SHAPIROGROUP
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.
Bedrooms
9
Bathrooms
5
Square Feet
5,000
Lot Size
3.74 acres
Year Built
1978
Garage
2 car
Tax Assessed
$1,043,307 (2025)
Type
Single Family
Status
Active
Shapiro Group
Last checked 1h ago.
As assigned by the MLS listing; verify with the district.
502 GraceLane Ln
Austin, TX 78746
Loan Term
Est. Monthly Payment
$13,413
Property tax is figured on the 2025 assessed value of $1,043,307.
Estimates based on 6.5% rate. Actual payments may vary.
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