About 502 Grace Lane
Livable 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 The property has several tiers, leading from a hilltop down to an amazing long-flowing creek, and is surrounded by an abundant number of trees, as the land surrounding the structures has never been developed. This is a prospective buyer's or developer's dream lot, depending on the path the new owner decides to take. The property is just under a four-acre wooded tract in Rob Roy West, situated near Bee Cave Road, which could be cleared and constructed into a vast single-family estate, serving as the first option. Secondly, it has the potential to be transformed into a condo or apartment development. Thirdly, it could be utilized as an income-generating property, as it already has a large rock house, two two-bedroom in duplex 1600 sq ft , and a one-bedroom cottage/guest house that is available for immediate occupancy. The property deed has no restrictions, as it has been grandfathered since the 1970s. The property is located in the Eanes Independent School District and the City of Austin ETJ. Additionally, there are multiple Austin Electric meters on the property, a 950-foot deep well that supplies water, and two MUD districts located in close proximity. Three structures total of 5062 sq ft. Please contact me for Survey.
Features of 502 Grace Lane
MLS® # | 6317516 |
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Price | $2,350,000 |
Bedrooms | 8 |
Bathrooms | 6.00 |
Full Baths | 5 |
Half Baths | 1 |
Square Footage | 5,062 |
Acres | 3.75 |
Year Built | 1974 |
Type | Residential |
Sub-Type | Single Family Residence |
Status | Active |
Community Information
Address | 502 Grace Lane |
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Area | 8W |
Subdivision | Rob Roy West |
City | Austin |
County | Travis |
State | TX |
Zip Code | 78746 |
Amenities
Utilities | Electricity Available, Propane, Water Available, Above Ground Utilities |
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Features | None |
Parking | Additional Parking, Garage, Carport, Circular Driveway, Garage Faces Side |
Garage Spaces | 2 |
View | Park/Greenbelt, Creek/Stream, Trees/Woods, Canyon |
Is Waterfront | No |
Waterfront | Creek |
Has Pool | No |
Interior
Interior | See Remarks |
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Appliances | See Remarks |
Heating | Central |
Fireplace | Yes |
# of Fireplaces | 1 |
Fireplaces | Great Room |
# of Stories | 2 |
Stories | Two |
Exterior
Exterior Features | Balcony, Private Yard, See Remarks |
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Lot Description | Back Yard, Backs to Greenbelt/Park, Gentle Sloping |
Roof | Shingle |
Construction | Brick, HardiPlank Type |
Foundation | Slab |
School Information
District | Eanes ISD |
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Elementary | Valley View |
Middle | West Ridge |
High | Westlake |
Additional Information
Date Listed | February 7th, 2024 |
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Days on Market | 81 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Tax Year | 2022 |
Estimated Tax | 0 |
Total Actual Tax | 0 |
Listing Details
Office | @ properties Christie's International |
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Contact Info | (512) 368-8078 |
Contact Details | (512) 368-8078 |