About 3506 Grayson Lane
Prime development opportunity in 78722—value is in the land and location. This .158-acre, level lot offers excellent frontage and mature trees, surrounded by new construction and ongoing revitalization. Refer to survey. The existing structure is a complete renovation or tear-down and should be accessed at your own risk; the lot itself is easy to walk. Ideally located just minutes from Downtown Austin and approximately 1.5 miles from Mueller, with convenient access to IH-35, Airport Blvd, and 183. A compelling opportunity for builders, developers, or buyers looking to create a custom home or pursue a redevelopment project in a high-demand East Austin neighborhood with strong resale potential. Endless possibilities in a prime location.
Residential home for sale in Austin, TX at 3506 Grayson Lane. This 3 bedrooms and 1.00 bathroom residential home is priced at $366.30/sqft
Features of 3506 Grayson Lane
| MLS® # | 1954846 |
|---|---|
| Price | $400,000 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,092 |
| Acres | 0.16 |
| Year Built | 1950 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information: Austin
| Address | 3506 Grayson Lane |
|---|---|
| Area | 3 |
| Subdivision | Giles Place Sec 02 |
| City | Austin |
| County | Travis |
| State | TX |
| Zip Code | 78722 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Features | None |
| Parking | Driveway |
| View | None |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior | See Remarks |
|---|---|
| Heating | None |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Lot Description | Back Yard, Front Yard, Level |
| Roof | Composition |
| Construction | Vertical Siding |
| Foundation | Slab |
School Information
| District | Austin ISD |
|---|---|
| Elementary | Maplewood |
| Middle | Kealing |
| High | McCallum |
Additional Information
| Date Listed | January 9th, 2026 |
|---|---|
| Days on Market | 37 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass RE Texas, LLC |
|---|---|
| Contact Details | (512) 575-3644 |