
Mary Anne McMahon Contact

Property Video

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Features & Amenities

Interior

Total Bedrooms 4
Total Bathrooms 2
Full Bathrooms 2
Flooring See Remarks
Fireplace See Remarks
Appliances See Remarks
Other Interior Features See Remarks

Exterior

Stories 2
Garage Space 2.0
Water Source See Remarks, Well
Utilities See Remarks, Electricity Connected, Natural Gas Available
POOL None
ROOF Shingle
Lot Features Back to Park/Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
Parking Detached Carport, Garage
Heat type Central
Air Conditioning Central Air
Sewer Septic Tank
Substructure See Remarks
Disability Features None
Other Exterior Features See Remarks

Area & Lot

Status For Sale
LIVING SPACE 5,000 Sq.Ft.
LOT SIZE 3.74 Acres
MLS® ID 5388435
Type Residential
Year Built 1978
Water Frontage Creek, Dry/Seasonal
View Description Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
ELEMENTARY SCHOOL Forest Trail
MIDDLE SCHOOL West Ridge
HIGH SCHOOL Westlake
School District Eanes ISD

Financial

SALES PRICE $2,250,000
REAL ESTATE TAXES $5,484/yr
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Schedule a Showing

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Thank you for your interest in 502 GraceLane LN, Austin, TX 78746. We are reviewing your request and will be in touch shortly!

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