502 Grace Ln Austin, TX 78746
Estimated payment $13,013/month
Total Views
32,747
8
Beds
5.5
Baths
5,062
Sq Ft
$462
Price per Sq Ft
Highlights
- Additional Residence on Property
- Home fronts a creek
- Deck
- Barton Creek Elementary School Rated A+
- View of Trees or Woods
- High Ceiling
About This Home
INVESTMENT/BUILDER OPPORTUNITY IN TRAVIS COUNTY NOT IN THE ETJ: 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
Listing Agent
Christie's Int'l Real Estate Brokerage Phone: (512) 368-8078 License #0550613 Listed on: 04/22/2025
Co-Listing Agent
Christie's Int'l Real Estate Brokerage Phone: (512) 368-8078 License #0499106
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,152
Year Built
- Built in 1974
Lot Details
- 3.75 Acre Lot
- Home fronts a creek
- East Facing Home
- Barbed Wire
- Gentle Sloping Lot
- Private Yard
- Back Yard
Parking
- 2 Car Garage
- Carport
- Side Facing Garage
- Circular Driveway
- Additional Parking
Property Views
- Woods
- Canyon
- Creek or Stream
- Park or Greenbelt
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- HardiePlank Type
Interior Spaces
- 5,062 Sq Ft Home
- 2-Story Property
- High Ceiling
- Great Room with Fireplace
- Living Room
- Dining Room
Bedrooms and Bathrooms
- 8 Bedrooms | 3 Main Level Bedrooms
Outdoor Features
- Balcony
- Deck
- Patio
- Terrace
Additional Homes
- Additional Residence on Property
Schools
- Forest Trail Elementary School
- West Ridge Middle School
- Westlake High School
Utilities
- Central Heating and Cooling System
- Above Ground Utilities
- Propane
- Municipal Utilities District Water
- Septic Tank
Community Details
- No Home Owners Association
- Rob Roy West Subdivision
Listing and Financial Details
- Assessor Parcel Number 01213401210000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,152 | $896,771 | $312,432 | $584,339 |
| 2023 | $2,660 | $745,440 | $0 | $0 |
| 2022 | $4,053 | $677,673 | $0 | $0 |
| 2021 | $10,042 | $616,066 | $240,000 | $431,790 |
| 2020 | $9,548 | $560,060 | $200,000 | $389,346 |
| 2018 | $8,222 | $462,859 | $112,500 | $355,816 |
| 2017 | $7,603 | $420,781 | $135,000 | $285,781 |
| 2016 | $7,198 | $398,399 | $112,500 | $285,899 |
| 2015 | $3,523 | $434,462 | $112,500 | $332,545 |
| 2014 | $3,523 | $394,965 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | For Sale | $2,340,000 | -- | $462 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Commonwealth Land Title Co | |
| Warranty Deed | -- | Title Agency | |
| Warranty Deed | -- | Title Agency | |
| Warranty Deed | -- | Title Agency | |
| Warranty Deed | -- | Title Agency | |
| Warranty Deed | -- | Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $4,000 | Seller Take Back | |
| Previous Owner | $7,000 | Seller Take Back |
Source: Public Records
Similar Homes in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 7556083
APN: 521480
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