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FOR SALE
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$2,200,000

Reduced $50K

502 GraceLane LN, Austin, TX 78746

Est. Mortgage $11,009/mo

9

beds

5

baths

5,000

sqft

3.74

acres

Single Family Residence
Built in 1978
3.74 Acres Lot
5,000 sqft
$440/sqft
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OVERVIEW

About this home

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.

Listings checked every few minutes. MLS# 5388435 was Last Updated: 07-24-2026.

Listed by Christies Intl Real Estate Lone Star (512) 270-8586

Listing courtesy of Unlock MLS as distributed by MLS Grid. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but is not guaranteed accurate by MLS Grid or Unlock MLS.

More homes for sale in Rob Roy West

See all homes for sale in Rob Roy West

How does this property compare to others in Rob Roy West?

502 GraceLane LN is listed at $2.2M vs. the $2.2M median in Rob Roy West. The neighborhood average is $440/sqft.

MetricRob Roy West
Median List Price$2.2M
Median Sold PriceN/A
Average Price per Sqft$440
Active Listings1

Market data as of September 2026.

Frequently Asked Questions

How much is 502 GraceLane LN?

502 GraceLane LN is listed for $2,200,000. It features 9 bedrooms, 5 bathrooms, 5,000 square feet, 3.74 acres. Built in 1978.

What neighborhood is 502 GraceLane LN in?

502 GraceLane LN is located in the Rob Roy West neighborhood of Austin, Texas.

How does 502 GraceLane LN compare to other homes in Rob Roy West?

The asking price of $2,200,000 is 0.0% lower than the median home price of $2.2M in Rob Roy West. At $440/sqft, it compares to the neighborhood average of $440/sqft.

What are the details of 502 GraceLane LN?

502 GraceLane LN was built in 1978, and sits on 3.74 acres of land, and is a single family residence style home.