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

    502 Gracelane Ln, Austin, TX 78746

    9beds
    5,000sqft
    : 
    $15,766/mo
    Get pre-qualified
    Single Family Residence
    Built in 1978
    3.74 Acres Lot
    $-- Zestimate®
    $440/sqft
    $-- HOA

    What's special

    Charming duplexSprawling propertyBreathtaking canyon viewsStunning wet weather creekEncompassed by pristine woodlands
    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.
    81 days
    346
    38

    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#: 5388435MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 5
      • Full bathrooms: 5
      • Main level bedrooms: 8
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: See Remarks
      Features
      • See Remarks
      • Flooring: See Remarks
      • Windows: See Remarks
      • Number of fireplaces: 1
      • Fireplace features: See Remarks
      Interior area
      • Total interior livable area: 5,000 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Carport, Garage
      • Garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: See Remarks
      • Exterior features: See Remarks
      • Pool features: None
      • 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
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: See Remarks
      • Roof: Shingle
      Condition
      • See Remarks
      • New construction: No
      • Year built: 1978

      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

      • Price per square foot: $440/sqft
      • 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%$440/sqft
        Source: Unlock MLS #5388435 Report a problem
        7/15/2026Listed for sale$2,250,000$450/sqft
        Source: Unlock MLS #5388435 Report a problem

        Public tax history

        Tax history is unavailable.

        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.
        See how much you could borrow to make a competitive offer.
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        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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