502 Grace LN

Austin, TX 78746 View Map $2,350,000 Schedule a Tour
Beds8
Baths5Full11/2
Sq.Ft.5,062
Year1974

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Status: Active
Property Type:House
MLS #:6317516
Sq. Feet:5,062
On Site:19 Days
Lot Size:3.75 Acres
County:Travis
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.

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ABOUT 502 Grace LN, Austin, TX 78746 - MLS 6317516

In Travis County, this property is located at 502 Grace LN in the Rob Roy West neighborhood of Austin, with a current listing price of $2,350,000. This 5062 square foot house for sale has 8 bedrooms, 6 baths, and is situated on 3.75 acres of land.

For more information about 502 Grace LN, see more details below as entered by the listing brokerage, including property taxes, year built, assigned schools, type of construction, exterior and interior features, locations, views, and any neighborhood amenities in Rob Roy West.

Call The RealFX Group to get into your Austin area dream home today! Our local agents are experts in the Austin real estate market and are committed to providing outstanding service. To tour MLS #6317516 today, connect with an agent at (512) 956-7390.


Community Information

Address:502 Grace LN, Austin, TX 78746
County:Travis
City:Austin
Subdivision:Rob Roy West
Zip Code:78746

School Information

School:Eanes ISD
High School:Westlake
Middle School:West Ridge
Elementary School:Valley View

Architecture

Bedrooms: 8
Bathrooms: 5 Full / 1 Half
Year Built:1974
Stories:Two
Construction Materials: Brick, HardiPlank Type
Roof: Shingle
Foundation: Slab
Garage Yes/No: Yes
Attached Garage Yes/No: No
Garage Spaces: 2
Parking Features: Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
Covered Spaces: 2

Features / Amenities

Fireplace Features: Great Room
Exterior Features: Balcony, Private Yard
Patio And Porch: Deck, Patio, Terrace
Direction Faces: East
Other Structures: Guest House, Second Residence
Cooling: Central Air
Heating: Central

Rooms

Level
Primary BedroomSecond
KitchenMain
Living RoomMain
Primary BathroomSecond

Property Features

Lot Size: 3.75 Acres
Lot Features: Back to Park/Greenbelt, Back Yard, Gentle Sloping
Waterfront: Creek
View: Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods
Utilities: Above Ground, Electricity Available, Propane, Water Available
Sewer: Septic Tank
Water: Municipal Utility District (MUD)
Fencing: Barbed Wire
Directions:Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.

Tax and Financial Info

Terms: Cash, Conventional
Buyer Agency Compensation: 3.000%
Sub Agency Compensation Type: 1.000%
Possession: Close Of Escrow

Schools

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502 Grace LN Austin,  TX 78746
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502 Grace LN Austin, TX 78746
 
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Listing provided courtesy of @ Properties Christie's International (512-368-8078).
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listings courtesy of ACTRIS MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of February 25, 2024 12:30 PM CST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.