Water Views
Address
502 Gracelane Ln, Austin, TX
Price
$ 2,200,000
Property Attributes
- MLS#5388435
- TypeSingle Family
- Listing Status Active
- CountyTRAVIS
- CityAustin
- Area8W
- NeighborhoodRob Roy West
- Zip78746
- StyleSingle Family Residence
- Year Built1978
- Taxes$ 5484
- Price$ 2,200,000
- Bedrooms9
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage5000
- Lot Size3.74 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description
MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK INVESTMENT/BUILDER OPPORTUNITY: No Zoning Restrictions 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Forest Trail Elementary School | West Ridge Middle School | Westlake High School |
| Price History | |
|---|---|
| 7/15/2026 | Listed $2,250,000 |
| 7/22/2026 | 3$2,200,000 |
General Features
| Living Area | 5000 |
|---|---|
| Sewer | Septic Tank |
| Heating | Central |
| Cooling | Central Air |
| Utilities | See Remarks,Electricity Connected,Natural Gas Available |
| Roof | Shingle |
| Appliances | See Remarks |
| Garage Spaces | 2 |
| Patio/Porch Features | See Remarks |
| Pool Features | None |
| Construction Materials | See Remarks |
| Year Built | 1978 |
| View | Creek/Stream,Hill Country,Park/Greenbelt,Trees/Woods |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | Creek,Dry/Seasonal |
| Community Features | None |
| Accessibility | None |
| County | Travis |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Energy Efficient | None |
| Subdivision Name | Rob Roy West |
| Facing Direction | West |
| Green Sustainability | None |
| Other Structures | Guest House,Residence,Second Residence |
| Full Baths | 5 |
| Status | Active |
| Directions | Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road. |
| High School | Westlake |
| City | Austin |
| Disclosures | See Remarks |
| MLS Area | 8W |
| Lot Size Square Feet | 162914.4 |
| Elementary School | Forest Trail |
| Middle/Junior High School | West Ridge |
| Property Condition | See Remarks |
| Virtual Tour | https://youtube.com/shorts/kk78XcrFBQ8?is=KvFlSM_67FvMagOP |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 1043307 |
| Virtual Tour | https://youtu.be/IlN4ZaJWsEQ |
Interior Features
| Interior Amenities | See Remarks |
|---|---|
| Flooring | See Remarks |
| Total Fireplaces | 1 |
| Fireplace Features | See Remarks |
| Window Features | See Remarks |
| Total Bedrooms | 9 |
| Main Level Bedrooms | 8 |
| LivingAreaSource | Public Records |
| Total Baths | 5 |
Exterior Features
| Exterior Amenities | See Remarks |
|---|---|
| Fencing | Wood |
| Parking Features | Detached Carport,Garage |
| Lot Features | Greenbelt,Native Plants,Pie Shaped Lot,Trees-Moderate,Views |
| Water Source | See Remarks,Well |
| Total Parking | 12 |
| Foundation Details | See Remarks |
| Lot Size Acres | 3.74 |
| Waterfront Y/N | No |
| Covered Spaces | 2 |
| Horse Y/N | Yes |
| Horse Amenities | See Remarks |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78746
Price
Taxes
Year Built
Visits
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Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
