502 Gracelane Ln, Austin, TX 78746

Austin
Local realty services provided by:Better Homes and Gardens Real Estate Hometown
Listed by: beth sher, mary anne mcmahon
Office: christies intl real estate lone star
MLS#:5388435
Source:ACTRIS
502 Gracelane Ln,Austin, TX 78746
$2,200,000
  • 9 Beds
  • 5 Baths
  • 5,000 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$440

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...

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Home facts

  • Year built:1978
  • Listing ID #:5388435
  • Updated:July 25, 2026 at 12:44 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:5,000 sq. ft.

Heating and cooling

  • Cooling:Central
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1978
  • Building area:5,000 sq. ft.
  • Lot area:3.74 Acres
  • Lot Features:Native Plants, Pie Shaped Lot, Trees-Moderate

Schools

  • High school:Westlake
  • Elementary school:Forest Trail

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$440

Features and amenities

  • Appliances:See Remarks

Parking

  • Total parking spaces:12
  • Parking description:Detached Carport, Garage
  • Garage:Yes
  • Garage spaces:2
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