502 Gracelane Lane, Austin, TX

$2,200,000

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9

Beds

5

Baths

5,000

Square feet

3.74

Acres

About 502 Gracelane Lane

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.

Features of 502 Gracelane Lane

MLS® # 5388435
Price $2,200,000
Bedrooms 9
Bathrooms 5.00
Full Baths 5
Square Footage 5,000
Acres 3.74
Year Built 1978
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 502 Gracelane Lane
Area 8W
Subdivision Rob Roy West
City Austin
County Travis
State TX
Zip Code 78746

Amenities

Utilities Electricity Connected, Natural Gas Available, See Remarks
Features None
Parking Detached Carport, Garage
Garage Spaces 2
View Park/Greenbelt, Hills, Trees/Woods, Creek/Stream
Is Waterfront No
Waterfront Creek, Seasonal
Has Pool No

Interior

Interior See Remarks
Interior Features See Remarks
Appliances See Remarks
Heating Central
Fireplace Yes
# of Fireplaces 1
Fireplaces See Remarks
# of Stories 2
Stories Two
Master On Main No

Exterior

Exterior Features See Remarks
Lot Description Backs to Greenbelt/Park, Moderate Trees, Native Plants, Views, Pie Shaped Lot
Roof Shingle
Construction See Remarks
Foundation See Remarks

School Information

District Eanes ISD
Elementary Forest Trail
Middle West Ridge
High Westlake

Additional Information

Date Listed July 15th, 2026
Days on Market 30
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeChristies Intl Real Estate Lone Star
Contact Info(512) 270-8586

Listing Map

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