BEDS4
BATHS2 full
SQUARE FEET5,000
MLS#5388435
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONRob Roy West
SCHOOLEanes ISD
Property Description
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.
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Fireplaces: 1
Garage: 2
Heating: Central
Lot Size: 3.74 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $5,484
Year Built: 1978
Amenities
See Remarks
See Remarks
Feature Descriptions
Appliances: See Remarks
Area #: 8W
Days on Site: 1
Exterior: See Remarks
Fencimg: Wood
Fireplace: See Remarks
Flood Plain: No
Flooring: See Remarks
Horse Amenities: See Remarks
Lot: Back to Park/Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
Parcel#: 534871
Parking: Detached Carport, Garage
Parking Notes: Detached Carport, Garage
Patio/Porch: See Remarks
Sewer: Septic Tank
Special View Info: Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woo
Utilities: See Remarks, Electricity Connected, Natural Gas Available
Water: See Remarks, Well
Water Features: Creek, Dry/Seasonal
Window: See Remarks
Local Schools
High School: Westlake
Middle School: West Ridge
Elementary School: Forest Trail
School District: Eanes ISD
Listed By / Shown By
Listed By
Agency Name: Christies Intl Real Estate Lone Star
Agency Phone: (512) 270-8586
Shown By
Agent Name: Janae Lacour Dunn, MBA
Agent Phone: (512) 626-8173
Agency Title: Realty Capital City
Estimate Your Payment
Estimated Payment
$ 6,120.77 per month $5,007.52 Principal & Interest $457.00 Property Tax $656.25 Homeowner's InsuranceChange Payment Information
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Each office independently owned and operated.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 07/17/2026. The listing information on this page last changed on 07/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/17/2026 12:04:00 AM EST) or Austin MLS (last updated Thu 07/16/2026 11:57:46 PM EST) or CTXMLS (last updated Thu 07/16/2026 11:34:29 PM EST). Real estate listings held by brokerage firms other than Realty Capital City may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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502 Gracelane Ln | MLS# 5388435
This single family home located at 502 Gracelane Ln, Austin, TX 78746 is currently listed for sale with an asking price of $2,250,000. This property was built in 1978 and has 4 bedrooms and 2 full baths with 5000 sq. ft. Gracelane Ln is located in the Rob Roy West subdivision within the Eanes ISD school district. Search Rob Roy West real estate on www.movetonorthaustin.com today.