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
Basic Property Information
<strong>Dwelling Size - </strong> 5,062 ft2
From Builder
<strong>Year Built - </strong> 1974
<strong>Stories - </strong> Two
<strong>Foundation - </strong> Slab
<strong>Garage - </strong> 2
Additional Parking, Carport, Circular Driveway, Garage, Garage Faces Side
<strong>Roof - </strong> Shingle
<strong>Lot Size Acres - </strong> 3.747
<strong>Waterfront Features - </strong> Creek
Bedrooms - 8
<strong>Main Level Bedrooms - </strong> 3
<strong>Bathrooms - </strong> 5.5
<strong>Full - </strong> 5
<strong>Half - </strong> 1
<strong>Living Rooms - </strong> 2
<strong>Dining Rooms - </strong> 1
<strong>Fireplaces - </strong> 1
Great Room
<strong>Pool on Property- </strong> None
School District
<strong>School District - </strong> Eanes ISD
<strong>Elementary - </strong> Forest Trail
<strong>Middle - </strong> West Ridge
<strong>Senior High - </strong> Westlake
Home Owners Association
Amenities and Features
Other Features
Balcony
Electrical Utility Available
Has Garage
Private Yard
See Remarks
Utilities
Heating: Central Cooling: Central Air Above Ground, Electricity Available, Propane, Water Available
Sewer: Septic Tank Water: Municipal Utility District (MUD)
<strong>Lot Features - </strong> Back to Park/Greenbelt, Back Yard, Gentle Sloping
<strong>Sellers Representative - </strong> Christies Intl Real Estate Lone Star
(512) 270-8586
<strong>Other Structures - </strong> Guest House, Second Residence
<strong>Accessibility Features - </strong> None
<strong>Community Features - </strong> None
Walk Score
Based on information from the Austin Board of REALTORS® for the period 11/02/2026 through 11/02/2026. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.
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