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Active
  • Price cut: $50K (7/22)
    $2,200,000

    502 Grace Ln, Austin, TX 78746

    0beds
    0baths
    3.74Acres
    Unimproved Land
    Built in ----
    3.74 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Sprawling propertyBreathtaking canyon viewsStunning wet weather creekPristine woodlandsAncient forests
    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.
    34 days
    |
    149
    |
    8
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Beth Sher (512) 270-8586,

    Christies Intl Real Estate Lone Star (512) 270-8586,

    Mary Anne McMahon (512) 947-9684,

    Christies Intl Real Estate Lone Star

    Source: Unlock MLS,MLS#: 7216138MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 0
      • Bathrooms: 0

      Property

      Features
      • Exterior features: See Remarks
      • Fencing: Wood
      • Has view: Yes
      • View description: Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
      • Has water view: Yes
      • Water view: Creek/Stream
      • Waterfront features: Creek, Dry/Seasonal
      Lot
      • Size: 3.74 Acres
      • Features: Back to Park/Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
      Details
      • Additional structures: Guest House, Residence, Second Residence
      • Parcel number: 534871
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: See Remarks, Well
      • Utilities for property: See Remarks, Electricity Connected, Natural Gas Available

      Community & HOA

      Community
      • Features: None
      • Subdivision: Rob Roy West
      HOA
      • Has HOA: No
      Location
      • Region: Austin

      Financial & listing details

      • Tax assessed value: $896,771
      • Annual tax amount: $3,683
      • Date on market: 7/15/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/22/2026Price change$2,200,000-2.2%
        Source: Unlock MLS #7216138 Report a problem
        7/15/2026Listed for sale$2,250,000
        Source: Unlock MLS #7216138 Report a problem
        7/15/2026Listing removed$2,250,000
        Source: Unlock MLS #3915094 Report a problem
        6/25/2026Contingent$2,250,000
        Source: Unlock MLS #3915094 Report a problem
        3/7/2026Listed for sale$2,250,000
        Source: Unlock MLS #3915094 Report a problem
        3/6/2026Listing removed$2,250,000
        Source: Unlock MLS #4786732 Report a problem
        11/6/2025Price change$2,250,000-3.8%
        Source: Unlock MLS #7556083 Report a problem
        1/5/2025Listed for sale$2,340,000
        Source: HLMLS as distributed by MLS GRID #171444 Report a problem
        12/20/2024Listing removed$2,340,000
        Source: Unlock MLS #5084395 Report a problem
        10/25/2024Price change$2,340,000-0.2%
        Source: Unlock MLS #6317516 Report a problem
        9/13/2024Listing removed$2,950
        Source: Zillow Rentals Report a problem
        8/29/2024Listed for rent$2,950
        Source: Zillow Rentals Report a problem
        8/8/2024Price change$2,345,000-0.2%
        Source: Unlock MLS #6317516 Report a problem
        7/5/2024Price change$2,349,9990%
        Source: Unlock MLS #6317516 Report a problem
        2/8/2024Listed for sale$2,350,000
        Source: Unlock MLS #6317516 Report a problem
        1/31/2024Listing removed--
        Source: Unlock MLS #5772219 Report a problem
        1/25/2024Price change$2,350,000-1.6%
        Source: Unlock MLS #7523643 Report a problem
        11/15/2023Price change$2,389,000-3.6%
        Source: Unlock MLS #5772219 Report a problem
        10/3/2023Price change$2,479,000-0.4%
        Source: Unlock MLS #7523643 Report a problem
        9/20/2023Price change$2,489,000-0.4%
        Source: Unlock MLS #5772219 Report a problem
        8/15/2023Price change$2,500,000-16.7%
        Source: Unlock MLS #7523643 Report a problem
        4/29/2023Listed for sale$3,000,000
        Source: Unlock MLS #5720548 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,683 +16.9%$896,771 +9.4%
        2024$3,152 +18.5%$819,984 +10%
        2023$2,660 -34.4%$745,440 +10%
        2022$4,053 $677,673 +10%
        2021-- $616,066 +10%
        2020$3,891 +7.8%$560,060 -5%
        2019$3,611 +12.2%$589,346 +27.3%
        2018$3,217 $462,859 +10%
        2017$3,217 -8.7%$420,781 +5.6%
        2016$3,523 $398,399 -8.3%
        2015$3,523 $434,462 +10%
        2014$3,523 $394,965 +10%
        2013-- $359,059
        2012-- $359,059
        2011-- $359,059 +1.8%
        2010-- $352,787 +33.1%
        2007-- $265,054
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 78746

        Getting around

        5 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        5 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Forest Trail
        • Middle: West Ridge
        • High: Westlake
        • District: Eanes ISD

        Source: Unlock MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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