502 GraceLane LN, Austin TX 78746
MLS #244849835 · Christies Intl Real Estate Lone Star · Beth Sher
About this home
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 details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 1978
- Full baths
- 5
- Lot size
- 3.74
- Subdivision
- Rob Roy West
- MLS area
- 8W
- MLS #
- 244849835
Features
Interior features
- See Remarks
Exterior features
- See Remarks
Additional details
- Parking
- Detached Carport, Garage
- Garage spaces
- 2
- Roof
- Shingle
- Foundation
- See Remarks
Location
View Street ViewLoading map…
Schools
Assigned schools per the MLS.
- School district
- Eanes ISD
- Elementary
- Forest Trail
- Middle
- West Ridge
- High
- Westlake
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Similar homes currently for sale nearby, ranked by distance.
Getting around
- Downtown Austin
- 7.6 mi
- Austin-Bergstrom Airport
- 14 mi
Straight-line distance, not drive time.
Market insights
Compared with 244 active homes in ZIP 78746 · HomeLocating listings
At $2,200,000, this home is priced 8% below the $2,385,000 median across 244 active homes in ZIP 78746.
Estimated monthly payment
Home price
$2,200,000
Down payment
20% ($440,000)
Loan details
30-yr fixed, 6.50%
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Listing courtesy of Christies Intl Real Estate Lone Star · Beth Sher
Listing data last updated Oct 2, 2026, 11:46 PM
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