Listing details for 502 Grace LN, Austin, TX 78746 : INVESTMENT/BUILDER OPPORTUNITY: Seller Financing Option: 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. Unbound by restrictions, the possibilities are endless. The property itself is a wonderland. A comfortable 2600 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 restrictions, empowering you to shape its destiny. Multiple electric meters, a deep well, and nearby MUD districts ensure convenience and self-sufficiency. Three structures totaling 5062 sq ft await your arrival. 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
View More
Listing Updated : 06-24-2026 at 8:02 PM CDT
Property Details
Overview
Status
Active Under Contract
MLS #ID
ACT3915094
Price
$2,250,000
Bedrooms
8
Bathrooms
6
Square Footage
5,062
Acres
3.747
Year
1974
Days on Site
28 Days
Property Type
Residential
Property Sub Type
Single-Family
Price per Sq Ft
$444
Date Listed
Mar 7, 2026
Community Information for 502 Grace LN, Austin, TX 78746