502 GraceLane LnAustin, TX 78746

Description

NO ZONING RESTRICTIONS. INVESTMENT/BUILDER OPPORTUNITY MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK 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 to utilize the buildings for commercial, 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 propane tanks ensure convenience and self-sufficiency. Three structures totaling approx 5000 sq ft await your arrival. 2500 sq ft home, 2 bed 1 bath duplex 1500 sq ft. and 589 sq ft guest house.

Property Information

Property type

Commercial Sale

Year built

1978

Building area

5,000 Sq Ft

Lot size

3.74 acres

Parking spaces

12

Days on market

82

MLS^® Listing#

4212388

Property Features

Cooling

Central Air

Heating

Central

Flooring

See Remarks

Parking

Detached Carport · Garage

Construction

See Remarks

Foundation

See Remarks

Other structures

Guest House · Residence · Second Residence

Utilities

See Remarks · Electricity Connected · Natural Gas Available

Sewer

Septic Tank

Water source

Private · See Remarks · Well

Financial Details

Annual taxes

$5,484Tax year 2025

Assessed value

$1,043,307

Parcel number

534871

Directions

Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.