MAGICAL PROPERTY WITH BREATHTAKING CANYON VIEWS AND STUNNING WET WEATHER CREEK
INVESTMENT/BUILDER OPPORTUNITY: No Zoning Restrictions 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.
Basic Property Information
<strong>Dwelling Size - </strong> 5,000 ft2
From Public Records
<strong>Year Built - </strong> 1978
<strong>Stories - </strong> Two
<strong>Foundation - </strong> See Remarks
<strong>Garage - </strong> 2
Detached Carport, Garage
<strong>Roof - </strong> Shingle
<strong>Lot Size Acres - </strong> 3.74
<strong>Waterfront Features - </strong> Creek, Dry/Seasonal
Bedrooms - 9
<strong>Main Level Bedrooms - </strong> 8
<strong>Bathrooms - </strong> 5
<strong>Full - </strong> 5
<strong>Half - </strong> 0
<strong>Living Rooms - </strong> 5
<strong>Dining Rooms - </strong> 5
<strong>Fireplaces - </strong> 1
See Remarks
<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
Can Raise Horses
Electrical Utility Available
Has Garage
See Remarks
Utilities
Heating: Central Cooling: Central Air See Remarks, Electricity Connected, Natural Gas Available
Sewer: Septic Tank Water: See Remarks, Well
Additional Details
<strong>Faces - </strong> West
<strong>Flooring - </strong> See Remarks
<strong>View - </strong> Creek/Stream, Hill Country, Park/Greenbelt, Trees/Woods
<strong>Lot Features - </strong> Back to Park/Greenbelt, Native Plants, Pie Shaped Lot, Trees-Moderate, Views
<strong>Sellers Representative - </strong> Christies Intl Real Estate Lone Star
(512) 270-8586
<strong>Other Structures - </strong> Guest House, Residence, 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 10/31/2026 through 10/31/2026. 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.