• 502 Grace Lane Austin, TX 78746

  • $2,350,000
  • 8
    Bed(s)
  • 5
    Baths
  • 5,062
    Sq Ft
  • 3.747
    Acres

Livable 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 The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer's or developer's dream lot, depending on the path the new owner decides to take. The property is just under a four-acre wooded tract in Rob Roy West, situated near Bee Cave Road, which could be cleared and constructed into a vast single-family estate, serving as the first option. Secondly, it has the potential to be transformed into a condo or apartment development. Thirdly, it could be utilized as an income-generating property, as it already has a large rock house, two two-bedroom in duplex 1600 sq ft , and a one-bedroom cottage/guest house that is available for immediate occupancy. The property deed has no restrictions, as it has been grandfathered since the 1970s. The property is located in the Eanes Independent School District and the City of Austin ETJ. Additionally, there are multiple Austin Electric meters on the property, a 950-foot deep well that supplies water, and two MUD districts located in close proximity. Three structures total of 5062 sq ft. Please contact me for Survey.

Property Type :

Residential

Subdivision :

Sanders Estates

County :

Travis

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 8

Bathroom Information

Total Baths: 6

Full Baths: 5

Half Baths: 1

Water/Sewer

Water Source : Municipal Utility District

Sewer : Septic Tank

Room Information

5062

Total Rooms: 8

Accessibility Features

None

Interior Features

Roof : Shingle

Exterior Property Features : Balcony,Private Yard,See Remarks

Interior Features: See Remarks

Property Appliances: See Remarks

No. of Fireplace: 1

Fireplace: Great Room

Cooling Features: Central Air

Heating Features: Central

Building Information

Year Built: 1974

Construction: Brick,HardiPlank Type

Roof: Shingle

Flooring: See Remarks

Fencing: Barbed Wire

Patio And Porch Features: Patio

View: Canyon,Park/Greenbelt,Creek/Stream,Trees/Woods

Exterior Features

Balcony,Private Yard,See Remarks

Window Features: Blinds

Laundry Features: Laundry Room

Lot Information

Lot Description: Back Yard,Backs to Greenbelt/Park,Gentle Sloping

Covered Spaces: 2

Lot Size Acres: 3.747

Property Information

SQ ft: 5,062

Subdivision: Rob Roy West

Directions: Bee Caves Rd Turn on Grace Lane. Vier to the Right on the road.

Source Property Type: Residential

Property SubType: Single Family Residence

Area: 8W

Source Neighborhood: Rob Roy West

Total Square Feet Living: 5062

Foundation Details: Slab

Pool Features: None

Property Age: 50

Utilities: Above Ground Utilities,Electricity Available,Propane,Water Available

Listing Price Information

Original List Price: $2,350,000

Tax Information

Parcel Number: 01213401210000

Parking Information

Garage: 2

Parking Features: Additional Parking,Circular Driveway,Carport,Garage,Garage Faces Side

Homeowners Association Information

Association: No

Community Features: None

School Information

Elementary School: Valley View

Middle/Junior High School: West Ridge

Senior High School: Westlake

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4825 Laguna Lane, Austin, TX,78746 $5,500,000 -- -- -- 0.788 Acre
1719 Channel Road, Austin, TX,78746 $6,250,000 -- -- -- 0.894 Acre
1 Martelli Lane, Austin, TX,78746 $2,700,000 -- -- -- 2.272 Acres
2600 Allston Lane, Austin, TX,78746 $3,150,000 5 4 6,085 0.64 Acre
3 Valbella Drive, Austin, TX,78746 $2,295,000 -- -- -- 2.061 Acres
2021 Surrey Hill Drive, Austin, TX,78746 $2,499,000 -- -- -- 5.2 Acres
1703 Jackson Hole Cove, Austin, TX,78746 $1,550,000 4 4 4,105 0.3447 Acre
2329 Westlake Drive #10, Austin, TX,78746 $5,190,000 4 4 3,776 0.3511 Acre
1717 Channel Road, Austin, TX,78746 $15,650,000 -- -- -- 3.4 Acres
2503 Trail Of Madrones, Austin, TX,78746 $2,590,000 4 4 4,744 0.469 Acre

The information being provided by ACTRIS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the ACTRIS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by ACTRIS.

ByOwner last updated this listing 05/09/2024 @ 18:43

MLS: 6317516
LISTED BY: Beth Sher, @ properties Christie's International
SOURCE: ACTRIS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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