$2,250,000

beds

baths

5,000

square ft

502 Gracelane Ln

Austin, Texas 78746

New / MLS #5388435 / Single Family / Austin

Listing information updated 7/15/2026 at 9:27pm

MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK NO ZONING RESTRICTIONS. INVESTMENT/BUILDER OPPORTUNITY: 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.

Full Features

Exterior Type:

See Remarks

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

See Remarks

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

48 Years

Roof Type:

Shingle

Parking Type:

Detached Carport,Garage

Parking Spaces:

Garage:

Garage - 2 Car(s)

Water Front:

Water Features:

Creek, Dry/Seasonal

Square Feet:

5,000

Lot Size:

3.74 Acres

Acreage:

3.74

Internal Features:

See Remarks, See Remarks

External Features:

See Remarks, See Remarks

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2025

Location

Zip Code:

78746

City:

Austin

County:

Travis

Schools

School District(s):

Eanes ISD

Elementary School:

Forest Trail

Middle School:

West Ridge

High School:

Westlake

Exterior Type:

See Remarks

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Central

Appliances:

See Remarks

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

48 Years

Roof Type:

Shingle

Parking Type:

Detached Carport,Garage

Parking Spaces:

Garage:

Garage - 2 Car(s)

Water Front:

Water Features:

Creek, Dry/Seasonal

Square Feet:

5,000

Lot Size:

3.74 Acres

Acreage:

3.74

Internal Features:

See Remarks, See Remarks

External Features:

See Remarks, See Remarks

Tax Amount:

N/A

Tax Year:

2025

Zip Code:

78746

City:

Austin

County:

Travis

School District(s):

Eanes ISD

Elementary School:

Forest Trail

Middle School:

West Ridge

High School:

Westlake

Listing Office: @ properties Christie's International

Agent Contact Information: (512) 270-8586

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Unlock MLS as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/15/2026 at 9:27pm. 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.