502 Grace Ln
Austin, TX 78746
8 Beds
5.5 Baths
5,062 sqft (on 3.75 acres)
8 Beds
5.5 Baths
5,062 sqft
(on 3.75 acres)
Local Information
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Description
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
Home Highlights
Parking
Garage
Outdoor
Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
$444
Listed
75 days ago
Home Details for 502 Grace Ln
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 8Main Level Bedrooms: 3Number of Bathrooms: 6Number of Bathrooms (full): 5Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 5062 Square Feet |
Appliances & Utilities Utilities: Above Ground, Electricity Available, Propane, Water AvailableAppliances: See Remarks |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa Number of Fireplaces: 1Fireplace: Great Room |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Window: See RemarksFlooring: See Remarks |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoAccessibility: NoneFloors: See Remarks |
View Has a ViewView: Canyon, Creek/Stream, Park/Greenbelt, Trees/Woods |
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Exterior Home Features Roof: ShinglePatio / Porch: Deck, Patio, TerraceFencing: Barbed WireOther Structures: Guest House, Second ResidenceExterior: Balcony, Private Yard, See RemarksFoundation: SlabNo Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side |
Pool Pool: None |
Frontage Waterfront: CreekNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Farm & Range Not Allowed to Raise Horses |
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Days on Market: 75 |
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Year Built Year Built: 1974 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Not a New ConstructionNo Additional Parcels |
Property Information Condition: ResaleParcel Number: 01213401210000 |
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Price List Price: $2,250,000Price Per Sqft: $444 |
Status Change & Dates Possession Timing: Funding |
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Direction & Address City: AustinCommunity: Rob Roy West |
School Information Elementary School: Forest TrailElementary School District: Eanes ISDJr High / Middle School: West RidgeJr High / Middle School District: Eanes ISDHigh School: WestlakeHigh School District: Eanes ISD |
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Listing Agent Listing ID: 3915094 |
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Community Features: None |
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No HOA |
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Lot Area: 3.747 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, FHA |
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Mls Number: 3915094Water ViewWater View: Creek/StreamAttribution Contact: (512) 270-8586 |
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None |
Last check for updates: about 13 hours ago
Listing courtesy of Beth Sher, (512) 270-8586
Christie's Int'l Real Estate, (512) 270-8586
Mary Anne McMahon, (512) 947-9684
Christie's Int'l Real Estate, (512) 270-8586
Source: Unlock MLS, MLS#3915094
Price History for 502 Grace Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 03/07/2026 | $2,250,000 | Listed For Sale | Unlock MLS #3915094 |
| 03/06/2026 | $2,250,000 | ListingRemoved | Unlock MLS #4786732 |
| 11/06/2025 | $2,250,000 | PriceChange | Unlock MLS #7556083 |
| 01/05/2025 | $2,340,000 | Listed For Sale | HLMLS as distributed by MLS GRID #171444 |
| 12/20/2024 | $2,340,000 | ListingRemoved | Unlock MLS #5084395 |
| 10/25/2024 | $2,340,000 | PriceChange | Unlock MLS #6317516 |
| 09/13/2024 | $2,950 | ListingRemoved | Zillow Rentals |
| 08/29/2024 | $2,950 | Listed For Rent | Zillow Rentals |
| 08/08/2024 | $2,345,000 | PriceChange | Unlock MLS #6317516 |
| 07/05/2024 | $2,349,999 | PriceChange | Unlock MLS #6317516 |
| 02/08/2024 | $2,350,000 | Listed For Sale | Unlock MLS #6317516 |
| 01/31/2024 | ListingRemoved | Unlock MLS #5772219 | |
| 01/25/2024 | $2,350,000 | PriceChange | Unlock MLS #7523643 |
| 11/15/2023 | $2,389,000 | PriceChange | Unlock MLS #5772219 |
| 10/03/2023 | $2,479,000 | PriceChange | Unlock MLS #7523643 |
| 09/20/2023 | $2,489,000 | PriceChange | Unlock MLS #5772219 |
| 08/15/2023 | $2,500,000 | PriceChange | Unlock MLS #7523643 |
| 04/29/2023 | $3,000,000 | Listed For Sale | Unlock MLS #5720548 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $3,683 |
| Assessment | $896,771 |
Home facts updated by county records
Comparable Sales for 502 Grace Ln
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.32 | Single-Family Home | - | 11/10/25 | 4 | 5 | 4,149 |
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Get a sense of prices in the area by checking nearby homes.
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Assigned Schools
These are the assigned schools for 502 Grace Ln.
- Westlake High School
- 9-12
- Public
- 2851 Students
8/10GreatSchools RatingParent Rating AverageThe best part of Westlake High School are the teachers. They are truly amazing. The worst part of the school is the athletic program. It is a pay-to-play mentality. They also discriminate against student athletes that do not fit their mold.Parent Review1y ago - Forest Trail Elementary School
- K-5
- Public
- 500 Students
9/10GreatSchools RatingParent Rating AverageOverall I am fine with the school, most of the teachers are nice and diligent, the staff are warm and helpful. But they don't have much expectation on academics and my kid never had any homework until she got into the 6-7 grade math class when she was in the 5th grade. Social pressure is big for girls as there are popular girls cliques starting at 4th grade. The school does not pay attention to diversity issue as most kids are white. The white moms run the school, begin with the white mom's club in the neighborhood. They run the booster club, the mom daughter retreat, the parties, and the social events. They form their own circles and make no efforts to include minorities. Most boys are into sports and girls are into fashion stuff....Parent Review3y ago - West Ridge Middle School
- 6-8
- Public
- 885 Students
9/10GreatSchools RatingParent Rating AverageDo not go this school is horribleParent Review3mo ago 
Check out schools near 502 Grace Ln.
What Locals Say about Lost Creek
At least 13 Trulia users voted on each feature.
100 % Say car is needed
100 % Say it's dog friendly
95 % Say parking is easy
92 % Say yards are well-kept
90 % Say it's quiet
90 % Say there's holiday spirit
90 % Say there's wildlife
88 % Say kids play outside
86 % Say people would walk alone at night
85 % Say they plan to stay for at least 5 years
83 % Say neighbors are friendly
81 % Say there are community events
71 % Say there are sidewalks
18 % Say streets are well-lit
16 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Beth Sher, Christie's Int'l Real Estate, (512) 270-8586
Agent Phone: (512) 270-8586
Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2026-05-21 11:24:47 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Information being provided is 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. Some IDX listings have been excluded from this website. Click here for more information
Information being provided is 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. Some IDX listings have been excluded from this website. Click here for more information
502 Grace Ln, Austin, TX 78746 is a 8 bedroom, 6 bathroom, 5,062 sqft single-family home built in 1974. This property is currently available for sale and was listed by Unlock MLS on Mar 7, 2026. The MLS # for this home is MLS# 3915094.