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Austin 78746
502 GraceLane LN
$2,200,000
↓ $50K (2.2%)
● House - For Sale

502 GraceLane LN

Austin, TX 78746
bedrooms
9 Beds
bathrooms
5 Baths
square feet
5,000 Ft²
$10,803
Est. Monthly

About This Property

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.
Unit Size
5,000 Ft²
Days on Market
-
Land Size
3.74 acres
Price per sqft
$440
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1974

Listed By

Beth Sher
@ properties Christie's International

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Last updated: 3 months ago (Unlock MLS #ACT5388435)

Price History

Date / Event Date Event Price
Jul 23, 2026 Price Decreased $2,200,000
↓ $50K (2.2%)
Price Decreased
Jul 16, 2026 No longer available -
No longer available
Jul 15, 2026 Listed by Christies Intl Real Estate Lone Star $2,250,000
Listed by Christies Intl Real Estate Lone Star
Jun 25, 2026 In contract -
In contract
Mar 7, 2026 Withdrawn -
Withdrawn
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Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Has Carport
Parking Features: Detached Carport, Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 5
Interior Features: See Remarks
Appliances: See Remarks
Flooring Type: See Remarks
Has Fireplace
Fireplace Features: See Remarks
Fireplaces: 1
Exterior Details
Square Footage: 5000
Square Footage Source: $0
Green Sustainability
Property Condition: See Remarks
Year Built Source: Public Records
Year Built: 1978
Waterfront Features: Creek, Dry/Seasonal
Levels: Two
Other Structures: Guest House, Residence, Second Residence
Window Features: See Remarks
Construction Materials: See Remarks
Patio and Porch Features: See Remarks
Pool Features: None
Lot Features: Greenbelt, Native Plants, Pie Shaped Lot, Wooded, Views
Lot Size Area: 162914.4
Lot Size Units: Square Feet
Lot Size Acres: 3.74
Lot Size Square Feet: 162914.4
Water Source: See Remarks, Well
Financial Details
Tax Map Number: IMPS ONLY ABS 734 SUR 499
Tax Assessed Value: $1,043,307
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 840
  • Parking Space Count: 3
  • Patio Type: 91
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 163,437
  • Total Building Area: 3,922
  • Gross Building Area: 3,922
  • Building Area: 3,082
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,082
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAUL R
  • Land Acres: 0000003752
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: ABS 734 SUR 499 SERGEANT W ACR 3.752

Neighborhood

  • School District Name: Eanes Independent School District
  • School Tax School District: EANES ISD
  • Census Tract: 001916

Geography

  • Assessors Map Reference: 0121340121
  • Account Number: 521480
  • Parcel: 521480
  • Municipality: UNINCORPORATED COUNTY
  • Latitude: 30.3125
  • Longitude: -97.8594

    Address

  • Full Address: 502 Grace Ln
  • Address - House Number: 502
  • Address - Street Name: Grace
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Austin
  • Carrier Code: R045
  • 4-Digit Zip Code: 4815
  • Zip Code: 78746

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $405,292
  • Tax Rate Code Area: 58

    Appraisal Valuation

  • Standard Deviation: 0.1873
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 2,139,040
  • High Value: 2,539,840
  • Low Value: 1,738,241

    Market Valuation

  • Market Total Value: $1,309,575
  • Market Land Value: $300,000
  • Market Improvement Value: $1,009,575

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $745,440

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 10, 2011
  • Current Sale Recording Date: Jun 16, 2011
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2011086971
  • Previous Sale Recording Date: Jun 03, 1998
  • Previous Sale Contract Date: May 28, 1998
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Austin


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Frequently Asked Questions

When was property at 502 Grace Lane built and last sold?
The property at 502 Grace Lane was built in 1974 and last sold on May 10, 2011 for $0.
How much is this home worth?
The estimated value of the home located at 502 Grace Lane is $2,222,000.
What are some comparable homes to 502 Grace Lane?
There are currently no comparable homes to 502 Grace Lane.