Active

502 Grace LN

Austin TX, 78746

$2,350,000


$464.24 per sqft

Active

8 Beds

6 Baths

5,062 sqft

Residential

Built in 1974

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.

6317516

MLS ID

February 7, 2024

Listed

May 10, 2024

Updated

Map

502 Grace LN
Austin TX, 78746

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

6


Full Bathrooms

5


Half Bathrooms

1


Interior Features

See Remarks


Appliances

See Remarks


Floor Description

See Remarks


Fireplace

Yes


Fireplace Description

Great Room


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

3.75 Acres


Exterior Features

Balcony, Private Yard, See Remarks


Lot Features

Back to Park/Greenbelt, Back Yard, Gentle Sloping


Roof

Shingle


Sewer

Septic Tank

School Information

School District

Eanes ISD


High School

Westlake


Elementary School

Valley View

Other Property Details

Area Name

8W


Garage

Yes


Garage Spaces

2


Parking

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


View

Yes


View Description

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


County

Travis


Water Source

Municipal Utility District (MUD)


Pool

No


Pool Features

None


Buyer Agency Compensation

3%

Courtesy of @ properties Christie's International

Listing Contact: (512) 368-8078

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Oscar Draguicevich shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Austin/Central Texas Realty Information Service.

Listings courtesy of ACTRIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of ©2024 (date and time MLS GRID Data was obtained). 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

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Database last updated 7:58 PM UTC, 5/10/2024

 

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