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.
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
- 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#: 7216138
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Video & virtual tour
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
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Price change | $2,200,000-2.2% |
Source: | ||
| 7/15/2026 | Listed for sale | $2,250,000 |
Source: | ||
| 7/15/2026 | Listing removed | $2,250,000 |
Source: | ||
| 6/25/2026 | Contingent | $2,250,000 |
Source: | ||
| 3/7/2026 | Listed for sale | $2,250,000 |
Source: | ||
| 3/6/2026 | Listing removed | $2,250,000 |
Source: | ||
| 11/6/2025 | Price change | $2,250,000-3.8% |
Source: | ||
| 1/5/2025 | Listed for sale | $2,340,000 |
Source: | ||
| 12/20/2024 | Listing removed | $2,340,000 |
Source: | ||
| 10/25/2024 | Price change | $2,340,000-0.2% |
Source: | ||
| 9/13/2024 | Listing removed | $2,950 |
Source: Zillow Rentals Report a problem | ||
| 8/29/2024 | Listed for rent | $2,950 |
Source: Zillow Rentals Report a problem | ||
| 8/8/2024 | Price change | $2,345,000-0.2% |
Source: | ||
| 7/5/2024 | Price change | $2,349,9990% |
Source: | ||
| 2/8/2024 | Listed for sale | $2,350,000 |
Source: | ||
| 1/31/2024 | Listing removed | -- |
Source: | ||
| 1/25/2024 | Price change | $2,350,000-1.6% |
Source: | ||
| 11/15/2023 | Price change | $2,389,000-3.6% |
Source: | ||
| 10/3/2023 | Price change | $2,479,000-0.4% |
Source: | ||
| 9/20/2023 | Price change | $2,489,000-0.4% |
Source: | ||
| 8/15/2023 | Price change | $2,500,000-16.7% |
Source: | ||
| 4/29/2023 | Listed for sale | $3,000,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
Climate risks
Neighborhood: 78746
Nearby schools
GreatSchools rating
- 10/10Forest Trail Elementary SchoolGrades: K-5Distance: 3.2 mi
- 10/10West Ridge Middle SchoolGrades: 6-8Distance: 1.6 mi
- 9/10Westlake High SchoolGrades: 9-12Distance: 3.8 mi
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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