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502 Grace Ln, Austin, TX, 78746

8beds
6baths
5,062sqft
$2,250,000
$444price/sqft
$13,254/moest. monthly cost
$530,160/yrincome needed

About This Home

INVESTMENT/BUILDER OPPORTUNITY: Seller Financing Option: 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. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 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 restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 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

Getting Around

8
WalkingCar-Dependent
0
TransitNo Nearby Transit
7
BikeSomewhat Bikeable

Schools

9/10
9/10
West Ridge Middle SchoolGrades 6-81.7 mi
8/10
Westlake High SchoolGrades 9-123.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1974

Materials

  • Foundation: Slab
  • Roof: Shingle

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: See Remarks

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1
  • Main level bedrooms: 3

Features

  • See Remarks
  • Window features: See Remarks
  • Flooring: See Remarks
  • Number of fireplaces: 1
  • Fireplace features: Great Room

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 5,062 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 01213401210000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Deck,Patio,Terrace
  • Exterior features: Balcony,Private Yard,See Remarks
  • Fencing: Barbed Wire
  • Has view: Yes
  • View description: Canyon,Creek/Stream,Park/Greenbelt,Trees/Woods
  • Has water view: Yes
  • Water view: Creek/Stream
  • Waterfront features: Creek

Lot

  • Lot size: 3.75 Acres
  • Features: Back to Park/Greenbelt,Back Yard,Gentle Sloping

Parking

  • Total spaces: 2
  • Parking features: Additional Parking,Carport,Circular Driveway,Garage,Garage Faces Side
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2