502 GraceLane LN Austin TX 78746 | MLS #5388435

MLS #5388435 image #0
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 convenience and self-sufficiency. Three structures totaling 5000 sq ft await your arrival. 2500 sq ft home, 2 bed 1 bath duplex 1500 sq ft. and 500 sq ft guest house.
Current real estate data for Single Family in Austin as of Sep 18, 2026
3,866
Single Family Listed
93
Avg DOM
373
Avg $ / SqFt
$965,444
Avg List Price
Listing Provided Courtesy of Christies Intl Real Estate Lone Star

Property Details

Price:
$2,200,000
MLS #:
5388435
Status:
Active
Beds:
9
Baths:
5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Rob Roy West
Listed Date:
Jul 15, 2026
Finished Sq Ft:
5,000
Lot Size:
162,914 sqft / 3.74 acres (approx)
Year Built:
1978
Community EquestrianRob Roy WestEanes IsdForest TrailWest RidgeWestlake

Schools

School District:
Eanes ISD
Elementary School:
Forest Trail
Middle School:
West Ridge
High School:
Westlake

Interior

Appliances
See Remarks
Bathrooms
5 Full Bathrooms
Cooling
Central Air
Fireplaces Total
1
Flooring
See Remarks
Heating
Central
Interior Features
See Remarks
Levels
Two
Main Level Bedrooms
8

Exterior

Accessibility Features
None
Community Features
None
Covered Spaces
2
Direction Faces
West
Exterior Features
See Remarks
Fencing
Wood
Garage Spaces
2
Lot Features
Back to Park/Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
Other Structures
Guest House, Residence, Second Residence
Parking Features
Detached Carport, Garage
Patio And Porch Features
See Remarks
Roof
Shingle
View
Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
Waterfront Features
Creek, Dry/Seasonal
Window Features
See Remarks

Financial

Map

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Property Summary

    Located in the Rob Roy West subdivision, 502 GraceLane LN Austin TX is a Single Family for sale in Austin, TX, 78746. It is listed for $2,200,000 and features 9 beds, 5 baths, and has approximately 5,000 square feet of living space, and was originally constructed in 1978. The current price per square foot is $440. The average price per square foot for Single Family listings in Austin is $373. The average listing price for Single Family in Austin is $965,444. To schedule a showing of MLS#5388435 at 502 GraceLane LN in Austin, TX, contact your Compass RE Texas, LLC agent at 5126982822.

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