$2,200,000
Original price: $2,250,000
502 Grace Ln, Austin, TX 78746
Est. Mortgage $14,027/mo*
Get Pre-QualifiedWe estimate this home will sell faster than 92% nearby.
Home Highlights
Listed
45 days ago
Local Information
- Map ViewExplore the area around 502 Grace Ln.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
Last check for updates: about 22 hours ago
Listing courtesy of Beth Sher, (512) 270-8586
Christies Intl Real Estate Lone Star, (512) 270-8586
Mary Anne McMahon, (512) 947-9684
Christies Intl Real Estate Lone Star, (512) 270-8586
Source: Unlock MLS, MLS#7216138
Also Listed on Unlock MLS.
We estimate this home will sell faster than 92% nearby.
Home Details for 502 Grace Ln
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MLS Status: Active |
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Appliances & Utilities Utilities: See Remarks, Electricity Connected, Natural Gas Available |
Gas & Electric Has Electric on Property |
View Has a ViewView: Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods |
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Exterior Home Features Fencing: WoodOther Structures: Guest House, Residence, Second ResidenceExterior: See Remarks |
Frontage Waterfront: Creek, Dry/SeasonalNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
Farm & Range Not Allowed to Raise Horses |
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Days on Market: 45 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Not a New Construction |
Property Information Condition: See RemarksParcel Number: 534871 |
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Price List Price: $2,200,000 |
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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: 7216138 |
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Community Features: None |
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No HOA |
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Lot Area: 3.74 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Mls Number: 7216138Water ViewWater View: Creek/StreamAttribution Contact: (512) 270-8586 |
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None |
Around this home
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.
Market trends in Lost Creek
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
22
2MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.76 | Lot/Land | - | 05/21/26 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.01 | $2,200,000 | 9 | 5 | 5,000 | For Sale | |
0.29 | $2,399,000 | 5 | 3.5 | 3,959 | For Sale | |
0.58 | $1,550,000 | - | - | - | For Sale | |
0.78 | $3,000,000 | 5 | 5 | 6,413 | For Sale | |
0.82 | $3,795,000 | 4 | 6 | 5,476 | For Sale | |
0.77 | $2,768,200 | 6 | 5.5 | 4,481 | Off Market | |
1.02 | $1,595,000 | - | - | - | For Sale | |
1.13 | $1,950,000 | - | - | - | For Sale | |
1.17 | $1,595,000 | 3 | 3 | 2,851 | For Sale | |
1.17 | $4,999,900 | 5 | 6 | 8,538 | For Sale | |
1.24 | $2,249,000 | - | - | - | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 22, 2026 Source: Unlock MLS #7216138 | PriceChange | $2,200,000 Price decreased by 2% |
Jul 15, 2026 Source: Unlock MLS #7216138 | Listed For Sale | $2,250,000 |
Jul 15, 2026 Source: Unlock MLS #3915094 | ListingRemoved | $2,250,000 |
Jun 25, 2026 Source: Unlock MLS #3915094 | Contingent | $2,250,000 |
Mar 7, 2026 Source: Unlock MLS #3915094 | Listed For Sale | $2,250,000 |
Mar 6, 2026 Source: Unlock MLS #4786732 | ListingRemoved | $2,250,000 |
Nov 6, 2025 Source: Unlock MLS #7556083 | PriceChange | $2,250,000 Price decreased by 4% |
Jan 5, 2025 Source: HLMLS as distributed by MLS GRID #171444 | Listed For Sale | $2,340,000 |
Dec 20, 2024 Source: Unlock MLS #5084395 | ListingRemoved | $2,340,000 |
Oct 25, 2024 Source: Unlock MLS #6317516 | PriceChange | $2,340,000 Price increased by 79,222% |
Sep 13, 2024 Source: Zillow Rentals | ListingRemoved | $2,950 |
Aug 29, 2024 Source: Zillow Rentals | Listed For Rent | $2,950 |
Aug 8, 2024 Source: Unlock MLS #6317516 | PriceChange | $2,345,000 Price decreased by 0% |
Jul 5, 2024 Source: Unlock MLS #6317516 | PriceChange | $2,349,999 Price decreased by 0% |
Feb 8, 2024 Source: Unlock MLS #6317516 | Listed For Sale | $2,350,000 |
Jan 31, 2024 Source: Unlock MLS #5772219 | ListingRemoved | |
Jan 25, 2024 Source: Unlock MLS #7523643 | PriceChange | $2,350,000 Price decreased by 2% |
Nov 15, 2023 Source: Unlock MLS #5772219 | PriceChange | $2,389,000 Price decreased by 4% |
Oct 3, 2023 Source: Unlock MLS #7523643 | PriceChange | $2,479,000 Price decreased by 0% |
Sep 20, 2023 Source: Unlock MLS #5772219 | PriceChange | $2,489,000 Price decreased by 0% |
Aug 15, 2023 Source: Unlock MLS #7523643 | PriceChange | $2,500,000 Price decreased by 17% |
Apr 29, 2023 Source: Unlock MLS #5720548 | Listed For Sale | $3,000,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,683 | $896,771 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Beth Sher, Christies Intl Real Estate Lone Star, (512) 270-8586
Agent Phone: (512) 270-8586
Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2026-08-29 10:01:22 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
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Frequently asked questions about 502 Grace Ln
- How big is 502 Grace Ln?502 Grace Ln in Austin, TX is about 3.7 acres.
- What is the price per acre for 502 Grace Ln?502 Grace Ln in Austin, TX is listed at $2,200,000, or about $590K per acre.
- What do residents say about Austin?Residents describe Austin, TX as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Austin, TX.
- What are the closest schools to 502 Grace Ln?The closest schools to 502 Grace Ln in Austin, TX are Forest Trail Elementary School (rated 10/10), West Ridge Middle School (rated 10/10), Westlake High School (rated 9/10).
502 Grace Ln, Austin, TX 78746 is a lot/land. This property is currently available for sale and was listed by Unlock MLS on Jul 15, 2026. The MLS # for this home is MLS# 7216138.