502 GraceLane LnAustin, TX 78746

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1978

Living area

5,000 Sq Ft

Lot size

3.74 acres

Garage spaces

2

Parking spaces

12

Ownership

Fee-Simple

Days on market

76

MLS^® Listing#

5388435

Property Features

Interior

See Remarks

Cooling

Central Air

Heating

Central

Flooring

See Remarks

Fireplace

See Remarks

Pool

None

Parking

Detached Carport · Garage

Laundry

Laundry Closet

Patio

See Remarks

Fencing

Wood

Lot features

Greenbelt · Native Plants · Pie Shaped Lot · Views

Construction

See Remarks

Foundation

See Remarks

Roof

Shingle

Other structures

Guest House · Residence · Second Residence

Community

None

Utilities

See Remarks · Electricity Connected · Natural Gas Available

Sewer

Septic Tank

Water source

Private · See Remarks · Well

Schools

Elementary

Forest Trail

Middle

West Ridge

High

Westlake

Financial Details

HOA

None

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.