502 Grace Lane, Austin, TX

$2,350,000

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8

Beds

6

Baths

5,062

Square feet

3.75

Acres

About 502 Grace Lane

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.

Residential home for sale in Austin, TX at 502 Grace Lane. This 8 bedrooms and 6.00 bathrooms residential home is priced at $464.24/sqft

Features of 502 Grace Lane

MLS® # 6317516
Price $2,350,000
Bedrooms 8
Bathrooms 6.00
Full Baths 5
Half Baths 1
Square Footage 5,062
Acres 3.75
Year Built 1974
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information: Austin

Address 502 Grace Lane
Area 8W
Subdivision Rob Roy West
City Austin
County Travis
State TX
Zip Code 78746

Amenities

Utilities Electricity Available, Propane, Water Available, Above Ground Utilities
Features None
Parking Additional Parking, Garage, Carport, Circular Driveway, Garage Faces Side
Garage Spaces 2
View Park/Greenbelt, Creek/Stream, Trees/Woods, Canyon
Is Waterfront No
Waterfront Creek
Has Pool No

Interior

Interior See Remarks
Appliances See Remarks
Heating Central
Fireplace Yes
# of Fireplaces 1
Fireplaces Great Room
# of Stories 2
Stories Two

Exterior

Exterior Features Balcony, Private Yard, See Remarks
Lot Description Back Yard, Backs to Greenbelt/Park, Gentle Sloping
Roof Shingle
Construction Brick, HardiPlank Type
Foundation Slab

School Information

District Eanes ISD
Elementary Valley View
Middle West Ridge
High Westlake

Additional Information

Date Listed February 7th, 2024
Days on Market 76
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Office@ properties Christie's International
Contact Details(512) 368-8078

Listing Map

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