502 Gracelane Ln Austin, TX 78746
Westlake NeighborhoodEstimated payment $14,339/month
Highlights
- Additional Residence on Property
- Horses Allowed On Property
- View of Trees or Woods
- Barton Creek Elementary School Rated A+
- Home fronts a creek
- 3.74 Acre Lot
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 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.
Listing Agent
Christies Intl Real Estate Lone Star Brokerage Phone: (512) 270-8586 License #0550613 Listed on: 07/15/2026
Co-Listing Agent
Christies Intl Real Estate Lone Star Brokerage Phone: (512) 270-8586 License #0499106
Home Details
Home Type
- Single Family
Year Built
- Built in 1978
Lot Details
- 3.74 Acre Lot
- Home fronts a creek
- West Facing Home
- Wood Fence
- Native Plants
- Pie Shaped Lot
- Wooded Lot
Parking
- 2 Car Garage
- Detached Carport Space
Property Views
- Woods
- Creek or Stream
- Hills
- Seasonal
- Park or Greenbelt
Home Design
- Shingle Roof
Interior Spaces
- 5,000 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Laundry closet
Bedrooms and Bathrooms
- 9 Bedrooms | 8 Main Level Bedrooms
- 5 Full Bathrooms
Additional Homes
- Additional Residence on Property
- Residence on Property
Schools
- Forest Trail Elementary School
- West Ridge Middle School
- Westlake High School
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- Central Heating and Cooling System
- Well
- Septic Tank
Community Details
- No Home Owners Association
- Rob Roy West Subdivision
- Greenbelt
Listing and Financial Details
- Assessor Parcel Number 534871
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | Price Changed | $2,200,000 | -2.2% | $440 / Sq Ft |
| 07/15/2026 07/15/26 | For Sale | $2,250,000 | -- | $450 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 5388435
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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. 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Unlock MLS (Austin Board of REALTORS®) as distributed by MLS GRID
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Ask me questions while you tour the home.