502 Grace Lane

Austin, TX 78746

$2,350,000
Price
8
Beds
5
Baths
1
1/2 Bath
5,062 Sq. Ft.
$464 / Sq. Ft.
5,062
Sq. Ft.
$464
per Sq. Ft.

Description

Livable 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 The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer's or developer's dream lot, depending on the path the new owner decides to take....Livable 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 The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer's or developer's dream lot, depending on the path the new owner decides to take. The property is just under a four-acre wooded tract in Rob Roy West, situated near Bee Cave Road, which could be cleared and constructed into a vast single-family estate, serving as the first option. Secondly, it has the potential to be transformed into a condo or apartment development. Thirdly, it could be utilized as an income-generating property, as it already has a large rock house, two two-bedroom in duplex 1600 sq ft , and a one-bedroom cottage/guest house that is available for immediate occupancy. The property deed has no restrictions, as it has been grandfathered since the 1970s. The property is located in the Eanes Independent School District and the City of Austin ETJ. Additionally, there are multiple Austin Electric meters on the property, a 950-foot deep well that supplies water, and two MUD districts located in close proximity. Three structures total of 5062 sq ft. Please contact me for Survey.
  1. Listed by Beth Sher • TREC #0550613 • @ properties Christie's International • (512) 368-8078
  2. Listed by Mary Anne McMahon • TREC #0499106 • @ properties Christie's International

Property Details for 502 Grace Lane

Subdivision Name
Rob Roy West
Waterfront
No
Waterfront Description
Creek
Water Access Description
Creek
View
Canyon, Park/Greenbelt, Creek/Stream, Trees/Woods
View YN
Yes
Parcel Number
01213401210000
Tax Lot
ABS 734

Location

Listing Courtesy of @ properties Christie's International, Beth Sher, TREC #0550613; @ properties Christie's International, Mary Anne McMahon, TREC #0499106
Add your commute
LISTING UPDATED: 02/07/2024 02:36 PM

Property Details for 502 Grace Lane

StatusActive
MLS #6317516
Days on Market82
Taxes$4,053 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1974
Lot Size3.75 AC / 163,219 SF
CountyTravis County

Location

Listing Courtesy of @ properties Christie's International, Beth Sher, TREC #0550613; @ properties Christie's International, Mary Anne McMahon, TREC #0499106
Add your commute

Building Information for 502 Grace Lane

Stories2Year Built1974Building Size-Lot Size3.75 AC / 163,219 SF

Payment Calculator

$13,163 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$338

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 502 Grace Lane

General Information
Parking
  • Garage Spaces: 2
  • Parking Total: 10
  • Parking Features: Additional Parking, Circular Driveway, Carport, Garage, Garage Faces Side
  • Carport: Yes
  • Garage: Yes
  • Covered Spaces: 2
Interior
  • Interior Features: See Remarks
  • Flooring: See Remarks
  • Appliances: See Remarks
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Fireplace Features: Great Room
  • Restrictions: No Restrictions
Exterior
  • Exterior Features: Balcony, Private Yard, See Remarks
  • New Construction: No
  • Construction Materials: Brick, HardiPlank Type
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio, Terrace, Balcony
  • Roof: Shingle
  • Fencing: Barbed Wire
  • Direction Faces: East
  • Window Features: See Remarks
  • Accessibility Features: None
  • Community Features: None
Property Information
Lot Information
  • Lot Features: Back Yard, Backs to Greenbelt/Park, Gentle Sloping
  • Horse: No
  • Horse Amenities: None
Utilities
  • Cooling YN: Yes
  • Cooling: Central Air
  • Heating YN: Yes
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Above Ground Utilities, Electricity Available, Propane, Water Available
  • Water Source: Municipal Utility District
Green Features
  • Green Energy Efficient: See Remarks
Room Information
Room 1
  • Room Type: Primary Bathroom
  • Room Level: Second
  • Room Features: None
Room 2
  • Room Type: Primary Bedroom
  • Room Level: Second
  • Room Features: None
Room 3
  • Room Type: Kitchen
  • Room Level: Main
  • Room Features: Dining Area
Room 4
  • Room Type: Living Room
  • Room Level: Main
  • Room Features: High Ceilings
  • Room Description: Fireplace
Unit Information
Unit 1
  • Permission: IDX
Unit 2
  • Permission: IDX
Unit 3
  • Permission: IDX
Unit 4
  • Permission: IDX
Financial Information
Taxes and HOA Information
  • Association: No
  • Tax Assessed Value: $1,271,427
  • Additional Parcels: No
  • Tax Year: 2022
  • Tax Rate: 1.90%
Showing Information
Showing Information
  • Security Features: None
  • Directions: Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.

Property History for 502 Grace Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Grace Lane

Taxable ValueLand$240,000Additions$431,790Total$671,790
Home Facts
Beds0Total Finished SqFt2,493 SqFtAbove Grade Finished SqFt2,493 SqFtStories2Lot Size163,437 SqFtStyleSingle Family ResidenceYear Built1974CountyTRAVISAPN521480Fireplace TypeHas Fireplace

Schools near 502 Grace Lane

This home is within Eanes Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Barton Creek Elementary School
PublicK to 5

West Ridge Middle School
Public6 to 8

Westlake High School
Public9 to 12

Westlake Alternative School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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502 Grace Lane is a single family home for sale in Austin, TX 78746. This property was listed for sale on February 7, 2024 by @ properties Christie's International, it's currently listed at $2,350,000. This listing's school district is Eanes Independent School District. Nearby schools include Barton Creek Elementary School, West Ridge Middle School and Westlake High School. 502 Grace Lane is a 8-bed, 5.5-bath, 5,062 sqft single family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of @ properties Christie's International, Beth Sher, TREC #0550613; @ properties Christie's International, Mary Anne McMahon, TREC #0499106

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.