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Active under contract
    • $2,250,000

    502 Grace Ln, Austin, TX 78746

    8beds
    5,062sqft
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    Single Family Residence
    Built in 1974
    3.75 Acres Lot
    $-- Zestimate®
    $444/sqft
    $-- HOA

    What's special

    Charming duplexBreathtaking canyon viewsPristine woodlandsAncient forests
    INVESTMENT/BUILDER OPPORTUNITY: Seller Financing Option: 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. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 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 restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 2600 sq ft home, 2 bed 1 bath duplex and 500 sq ft guest house. MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS NO ZONING RESTRICTIONS. LEGAL TRACT EXEMPT FROM REQUIREMENT TO PLAT
    117 days
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    372
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    18
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    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#: 3915094MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      • Main level bedrooms: 3
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: See Remarks
      Features
      • See Remarks
      • Flooring: See Remarks
      • Windows: See Remarks
      • Number of fireplaces: 1
      • Fireplace features: Great Room
      Interior area
      • Total interior livable area: 5,062 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
      • Garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck, Patio, Terrace
      • Exterior features: Balcony, Private Yard, See Remarks
      • Pool features: None
      • Fencing: Barbed Wire
      • Has view: Yes
      • View description: Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods
      • Has water view: Yes
      • Water view: Creek/Stream
      • Waterfront features: Creek
      Lot
      • Size: 3.75 Acres
      • Features: Back to Park/Greenbelt, Back Yard, Gentle Sloping
      Details
      • Additional structures: Guest House, Second Residence
      • Parcel number: 01213401210000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 1974

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Municipal Utility District (MUD)
      • Utilities for property: Above Ground, Electricity Available, Propane, Water Available

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $444/sqft
      • Tax assessed value: $896,771
      • Annual tax amount: $3,683
      • Date on market: 3/7/2026
      • Listing terms: Cash,Conventional,FHA
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/25/2026Contingent$2,250,000$444/sqft
        Source: Unlock MLS #3915094 Report a problem
        3/7/2026Listed for sale$2,250,000$444/sqft
        Source: Unlock MLS #3915094 Report a problem
        3/6/2026Listing removed$2,250,000$444/sqft
        Source: Unlock MLS #4786732 Report a problem
        11/6/2025Price change$2,250,000-3.8%$444/sqft
        Source: Unlock MLS #7556083 Report a problem
        1/5/2025Listed for sale$2,340,000$462/sqft
        Source: HLMLS as distributed by MLS GRID #171444 Report a problem
        12/20/2024Listing removed$2,340,000$462/sqft
        Source: Unlock MLS #5084395 Report a problem
        10/25/2024Price change$2,340,000-0.2%$462/sqft
        Source: Unlock MLS #6317516 Report a problem
        9/13/2024Listing removed$2,950$1/sqft
        Source: Zillow Rentals Report a problem
        8/29/2024Listed for rent$2,950$1/sqft
        Source: Zillow Rentals Report a problem
        8/8/2024Price change$2,345,000-0.2%$463/sqft
        Source: Unlock MLS #6317516 Report a problem
        7/5/2024Price change$2,349,9990%$464/sqft
        Source: Unlock MLS #6317516 Report a problem
        2/8/2024Listed for sale$2,350,000$464/sqft
        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%$464/sqft
        Source: Unlock MLS #7523643 Report a problem
        11/15/2023Price change$2,389,000-3.6%$472/sqft
        Source: Unlock MLS #5772219 Report a problem
        10/3/2023Price change$2,479,000-0.4%$490/sqft
        Source: Unlock MLS #7523643 Report a problem
        9/20/2023Price change$2,489,000-0.4%$492/sqft
        Source: Unlock MLS #5772219 Report a problem
        8/15/2023Price change$2,500,000-16.7%$494/sqft
        Source: Unlock MLS #7523643 Report a problem
        4/29/2023Listed for sale$3,000,000$593/sqft
        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

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 78746

        Getting around

        8 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        7 / 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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