INVESTMENT/BUILDER OPPORTUNITY IN TRAVIS COUNTY NOT IN THE ETJ: 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)
Based on information from the Austin Board of REALTORS® for the period 08/27/2026 through 08/27/2026. 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.
This beautifully maintained home offers a spacious and light-filled floor plan with wood-s ...
This beautifully maintained home offers a spacious and light-filled floor plan with wood-style flooring, a cozy fireplace, and an open-concept layout ideal for ...
Move-in ready in South Austin with the big-ticket updates already done. This beautifully r ...
Move-in ready in South Austin with the big-ticket updates already done. This beautifully refreshed 78748 home pairs an open, light-filled layout with major rece ...
This 4 bedroom 2.5 bathroom is situated on a corner lot and features a 2 car garage, open ...
This 4 bedroom 2.5 bathroom is situated on a corner lot and features a 2 car garage, open concept kitchen, dining and living room areas, breakfast bar, stone co ...
Welcome to this stunning 3-bedroom, 2.5-bathroom, 2-story home that perfectly blends every ...
Welcome to this stunning 3-bedroom, 2.5-bathroom, 2-story home that perfectly blends everyday comfort with exceptional entertaining spaces. Step inside to an in ...
Welcome to 407 Tamworth in Austin’s desirable 78745 zip code. This thoughtfully renovated ...
Welcome to 407 Tamworth in Austin’s desirable 78745 zip code. This thoughtfully renovated 3-bedroom, 2-bath residence offers a heap of light-filled, single-stor ...
3.125% ASSUMABLE LOAN & 1.64% TAX RATE! CALL ME FOR DETAILS!! This is a rare find for ...
3.125% ASSUMABLE LOAN & 1.64% TAX RATE! CALL ME FOR DETAILS!! This is a rare find for the Tiermo neighborhood. A true one-story layout with 4 bedrooms and 2 ...